from The Century Dictionary.
- noun The act of hiring a ship for the transportation of goods.
- noun The freight carried by a ship.
from the GNU version of the Collaborative International Dictionary of English.
- noun The act of hiring, or the contract for the use of, a vessel, or some part of it, to convey cargo.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun nautical The act of hiring, or the
contractfor use of, a vessel, or some part of it, to convey cargo.
Sorry, no etymologies found.
[Sidenote: History of the York-Antwerp rules.] rules in their contracts of affreightment and contracts of insurance (see INSURANCE: _Marine_).
Except as provided in the foregoing rules, the adjustment shall be drawn up in accordance with the law and practice that would have governed the adjustment had the contract of affreightment not contained a clause to pay
When questions arose affecting purchases and sales, the affreightment of ships, marine insurances, bills of exchange, and promissory notes, it was impossible to decide them; there were no cases to refer to, no treatises to consult.
Company's global presence, which includes a new office in Singapore, to capitalize on value creation strategies in spot trading, contracts of affreightment, and time charter in/out, among others.
The Royal Bank of Scotland plc, pursuant to which the Lenders have consented, among other things, to the Trading Operation which will comprise spot trading, contracts of affreightment, time charter-in and -out and derivative instruments.
Offshore Operating L.P. (OPCO), signed a master agreement with Statoil ASA (Statoil) that replaces an existing volume-dependent, life-of-field contract of affreightment (CoA), and covers fixed-rate, life-of-field time-charter contracts for seven dedicated shuttle tankers.
Eagle Bulk's trading capabilities will extend the Company's global presence, which includes a new office in Singapore, to capitalize on value creation strategies in spot trading, contracts of affreightment, and time charter in/out, among others.
Through its subsidiaries, the Company operates a fleet of ten self-unloading bulk carriers, including eight River Class vessels and one River Class integrated tug/barge unit, and three conventional bulk carriers, of which one is operated under a contract of affreightment.
The Target has entered into a 50: 50 joint venture agreement (the "JV Agreement") with a Hong Kong company, Waibert Navigation Company Limited ( "Waibert"), to form a new company (the "JV Company") focusing on vesselsownership and provide coal shipment logistics services for contract of affreightment ( "COA") providers either domestically within the PRC or globally.
These two vessels operate on a government contract of affreightment that takes up slightly more than 50\% of their capacity.