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 ?
Sokolov's Marine Commercial Dictionary[7] contains most of the key terms relating to contracts of affreightment, charters, loading/unloading terms, etc.
Teekay Offshore has been awarded new three-year shuttle tanker contracts of affreightment (CoA) with BP, Shell and OMV Group for the Glen Lyon FPSO.
Odfjell Seachem AS has agreed to plead guilty to an information alleging a single-count violation of the US Sherman Antitrust Act for allocating customers and thereby fixing prices on certain contracts of affreightment from 1998 to 2002," Odfjell said.
0 million of fixed rate contracts of affreightment from the U.
Navig8 selected the product to help deliver significant operational benefits for the 37,000 dwt vessels, providing the improved vessel capacity and maximum operational flexibility required to meet increased market demand for large volume contracts of affreightment.
6 billion including time charters entered into by the Aframax International pool and fixed rate contracts of affreightment from the U.