affreightment

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

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 ?
Odd as that may seem, most claims are adjusted via the insertion, usually by reference, of the York-Antwerp Rules (Association of Average Adjusters 2003-10) into ocean bills of lading, contracts of affreightment, other contracts of carriage, and marine insurance policies.
The majority of the USS fleet is on long-term time charters or contracts of affreightment with major oil and chemical companies based in the United States.
The CDBL features Russian language logistics terminology used in books, periodicals and official documents (transportation agreements, contracts of affreightment, delivery contracts, 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.