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Topical Terminology > "Affreightment, Contract Of "



1 Definition

"Affreightment, Contract Of "

For "Affreightment, Contract Of " we have a term and definition in Shipping.



"Affreightment, Contract Of " (Shipping)

"An agreement by a steamship line to provide cargo space on a vessel at a specified time for a specified price to accommodate an exporter or importer, who then becomes liable for payment even if he is later unable to make the shipment."
AFREXIMBANKAfrican Export-Import Bank -


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