Ship Broking Process

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SHIP BROKING PROCESS FIXTURE POST FIXTURE PRE-FIXTURE • Contacting the right ship • Post-Fixture – Loading • First and foremost, owner and starting the process Shipbroker need to gather of negotiation. • To ensure that the following information from charterer/ship-owner has the charterer before going • Depending on the current nominated an agent at the into the market. state of the ports ensure that the load market, shipbroker could get port agent has received the • Charterer’s & Shipper’s the right vessel and rate nomination from ship-owner background. required. in order to nominate the ship with the port monitor the • Type of cargo, quantity, • Indentifying the right agents, stevedores, shipper, stowage factor. ship/rate, anroker send the cargo movement on a daily ship owners initial rate offer to basis. • Loading & discharging ports. the charterers. • Monitor that the bills of • If the rate offer is to interst of lading drafts are confirmed • Loading and discharging in time rates according to charterer, then to get ship Charterer’s sales contracts. owners complete terms and conditions and forward to • Monitor and report loading charterer for review. speed, loading berth, • Commission details weather conditions etc on a • Charterer may agree to the daily basis. • Laycan (shipment date) terms or may wish to make some changes which then • Ensure that the ship-owner communicate with the ship and charterer are informed owner for their confirmation daily about current stage of loading process. • Once an agreement has been reached, then to advise the • Check NOR+SOF upon ship’s details including ships completion of loading and certificates (where required) find out to the charterer. if demurrage occurred or not. • The final fixture recap is • Receive, check & send freight prepared and confirmed with invoice both parties. • Post-Fixture – Discharging • Get timely confirmation that all subs lifted. • Ensure that the payment of freight and commission is • Charter party is signed by both done (get the swift copy etc parties. etc)ensure that the discharge port agent receives the nomination together with • The fixture is now complete. ETA. • Monitor the ships ETA to discharge port and discharging prospects/queue on a daily basis till berthing. • Monitor and report discharging process, holidays, weather conditions etc. • Check NOR+SOF, if there is demurrage. • Do final calculations of discharge port demurrage and its payment control. .

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