Chartering brokers. Chartering brokers act as intermediaries between shipowners seeking employment for their vessels and charterers-requiring the services of a ship.
It is the duty of the charterers’ brokers and the owners’ brokers to carry on the negotiations on behalf of their respective principals and to bring them to a conclusion.
The contract between the shipowners and the charterers is usually drawn up for signature by the charterers’ brokers, seeing that charterers very often have their own forms (“charterer’s proforma” C/P as it is termed in fixture telexes and other communications) as well as certain terms and conditions peculiar to their own business.
In practice the terms “chartering agents” and “chartering brokers” are used very loosely and generally signify any broker who quotes an order, exclusively or otherwise.