Contract of Affreightment (COA)

What is Contract of Affreightment?

Contract of Affreightment is an agreement between a charterer and a shipowner, where the shipowner agrees to transport specific number of goods for the charterer at a specified period.

Under this agreement, the charterer is obligated to pay the freight whether the goods are ready for shipment or not.

This is an agreement that exists between a ship-owner and a charterer.

Sign up here!

January 19th

Sign up here!

November 26th