Address commission fairly known as ADDCOM is a term or arrangement used by BULK chartering.Commission payable by the shipowner to the charterer, expressed as a percentage of the freight or hire. Although this commission was sought by charterers as a means of reducing the freight or hire,Further in layman language it is a commission paid by ship owner to the charterer for the reduction in fright rate, further it can be adjusted in freight or can be paid by ship owner, Actually a charterer has so many large shipping department which used to run by money and this commission will shows in book keeping or account about the money in flow.
That's really cool buddy.....Obviously the lady was logical.
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