affreightment
noun
af·freight·ment
a-ˈfrāt-mənt,
ə-
plural -s
: a mercantile lease of a vessel under which it remains in charge of the owners
also : the act of hiring a vessel under such a lease compare charter sense 5
Word History
Etymology
modification of French affrètement, from affréter + -ment
First Known Use
1664, in the meaning defined above