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You are here: Home / glossary / Bonafide

Bonafide

Bonafide

Created OnFebruary 7, 2018
byCult of Sea
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“Good faith”. This is a legal term that comes from the Latin language and suggests honesty or sincerity. For example, in negotiations for a charter fixture, one side must give bona fide information about the ship or the cargo to the other side.

 

 

Related:

  • Arrived ship
  • Dreadage or Dreading Clause
  • COA (Contract of Affreightment)
  • Cargo Capacity
  • Ballast bonus (BB)
  • Grab discharge

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