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An agreement by an ocean carrier to provide cargo space on a vessel at a specified time and for a specified price to accommodate an exporter or importer.

Related Terms

AFT

Back of the vessel.

ASTERN

A backward movement of a vessel

ATHWARTSHIP

Across the ship, at right angles to the fore-and-aft centerline

BULK CARGO

Cargo such as oil, coal, ore, woodchips, etc. not shipped in bags or containers

UPBOUND

A vessel traveling upstream.

BEAM

The width of a ship. Also called breadth.

BREADTH

The width of a ship.

TRAMP FREIGHTER

A cargo ship engaged in the tramp trade.

AFFREIGHTMENT

A hiring of a vessel

CAPACITY PLAN

A plan outlining the spaces available for fuel, cargo, ballast, fresh water, etc, with guides on weight and volume for spaces at various drafts and displacements
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