What term describes the amount paid for transporting cargo?

Prepare for the Maritime Commerce Test with our Special Contracts quiz. Featuring flashcards and multiple choice questions, each with hints and detailed explanations. Excel in your maritime exam today!

The term that describes the amount paid for transporting cargo is freightage. This term specifically refers to the charges levied for the transportation of goods, whether by land, sea, or air. It encompasses the cost associated with the handling and movement of cargo from one point to another.

Freightage is a crucial concept in shipping and logistics, as it impacts the overall cost of shipping and can vary based on factors such as the type of cargo, distance, weight, and shipping conditions. Understanding freightage is essential for businesses and individuals involved in maritime commerce, as it directly affects pricing strategies and profit margins.

The other terms listed have different meanings. For instance, lay fee typically refers to a payment made to a ship owner for a vessel that is not in service, shipping cost is more of a general term that could include various expenses related to transporting goods (but does not specifically refer to the transport fee alone), and demurrage is a charge for the delay caused by a ship in loading or unloading beyond the agreed time. Therefore, freightage is the precise term that accurately represents the payment made specifically for transporting cargo.

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