affreightment


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affreightment

(əˈfreɪtmənt)
n
(Nautical Terms) a contract hiring a ship to carry goods
[C19: from French affréter to charter a ship, from fret freight]
Translations

affreightment

[əˈfreɪtmənt] Nfletamento m
References in periodicals archive ?
0% for the third quarter of 2014 as a result of higher labor costs, including pension, lower inland marine transportation rates, increased shipyard activity and higher depreciation expense in the coastal business, and the impact of fuel price escalators on inland marine affreightment contracts.
Navig8 selected Interline 9001 to deliver significant operational benefits for the 37,000 dwt vessels, providing increased vessel capacity and maximum operational flexibility required to meet increased market demand for large volume contract of affreightment.
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.
Navig8 selected the product to help deliver significant operational benefits for the 37,000 dwt vessels, providing the improved vessel capacity and maximum operational flexibility required to meet increased market demand for large volume contracts of affreightment.
Under the short term plan, the ultimate objective of PNSC is to enhance the scope of contract of affreightment (COA) with oil refineries and oil marketing company to total 18 million tons of import of crude oil and oil products.
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.
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.
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.
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.
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.