Owners’ Shipbrokers work exclusively for one or possibly several tramp shipowners. Their duty is to locate the best possible cargo at the best possible freight rate for their owners’ vessels from a port as near as possible to the load ports, where those vessels are scheduled to discharge their previous cargoes. They work these vessels on either a voyage charter or a time charter basis, whichever is more advantageous for their owners within the constraints of the charterers’ requirements. Many shipbrokers work as direct shipbrokers for several owners and use broking skills in their local geographic area and time zone to cover their local market. Many owners have several direct shipbrokers spread across the globe, each of whom reports directly to the owner and each of them covers a different region and market.