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Contract OF Affreightment: BY Capt. K. Kumar

A contract of affreightment (COA) is an agreement between a charterer and ship owner or disponent owner to transport a stated quantity of named goods between specified places over a specified period of time using vessels of a certain type and size. The COA clearly defines the goods to be carried and total period, as well as a stated minimum or maximum quantity to be loaded each voyage, with a more or less option. The COA is based on a standard charter party with additional rider clauses and may be supplemented by separate voyage charter parties for each voyage. COAs are used by operators who charter ships on each voyage as they do not have their own fleet.

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393 views6 pages

Contract OF Affreightment: BY Capt. K. Kumar

A contract of affreightment (COA) is an agreement between a charterer and ship owner or disponent owner to transport a stated quantity of named goods between specified places over a specified period of time using vessels of a certain type and size. The COA clearly defines the goods to be carried and total period, as well as a stated minimum or maximum quantity to be loaded each voyage, with a more or less option. The COA is based on a standard charter party with additional rider clauses and may be supplemented by separate voyage charter parties for each voyage. COAs are used by operators who charter ships on each voyage as they do not have their own fleet.

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sabeer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CONTRACT

OF
AFFREIGHTMENT
BY
CAPT. K. KUMAR

WHAT IS COA ?

o CONTRACT TO SATISFY A LONG TERM


NEED FOR TRANSPORT
o AGREEMENT BETWEEN ;
a) CHARTERER & SHIP OWNER
b) CHARTERER & DISPONENT OWNER

WHAT AGREEMENT ?
FOR CARRIAGE OF
a) STATED QUANTITY
b) NAMED GOODS
c) BETWEEN SPECIFIED PLACES
d) OVER SPECIFIED PERIOD OF TIME
e) BY VESSELS OF TYPE + SIZE
f) NOMINATED BY OWNERS

OBLIGATIORY

o THE GOODS TO BE CARRIED AND

TOTAL PERIOD ARE CLEARLY DEFINED


o STATED MINIMUM/MAXIMUM

QUANTITY TO BE LOADED EACH


VOYAGE
o MORE or LESS OPTION AVAILABLE

DOCUMENT

o BASED ON STANDARD CHARTER PARTY


WITH RIDER CLAUSES ADDED
o MAIN COA DOCUMENT MAY BE
SUPPLEMENTED BY SEPARATE VOYAGE
CHARTER PARTIES RELATING TO EACH
VOYAGE

WHEN + WHO USES


OPERATOR WHO HAS NO FLEET
OF HIS OWN , HE CHARTERS
SHIPS IN EACH VOYAGE.

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