Those are the rules.
Don't want to flog a dead horse, but they're rules that have been made up, well, on the hoof.
Fine with penalties. GW used to apply them. They were laid down in advance and 0.1c or 0.2c depending on how late.
This is 0.7c is a figure seemingly plucked out of Frank H's hoop.
Given how tight margins are, it effectively counts me out of the annual competition. For being 9 hours late. When that lateness made no difference to my entry (as you can see, I'm at exactly the halfway point of all entries). Is it really worth continuing?