Affreight
Affreight refers to the act of hiring a ship or other vessel for the transportation of goods. The term is commonly used in the context of maritime shipping, where a shipowner agrees to transport cargo for a charterer under specified terms and conditions.
Related glossary terms
Affreightment Contract of
A contract of affreightment is a legal agreement where a shipowner transports goods for a fee. Learn about charter parties, voyage terms, and cargo liability.
Charter party
Charter party is a contract between a vessel owner and a charterer setting terms of use. Learn voyage vs. time charters, freight rates, and liability.
Ocean Freight
Ocean Freight refers to transporting goods by sea using container ships or bulk carriers, the dominant mode of international trade due to its large-volume…
Carrier
A carrier is an individual or company that transports goods between locations using one or more modes of transport, including sea, air, rail, and road freight.
