'There is a compelling need and urgency to grow the real sector of the economy for value addition to the mineral and agricultural resources to ensure continuous cargo generation for
affreightment.'
Supreme Court never said contracts for
affreightment are the only
1 July 2011 - Danish dry cargo and tanker company D/S Norden (CPH: DNORD) has entered a multi-year contract of
affreightment (COA) on transport of salt from Chile to the American east coast, the company announced in its corporate magazine today.
Odd as that may seem, most claims are adjusted via the insertion, usually by reference, of the York-Antwerp Rules (Association of Average Adjusters 2003-10) into ocean bills of lading, contracts of
affreightment, other contracts of carriage, and marine insurance policies.
Moreover, a large part of the fleet of SCIL is on time charter and/or contract of
affreightment (COA) contracts, which are relatively stable as compared to spot charter deployment.
4 Article 287 of the Maritime Law reads as follows (quoted translation): "The following claims shall not be heard if opposed and in the absence of lawful excuse: 1- Claims arising out of a marine contract of
affreightment after the expiry of a period of one year from the date of delivery of the goods or from the date on which the goods should have been delivered."
The Target has entered into a 50:50 joint venture agreement (the "JV Agreement") with a Hong Kong company, Waibert Navigation Company Limited ("Waibert"), to form a new company (the "JV Company") focusing on vesselsownership and provide coal shipment logistics services for contract of
affreightment ("COA") providers either domestically within the PRC or globally.
Qatar Petrochemical Company (Qapco), a subsidiary of Industries Qatar, has signed a contract of
Affreightment (COA) with the gas shipping Norwegian company Norgas Carrier for shipping Ethylene.
It also has 1-3 years Contract of
Affreightment for the transport of liquid chemical, vegetable oils, and asphalt.
The majority of the USS fleet is on long-term time charters or contracts of
affreightment with major oil and chemical companies based in the United States.
The drivers, who work in the company's Spot
Affreightment Division, say they will picket the Ellesmere Port depot until their demands are met.
