24/08/2026
⚓ COA vs COB: Do you know the difference when it actually matters?
In commercial shipping, a small abbreviation can carry a big operational and financial consequence.
In this video, Captain Umang Thakkar breaks down COA (Contract of Affreightment) and the different contexts in which COB may appear, from Close of Business to Bunkers on Board or Cargo on Board.
You’ll learn:
🔹 What COA and COB mean in real shipping operations
🔹 Where these terms appear in charter parties and commercial discussions
🔹 How their meaning changes depending on context
🔹 Common interpretation mistakes maritime professionals should avoid
Whether you're a cadet, officer, shipowner, chartering professional or simply building your maritime knowledge, understanding commercial terminology is essential.