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INVITATION TO BID AND TERM OF REFERENCE (TOR) Contract of Affreightment (COA) Vessel Procurement 5 (five) Sets Satgas White Oil Laycan 0708 July 2023 No. 2336/PIS6210/2023S7 Date: 09 June 2023LEMBAR

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How to fill out contract of affreightment coa

01

Review the terms and conditions of the contract of affreightment (COA) to understand the rights and obligations of both parties.

02

Fill in the details of the shipper and the carrier including names, addresses, and contact information.

03

Specify the goods being transported, including quantity, description, and any special handling instructions.

04

Include the agreed upon freight rates and payment terms.

05

Outline the responsibilities for insurance, risk of loss, and any additional charges or fees.

06

Have both parties sign and date the COA to make it legally binding.

Who needs contract of affreightment coa?

01

Exporters and importers who regularly transport goods via ocean freight.

02

Shipping companies and carriers looking to secure long-term transportation agreements.

03

Freight brokers and logistics companies coordinating shipments on behalf of clients.

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What is contract of affreightment coa?

A contract of affreightment (COA) is a legal agreement between a shipper and a carrier that outlines the terms for the transportation of goods over a specified period, often covering multiple shipments.

Who is required to file contract of affreightment coa?

Typically, the shipper or the entity arranging for the transportation of goods is required to file the contract of affreightment (COA).

How to fill out contract of affreightment coa?

To fill out a contract of affreightment (COA), parties must provide details such as the names and addresses of the shipper and carrier, descriptions of the goods, shipping routes, payment terms, and duration of the contract.

What is the purpose of contract of affreightment coa?

The purpose of a contract of affreightment (COA) is to establish the rights and obligations of the parties involved in the transportation of goods, ensuring clarity on issues such as delivery timelines, liability, and payment terms.

What information must be reported on contract of affreightment coa?

Information that must be reported on a contract of affreightment (COA) includes shipper and carrier details, cargo description, handling instructions, shipping schedules, payment terms, and any specific conditions or clauses relevant to the shipment.

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