160. Contracts of affreightment generally.

A contract for the carriage of goods in a ship is called in law a contract of affreightment. In practice these contracts are most often expressed in a document1 such as a charterparty2, a bill of lading3, a through or combined transport bill of lading4, a sea waybill5 or a booking note6.

The term 'contract of affreightment' is also used in the market to refer to long-term arrangements between shipping lines and cargo-interests providing for the supply by the former to the latter of shipping space on several vessels over a long period of time, the use of each vessel