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Sunday, March 14, 2010

Contract Of Affreightment

A contract of carriage of goods by sea is called as contract of affreightment. It is a contract by which a shipowner under takes to carry the goods of another in consideration of a price called "Freight". A contract of affreighment may take the form of charter party; or a bill of lading. The rights and liabilities of powers to such a contract are ground by the carriage of goods by Sea Act 1995 and the Bill of Lading Act 1856.

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