How does it work?
1. Searching for opportunities: the broker consults offers and requests to buy/sell or charter vessels available on the market.
2. Contract negotiation: this involves negotiating the terms of the contract with the parties involved, whether buyer, seller or charterer. He works to find an agreement that benefits all parties.
3. Monitoring of operations: the broker monitors operations during the execution of the contract. This includes monitoring the vessel during transport and communicating with the various parties involved to ensure compliance with the terms of the contract.
4. Dispute management: in the event of a problem or dispute, the broker intervenes to resolve the situation. He uses his mediation skills to find amicable solutions and protect the interests of his shipowners.
5. Documentation: the shipbroker is also responsible for managing documentation relating to the sale, purchase or charter of the vessel. This includes contracts, invoices, etc.
Work tools?
1. Management software: shipbrokers use software to manage sale/purchase or charter opportunities, based on the vessels they know.
2. Database: it has access to databases to consult market offers and requests, fares and the availability of each vessel.
3. Network of contacts: an essential tool for a broker is his network of contacts, including shipowners, classification societies, other brokers, partners, etc...
4. Communication tools: they use a variety of tools such as the telephone, email, travel and trade fairs to keep in touch with their customers and partners.
Who is he working with?
1. Shipowners: the broker works with shipowners who wish to buy or sell a vessel.
2. Port agents: they work with the agents to ensure the smooth running of operations such as putting the vessel on dry land or moving it around the port.
3. Partners: shipbrokers work with partners such as banks, architectural firms, shipyards, equipment suppliers, etc.
4. Other brokers: the broker may collaborate with other brokers to obtain the best offers and opportunities for its shipowners.
In short, shipbrokers work closely with various players in the shipping industry, using a range of tools and resources to facilitate transactions and ensure that operations run smoothly.