What is contract of affreightment?


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A contract for the carriage of goods by sea is called a contract of affreightment. It is an agreement whereby the ship owner undertakes either to carry the goods by water or to supply a ship for the carriage of goods by water in consideration of a price called “freight”. A contract of affreightment is of two kind.

  1. Charter-Party            and
  2. 2. Bill of Lading

 


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