Short-term (hours) biological and biogeochemical processes cannot be fully captured by the current suite of polar-orbiting satellite ocean color sensors, as their temporal resolution is limited to potentially one clear image per day. Geostationary sensors, such as the Geostationary Ocean Color Imager (GOCI) from the Republic of Korea, allow the study of these short-term processes because their geostationary orbits permit the collection of multiple images throughout each day. To assess the capability to detect changes in water properties caused by these processes, however, requires an understaning of the uncertainties introduced by the instrument and/or geophysical retrieval algorithms. This work presents a study of the variability during the day over a water region of low-productivity with the assumption that only small changes in the water properties occur during the day over the area of study. The complete GOCI mission data were processed using the SeaDAS/l2gen package. Filtering criteria were applied to assure the quality of the data. Relative differences with respect to the midday value were calculated for each hourly observation of the day. Also, the influence of the solar zenith angle in the retrieval of remote sensing reflectances and derived products was analyzed. We determined that the uncertainties in water-leaving “remote-sensing” reflectance ($R_\text{rs}$) for the 412, 443, 490, 555, 660 and 680 nm bands on GOCI are 8.05$\times10^{-4}$, 5.49$\times10^{-4}$, 4.48$\times10^{-4}$, 2.51$\times10^{-4}$, 8.83$\times10^{-5}$, and 1.36$\times10^{-4}$ sr$^{-1}$, respectively, and 1.09$\times10^{-2}$ mg m$^{-3}$ for the chlorophyll-a concentration (Chl-{\it a}), 2.09$\times10^{-3}$ m$^{-1}$ for the absorption coefficient of chromophoric dissolved organic matter at 412 nm ($a_{\text{g}}(412)$), and 3.7 mg m$^{-3}$ for particulate organic carbon (POC). We consider these to be the floor values for detectable changes in the water properties due to biological, physical or chemical processes.