TABLE OF CONTENT

Introduction-----------------------------------------------------------------------------------------page 3 The particular functions with the broker and the role they play in the chartering process---page 4-6 The various types of broker agents, and in whose interests they represent--------------------------page 7 The specialist the broker has during negotiations of the charter party---------------------pages 8-9 The roles with the organizations which the broker usually interacts-------------------pages 10-11 The function of futures agreements and alternatives contracts inside the fright market--------------page 12 Bibliography----------------------------------------------------------------------------------------page 13

INTRODUCTION

A broker can be an individual or perhaps party (brokerage form) that arranges orders between a buyer and a owner, and gets a commission payment when the deal is accomplished. A broker who also also acts as a seller or perhaps as a purchaser becomes a main party to the offer. Distinguish agent: one who functions on behalf of a principal. In general a broker is definitely an independent agent used substantially in some industries. The prime responsibility of a broker is to provide sellers and buyers together. Therefore , an agent is the third -person facilitator between a buyer and a seller. An example will be a real estate broker who assists in the sale of a property. Brokers could also furnish significant market information regarding rates, products and marketplace conditions. Brokers may stand for either the vendor (90 percent of the time) or the client (10 percent) but not both equally at the same time. A good example would be a stockbroker, who makes the sale or perhaps purchase of securities on behalf of his client. Brokers play an enormous role in the sale of stocks, bonds and other financial services.

Shipping Brokers perform a much needed position in the intercontinental shipping industry. Their job is to connect the people who have ships to individuals who need to obtain their cargo transported from a single place to an additional via dispatch. In addition , send broking is also the process of providing ships between two several shipping businesses. Most ship broking can be divided into one of four classes. The first is sale and purchase, or S& G. An S& P broker is in charge of investing ships. The ships can be bought from a shipping business, or a fresh boat coming from a boat company. An S& P broker will go over marketing developments, sales, offer advice in finances, and calculate the income for a deliver owner. They will try to find job opportunities for the ships that want them. They will help to negotiate the sale of ships among buyer and seller, and often try to sell a ship for the scrap lawn. The second thing a shipping broker might carry out is dry cargo broking. Dry shipment brokers possibly work for a shipping firm, trying to find valuables to be moved, or help a company that must transport cargo, helping these people find the best package on shipping and delivery. They are very likely to use huge databases that may contain information about wherever ships will be, who provides what support at what cost, and where the marketplaces are going so that they can find the best deal for their client. Third is tanker broking, in which tankers of oil, gas, and chemicals are chartered. The set of skills needed to promote tanker companies is totally different from that needed for offering dry freight space. Contrary to with dried cargo, the pace for commodity future trading transport is decided each year to be a single common rate, which will changes the sales energetic drastically. Finally, the last sort of ship broking is textbox broking, which specializes in the chartering of container boats. Container ships are valuables ships that carry almost all cargo in truck-sized storage units. Fixing a ship is a part of the shipbroker's job. After negotiating while using principals mixed up in deal possibly alone or perhaps with other brokerages, any shipbroker must deal with communications among the parties, draw up the details with the agreed hire party—the charterer's...

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