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CHARTERINGCHARTRINGCHARTERING 101 COPYBy Akash Pise MICS
SAMPLE Contents
Players in Chartering
Different type of brokers ONLY
Type of cargo
Type of ships COPY
Cost Components
Types of Chartering
SAMPLEENDLESS POSSIBILITIES | ENDLESS SCOPE | ENDLESS INFLUENCE | 2 Players in the Chartering
Shipowner
Charterer ONLY
Shipbroker COPY Freight Forwarder
Ships Agent
SAMPLEENDLESS POSSIBILITIES | ENDLESS SCOPE | ENDLESS INFLUENCE | 3 Ship Owner
A shipowner is the owner of a merchant vessel (commercial ship) and is involved in the shipping industry. In the commercial sense of the term, a shipowner is someone who equips and exploits a ship, usually for delivering cargo at a certain freight rate, either as a per freight rate (given price for the transport of a certainONLY cargo between two given ports) or based on hire (a rate per day).
Single vessel or independent shipowners. COPY Large ship owning companies (e.g. Teekay, Frontline etc).
Pools (Navig8, TBS, UPT etc)
SAMPLEENDLESS POSSIBILITIES | ENDLESS SCOPE | ENDLESS INFLUENCE | 4 Charterers In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate.
Small firms ONLY
World trading houses (Vitol Group, Glencore, Cargill etc). COPY Governmental organisations.
Shipping companies
SAMPLEENDLESS POSSIBILITIES | ENDLESS SCOPE | ENDLESS INFLUENCE | 5 Shipbroker
Shipbroking is a financial service, which forms part of the global shipping industry. Shipbrokers are specialist intermediaries/negotiators (i.e. brokers) between shipowners and charterers who use ships to transport cargo, orONLY between buyers and sellers of vessels.
In-house brokers COPY Competitive brokers
SAMPLEENDLESS POSSIBILITIES | ENDLESS SCOPE | ENDLESS INFLUENCE | 6 Types of broker
The Owner’s Broker ONLY The Charterer’s Broker
The Competitive Broker COPY
SAMPLEENDLESS POSSIBILITIES | ENDLESS SCOPE | ENDLESS INFLUENCE | 7