affreightment

(redirected from Contracts of Affreightment)
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Related to Contracts of Affreightment: Time Charter, Cesser clause
See: carriage

affreightment

a contract by a shipowner to carry goods for the freighter. The contract will be found in a BILL OF LADING or CHARTERPARTY.

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

References in periodicals archive ?
Navios repositioned its Risk Management Business, composed of Forward Freight Agreements ("FFAs"), Contracts of Affreightment and short-term chartering, to provide sustainable supplemental cash flow while reducing downside volatility.
0 million of fixed rate contracts of affreightment from the U.
6 billion including time charters entered into by the Aframax International pool and fixed rate contracts of affreightment from the U.
The first ATB in the series, scheduled for completion in April 2007, is covered by contracts of affreightment in U.
1) TCE results for the Suezmax and Aframax tanker fleets include realized results of synthetic time charters, FFAs, short-term time-charters and fixed-rate contracts of affreightment.
This increase in utilization was primarily the result of a change in contract mix from contracts of affreightment (COAs) to time charters and a change in fleet mix from smaller, single-hulled barges to larger, double-hulled barges.
a) TCE results for the Suezmax tanker fleet include certain FFAs and fixed-rate contracts of affreightment that were entered into as hedges against several of the Company's vessels.
The increase in operating revenues was due to increased demurrage revenue for vessels operating under contracts of affreightment and dayrate increases for two vessels operating under term contracts.