Marine & LogisticsVerified
COA meaning in oil and gas
COA means Contract of Affreightment. The contract between a ship-owner and the charterer, by which the ship-owner agrees to carry goods of the charterer in his ship, or to give to the charterer the use of the whole or…
Definition
Contract of Affreightment
The contract between a ship-owner and the charterer, by which the ship-owner agrees to carry goods of the charterer in his ship, or to give to the charterer the use of the whole or part of the cargo-carrying space of the ship for the carriage of his goods on a specified voyage or voyages or for a specified time.