Shipbroker’s Role In Negotiating And Fixing Charterparties

Chartering forms the most important method of employing a ship and there is a world-wide network of brokers involved in chartering vessels. Traditionally, these brokers may work as owners’ brokers, charterers’ agents or as competitive brokers. In London, this distinction is not so clear, as most charterers put their business out through several brokers, so a large charterer may employ a number of brokers. Owners frequently have the brokering function in-house, hence the term ‘house broker’.