affreightment


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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 ?
Following Spanish tradition the Shipping Act 2014 considers the affreightment as the carriage of goods by sea contract (art.
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.
Moreover, a large part of the fleet of SCIL is on time charter and/or contract of affreightment (COA) contracts, which are relatively stable as compared to spot charter deployment.
4 Article 287 of the Maritime Law reads as follows (quoted translation): "The following claims shall not be heard if opposed and in the absence of lawful excuse: 1- Claims arising out of a marine contract of affreightment after the expiry of a period of one year from the date of delivery of the goods or from the date on which the goods should have been delivered.
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.
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.
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.
charterer" enters into a contract of affreightment with a ship
The drivers, who work in the company's Spot Affreightment Division, say they will picket the Ellesmere Port depot until their demands are met.
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.