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affreightmentenUK
affreightment (əˈfreɪtmənt) n (Nautical Terms) a contract hiring a ship to carry goods[C19: from French affréter to charter a ship, from fret freight]TranslationsaffreightmentenUK
affreightment[ə′frāt·mənt] (industrial engineering) The lease of a vessel for the transportation of goods. affreightmentenUK
affreightment a contract by a shipowner to carry goods for the freighter. The contract will be found in a BILL OF LADING or CHARTERPARTY.AFFREIGHTMENT, Com. law. The contract by which a vessel or the use of it, islet out to hire. See Freight; General ship. AffreightmentenUK
AffreightmentAn agreement between the owner of a ship and another party whereby the owner agrees to transport the other party's goods on that ship from and to certain stated locations. Affreightment is the equivalent of a lease; that is, the ship's owner rents space on the ship for the other party's goods. |