What does contract of affreightment mean?
Definitions for contract of affreightment
con·tract of af·freight·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word contract of affreightment.
Wikipedia
contract of affreightment
Affreightment (from freight) is a legal term relating to shipping. A contract of affreightment is a contract between a ship-owner and a charterer, in which the ship-owner agrees to carry goods for the charterer in the ship, or to give the charterer the use of the whole or part of the ship's cargo-carrying space for the carriage of goods on a specified voyage or voyages or for a specified time. The charterer agrees to pay a specified price, called freight, for the carriage of the goods or the use of the ship.A ship may be let, like a house, to a person who takes possession and control of it for a specified term. The person who hires a ship in this way occupies during the specified time the position of ship-owner. The contract under which a ship is so let may be called a charterparty—but it is not, properly speaking, a contract of affreightment, and is mentioned here only to clarify the distinction between a charter-party of this kind, which is sometimes called a demise of the ship, and a charter-party that is a contract of affreightment.
Dictionary of Nautical Terms
contract of affreightment
The agreement for the letting to freight the whole or any part of a vessel for one or more voyages; the charter-party.
Numerology
Chaldean Numerology
The numerical value of contract of affreightment in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of contract of affreightment in Pythagorean Numerology is: 4
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"contract of affreightment." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/contract+of+affreightment>.
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