Logistics Engineer Question:
Tell me what is affreightment?

Answer:
Affreightment is a contract between ship owner and merchant, where ship owner provides or rented the space in the ship to the merchant for an agreed amount and for a specific period. In this contract, merchant is liable for the payment whether or not the ship is ready for the shipment.
Previous Question | Next Question |
Do you know how to organize storage area for bulk items? | Tell me what is cross docking? |