← Logistics Dictionary

Contract of Affreightment (COA)

What is Contract of Affreightment?

Contract of Affreightment is an agreement between a charterer and a shipowner, where the shipowner agrees to transport specific number of goods for the charterer at a specified period.

Under this agreement, the charterer is obligated to pay the freight whether the goods are ready for shipment or not.

This is an agreement that exists between a ship-owner and a charterer.

You may also be interested in these articles

Trends

How AI Improves Route Planning

When it comes to complex tasks under dynamic conditions, the buzzwords are automation and artificial intelligence (AI). Logistics involves many ...

15. July 2025 / Reading time: ~ 4 Min.
Business

DHL Freight leads in EV logistics

DHL Freight launches Centers of Excellence for electric vehicles in Germany. As of June, four electric vehicle Centers of Excellence ...

9. July 2025 / Reading time: ~ 2 Min.