affreightment


Also found in: Legal, Financial, Encyclopedia, Wikipedia.

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 ?
This capacity is deployed through both spot market, and long-term contracts and CoAs (Contracts of Affreightment).
- 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.
Third, Kirby's scale allows it to provide a long-term contract option called a contract of affreightment (COA).
This shipping is done by way of Contracts of Affreightment signed between the refineries and PNSC without any government involvement.
In the third quarter, better weather should drive improved operating efficiencies on contracts of affreightment. However, the recent hurricane and continued high water conditions on the Mississippi River are expected to impact the third quarter.
THE Nigerian Maritime Administration and Safety Agency, NIMASA, has decried the high level of capital flight occasioned by inadequate participation of indigenous firms in the cargo affreightment value chain.
which involved a contract of affreightment on a steamer carrying specie
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.
As part of our new strategy we signed a contract of affreightment with Shell International Eastern Trading Co, a Shell subsidiary, for a period of three years.
The case for revoking the Contract of Affreightment between PSO and PNSC was tabled before the Economic Coordination Committee (ECC), chaired by Prime Minister Shahid Khaqan Abbasi, on Thursday.
contract liens, including those for affreightment, stevedoring, storage,
Oman Shipping Company (OSC) subsidiary, Oman Charter Company (OCC), has entered into a contract of affreightment (COA) with Shell International Eastern Trading Company for three years.