anatomy of shipping charterer and shipbroker. group members syaidati shafea syafeqah muhd azmi arif...

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 SHIPBROKERCHARTERER IS USUALLY CHARTER OR RENTAL THE VESSEL FOR PASS THE CARGOIt has three type of charter parties-The time charter-The voyage Charter-The bareboat charter

BROKER ARE ONLY SALE OR PURCHASED THE VESSELTHAT 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

THE END