Tuesday, March 8, 2016

What is Affreightment, Consignor, ShipOwner?

Affreightment: 

A contract to carry goods by SEA is called the contract of affreightment. So, if there is an agreement happens in between two parties regarding carrying their goods by SEA, we would be calling it an Affreightment. There are two parties involved in such a contract such as,

  • Consignor: 


Consignor is the seller, or the sender who sells product to buyers through the carrier, or who sends goods to the buyer through ship owner or carrier.

  • The Ship Owner:





The ship Owner is the carrier who would be getting such provided goods back to the buyer. 


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