What is 'affreightment' πŸ§‘β€πŸ”§


After a few coworkers requested my assistance on the matter, I decided to write about "What is 'affreightment'". If you're still with doubts, bear with me…

The lease of a vessel for the transportation of goods.

Affreightment is a contract by a ship owner to carry goods for the freighter.

It is a mercantile lease of a vessel under which it remains in charge of the owners; also : the act of hiring a vessel under such a lease.

These are a few popular questions people ask:

'affreightment'

What are the standard charter parties for contracts of affreightment (COA)...

There are several standard charter parties for Contracts of Affreightment (COA) such as Volcoa and Intercoa. Standard charterparty forms are designed to be used in conjunction with voyage charter forms for each voyage which is undertaken under the Contracts of Affreightment (COA).

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Materials: What is 'affreightment' πŸ§‘β€πŸ”§
What is 'affreightment' πŸ§‘β€πŸ”§
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