Modern solutions in logistics need a modern approach in operations and that is where the Chowgule Brothers’ Shipbroking and Chartering Services come into the picture. They revolutionise the entire process being one of the trusted shipbrokers in India. Today’s fast-paced world is on the lookout for the fastest and the most reliable means of getting their products or goods shipped from one place to another. Supply chain management companies, as well as the users, find themselves at an advantage by using the shipbroking and chartering services that are available today.
Today, we throw some light on the difference between a shipbroker and a ship charterer. The entire shipping process usually involves a few people or entities. They are a ship-owner, the cargo owner, the charter party, a charterer and a shipbroker. Let us simplify things by first understanding the chartering process.
The role of a ship charterer is to decide on the best possible route to ship the goods of the end consumer. The ship charterer also needs to come up with a cost which if not the actual, at least an estimated one of the transit for these goods from source to destination. The role of ship charterers goes very deep as they make sure that they take care of the transit and safety of the goods and crew involved in the entire shipping process. They need to follow the best cargo practices in order to ensure that no legal or transportation glitches arise. Ship charterers play an important part in the transit of dry bulk oil, gas and general purpose.
The question that now arises is where do shipbrokers get involved? The job of shipbrokers is to make sure that they bring together all the ship owners and charterers together. They then enter into an agreement called the fixture. A commission is given to all the brokers involved in this deal based on the gross freight or hires that have been earned by the shipowner in all. A shipbroker could be a part of an institution or a separate company each with the expertise of their own. The role of the shipbroker is also extensive and needs to have knowledge of the various types of charters like time charter, voyage charter, bareboat charter. It is estimated that there could be over 40000 ships available to transfer cargo in the year 2017 as per global trade estimates, two years down the line the figure has surely gone up.
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Today, shipping companies need to work with serval instruments all along the way in order to execute the best possible route for navigation and the safest means of transit by mitigating losses to their company and clients as well. The benefits of a clean secure deal get passed on to all those involved in the process.
We can sum up by identifying the main difference between a shipbroker and a ship charterer and that is the shipbrokers is not responsible any liabilities that may be involved along the way but a ship charterer shares pretty much the same responsibilities and liabilities of a shipowner.
Happy shipping with Chowgule Brothers’ Shipbroking and Chartering Services. We hope to serve you as one of your best options when it comes to shipbroking companies in India and shipping agents in Goa.
