Affreightment Contract of
An affreightment contract is a legal agreement between a shipowner and a charterer, where the shipowner agrees to transport specified goods for a fee. This contract outlines the terms and conditions of the transportation, including the type of goods, route, and payment terms.
Related glossary terms
Affreight
Affreight is the act of hiring a vessel to carry goods under maritime law. A shipowner and charterer agree on terms via a charter party for cargo transport.
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 Booking
Carrier booking is the process of reserving space with a carrier to ship goods, a critical supply chain step that secures capacity for on-time cargo delivery.
