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 ?
'This is beside other values lost in the cargo affreightment and ancillary services in the value chain.'
solely for contracts of affreightment. (187) Advance said that this was
We could say that both, the Colombian and Spanish Shipping Act 2014, by regulating the first one the contract of carriage of goods by sea and, the second one, the affreightment, have the following characteristics:
Negotiations are in progress with public sector organizations for long terms of contracts of affreightment in compliance with the directive of Federal Government obligating PNSC to act as shipping agent and provide shipping service to public sector organizations.
The most common disputes would include affreightment, cargo shipping, shipbuilding and repair contracts, in addition to used ships sale contracts, assurance and reinsurance contracts, marine collisions and other disputes related to marine loss adjusting, maritime assistance and rescue.
During December 2013, the company and its exclusive shipping contractor agreed to amend the contract of affreightment for shipments to California to provide for the carriage of joint cargos with another BC shipper and to lower the annual commitment level.
The basis for general average adjustment is customarily established in the contract of affreightment, which usually states that adjustment will be made according to the rules of a certain port, or if that port or country lacks jurisdiction, according to the York-Antwerp Rules.
These included signing a contract of affreightment for the transport of furnace oil with the Pakistan National Shipping Corporation as well as signing a MoU with the government of Khyber Pakhtunkhwa for the establishment of 40,000 barrel state of-the-art refinery in the province.
NYM: PSO and Pakistan National Shipping Corporation (PNSC), the nation's flagship oil marketing and shipping companies have solidified their partnership by signing a contract of affreightment (COA).
In Alaska Barite, the plaintiff filed suit for breach of an alleged contract of affreightment identifying the action as an admiralty claim under Rule 9(h).
The company would sell its nine owned chemical tankers, the six in-chartered chemical tankers, all affreightment agreements and the Nordic Tankers organisation including its 140 employees.
During the third quarter, EXMAR took over 4 BW Gas Midsize vessels and has therefore started to handle the North Sea Contracts of Affreightment, which is a beneficial addition to the EXMAR Midsize portfolio.