affreightment

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Related to Contracts of Affreightment: Time Charter, Cesser clause

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 ?
- 48 new ships with freight US$ 5/t lower: we reached an important milestone in the implementation of our strategy to offset the effects of our geographical position on freight rates by concluding the negotiations of long-term Contracts of Affreightment with different shipowners.
He has broad experience representing and counseling clients in such disputes and proceedings in, among other areas, business (such as fraud and other business wrongs), commercial (such as contract), corporate (such as M&A), securities (such as 10b-5 fraud), maritime (such as charter parties and contracts of affreightment), professional liability (such as accountants, attorneys, and D&O), insurance and reinsurance, tax, and trusts and estates.
solely for contracts of affreightment. (187) Advance said that this was
A marine oilfield-services provider, Teekay Offshore, has announced new 3-year shuttle tanker contracts of affreightment, plus extension options, with BP (BP), Royal Dutch Shell (RDS.A) and OMV Group, for the transportation of oil produced from Glen Lyon, west of Shetland in the North Sea.