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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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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.
Qapco, Norgas in Ethylene shipment deal by TradeArabia (Manama, Bahrain)
The drivers, who work in the company's Spot Affreightment Division, say they will picket the Ellesmere Port depot until their demands are met.
Drivers face pay cut of pounds 100 a week by Daily Post (Liverpool, England)
Again, to close the loopholes found in purchases, legal opinion suggests that where trade rules specify "proper contract of affreightment," it is not enough - express trade rule contract language must be added to require ISM compliant vessels in CIF or CFR purchases.
Uncovered cart before the horse? by Rekerdres, Ted / Tea & Coffee Trade Journal
 
 
 
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