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affreightment
(redirected from Contract of Affreightment)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
See: carriage

AFFREIGHTMENT, Com. law. The contract by which a vessel or the use of it, is let out to hire. See Freight; General ship.



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The Target has entered into a 50:50 joint venture agreement (the "JV Agreement") with a Hong Kong company, Waibert Navigation Company Limited ("Waibert"), to form a new company (the "JV Company") focusing on vesselsownership and provide coal shipment logistics services for contract of affreightment ("COA") providers either domestically within the PRC or globally.
Byline: Doha Qatar Petrochemical Company (Qapco), a subsidiary of Industries Qatar, has signed a contract of Affreightment (COA) with the gas shipping Norwegian company Norgas Carrier for shipping Ethylene.
It also has 1-3 years Contract of Affreightment for the transport of liquid chemical, vegetable oils, and asphalt.
 
 
 
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