Examples of Contract of Affreightment in a sentence
Notwithstanding terms of sale and other considerations or agreements, cargo in transit on Lynnterm is under the control of the Vessel involved and subject to the full force and terms of its Bill of Lading or Contract of Affreightment until loaded on board, released by acknowledgement of delivery or released to and accepted by Western Stevedoring for other custody.
Case Studies and Latest Updates Unit 2 Export Sales Contract in International Logistics (8 Hours)Constituents of the Export Sales Contract, Contract of Affreightment: Terms of Delivery & Incoterms standards.
Allocation or adjustment of this charge will be made solely by the parties to the Contract of Affreightment, in accordance to its terms.
However, if Charterer has exercised said option to cancel any two or more liftings, the Charterer shall upon the third or any subsequent canceled lifting have the right to cancel this Contract of Affreightment altogether at no cost to the Government in accordance with III(l) (Cancelling) herein.
The term "Contract of Affreightment" refers to tariff rate, charter party, ocean rate or any other rate arrangements under which the vessel transports cargo.