A more thorough explanation:

A charter of affreightment is a contract between a shipowner and a cargo owner for the transportation of goods. It is also known as affreightment.

For example, a company may charter a ship to transport their goods from one country to another. The charter of affreightment outlines the terms and conditions of the agreement, including the type and quantity of goods to be transported, the route, and the payment.

This type of contract is commonly used in the shipping industry and is important for ensuring that goods are transported safely and efficiently.