Charterer and shipbroker Anatomy of shipping Charterer and shipbroker

Group members Syaidati shafea syafeqah Muhd azmi arif Muhd nazirul syazwi Nur izzati

Definition of charterer A party who charter the vessel for period of time Person who are interested towards the vessel They usually will come to see charter party It is based on charter party or charter hire Example : reserve bas, boat and mode of transportation

Definition of shipbroker Specialist intermediaries and negotiator between ship owner and charterer who use ships to transport cargo or between buyers and sellers of ship INTERMEDIARIES PERSON IN ORDER TO GET OR PURCHASE VESSEL

Function of charterer Hire ships or space on ships Collaborate WITH OTHER PARTIES : SHIPBROKER, SHIPOWNER, CHARTER PARTY SHIP CHARTERER NEED TO KNOW ABOUT TARGET MARKET

Function of shipbroker INTERMEDIARY TO GET OR PURCHASE VESSEL NEGOTIATE PRICE TO GET BEST PRICE MULTITASKING PERSON : act as accountant Shipbroker will get address commission

Difference charterer and shipbroker CHARTERER IS USUALLY CHARTER OR RENTAL THE VESSEL FOR PASS THE CARGO It has three type of charter parties -The time charter -The voyage Charter -The bareboat charter BROKER ARE ONLY SALE OR PURCHASED THE VESSEL THAT HAVE 3 TYPE OF BROKER -DRY CARGO BROKING -TANKER BROKING -CONTAINER BROKING

Conclusion Charterer – person who is charter vessel or slot Shipbroker – intermediary people between for purchasing vessel The broker is involved in many stages of a deal They related & need to collaborate to improve efficiency of shipping industry

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