Definitions for "Affreightment" Add To Word List
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The act of hiring, or the contract for the use of, a vessel, or some part of it, to convey cargo.
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a contract for the movement of cargo in which the cargo owner/shipper is neither charterer nor operator of the vessel.
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Contracts between a carrier and an exporter, to carry goods by sea or by air. Bills of Lading and Airway Bills are evidence of "contract of affreightment".
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A contract to carry merchandise.
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Contract which sets forth the obligations of both shipper and carrier concerning transportation of the merchandise. The most common forms of affreightment are Bills of Lading and Waybills.
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The hiring or chartering of all or part of a vessel for the transport of goods.
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contract to carry goods by ship. Charter-parties and bills of lading are contracts of affreightment.
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Hiring a ship to carry a cargo. The contract is expressed in a bill of lading.
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An agreement between a shipping line (or similar carrier) and an importer or exporter in which cargo space is reserved on a vessel for a specified time and at a specified price. The importer/exporter is obligated to make payment whether or not the shipment is made.
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Affreightment (from freight) is a legal term used in shipping.
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