What does a COA specify about cargo commitment?

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Multiple Choice

What does a COA specify about cargo commitment?

Explanation:
A COA specifies a commitment to move a specific quantity of cargo within a defined time period. This long‑term freight agreement gives both sides predictability: the charterer commits to delivering a certain volume, and the shipowner commits to transporting that volume over the set timeframe. It’s about planning and securing future loading and sailing slots, not about a single voyage or a fixed price per ton as the defining feature. A crew roster isn’t part of the cargo commitment under a COA.

A COA specifies a commitment to move a specific quantity of cargo within a defined time period. This long‑term freight agreement gives both sides predictability: the charterer commits to delivering a certain volume, and the shipowner commits to transporting that volume over the set timeframe. It’s about planning and securing future loading and sailing slots, not about a single voyage or a fixed price per ton as the defining feature. A crew roster isn’t part of the cargo commitment under a COA.

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