Chartering (shipping)
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Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty. The three main t
BBC Chartering
Affreightment
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Affreightment is a legal term relating to shipping.
Chartering (shipping)
…sometimes crewed by an employee of the owner. At the end of the hire period, the charterers are expected to pay for the fuel that was used. A contract of affreightment is not strictly a charter contract but is somewhat similar to a voyage charter. Under a contract of affreightment, the shipowner undertakes to carry a…
A bill of lading (1886)