affreightment

affreightment

      contract for carriage of goods by water, “freight” being the price paid for the service of carriage. Such contracts are of immense importance to the world economy, forming the legal structure of the arterial traffic of the oceans.

      Essentially, such a contract is an agreement between two parties, the carrier and the shipper. The carrier undertakes to carry the goods to a specified destination, and the shipper to pay the freight. There are two basic forms: the charter party, engaging the whole capacity of the ship for a single voyage or for a period of time, and the bill of lading (lading, bill of), which is a receipt for goods taken on board for carriage. See also charter party; lading, bill of.

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Universalium. 2010.

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Look at other dictionaries:

  • affreightment — index carriage Burton s Legal Thesaurus. William C. Burton. 2006 affreightment …   Law dictionary

  • Affreightment — Af*freight ment, n. [Cf. F. affr[ e]tement.] The act of hiring, or the contract for the use of, a vessel, or some part of it, to convey cargo. [1913 Webster] …   The Collaborative International Dictionary of English

  • Affreightment — Admiralty law History …   Wikipedia

  • affreightment — /afreytmant/ A contract of affreightment is a contract with a ship owner to hire his ship, or part of it, for the carriage of goods. The Fred Smartley, Jr., C.C.A.Va., 100 F.2d 971, 973. Such a contract generally takes the form either of a… …   Black's law dictionary

  • affreightment — /afreytmant/ A contract of affreightment is a contract with a ship owner to hire his ship, or part of it, for the carriage of goods. The Fred Smartley, Jr., C.C.A.Va., 100 F.2d 971, 973. Such a contract generally takes the form either of a… …   Black's law dictionary

  • affreightment — noun The act of hiring, or the contract for use of, a vessel, or some part of it, to convey cargo …   Wiktionary

  • affreightment — hiring of a vessel Nautical Terms …   Phrontistery dictionary

  • affreightment — n. renting of cargo ships …   English contemporary dictionary

  • affreightment — af·freight·ment …   English syllables

  • affreightment — /əˈfreɪtmənt/ (say uh fraytmuhnt) noun a contract made by a shipowner to carry goods for payment. {obsolete affreight (from French affréter, remodelled on freight) + ment} …  

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