Legal Definitions - affreightment

Definition: Affreightment refers to the process of hiring a ship to transport cargo. It can also be referred to as a charter of affreightment, affretement in French law, or affrectamentum in Law Latin. A contract of affreightment is an agreement for the carriage of goods by water, which may use a bill of lading, a charterparty, or both to ship the goods.

Examples:

• ABC Company entered into an affreightment contract with XYZ Shipping to transport their goods from New York to London.
• The charter of affreightment specified the terms and conditions of the shipment, including the type of cargo, the route, and the payment.
• A contract of affreightment can be used for both domestic and international shipments.

These examples illustrate how affreightment is the process of hiring a ship to transport goods and how a contract of affreightment specifies the terms and conditions of the shipment.