Interviewer And Interviewee Guide

Logistics Engineering Interview Question:

Tell me what is affreightment?

Submitted by: Muhammad
Affreightment is a contract between ship owner and merchant, where ship owner provides or rented the space in the ship to the merchant for an agreed amount and for a specific period. In this contract, merchant is liable for the payment whether or not the ship is ready for the shipment.
Submitted by: Muhammad

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