Ship Brokerage
Crude Oil and Refined Product Tankers
Ship Brokerage
Core Functions
Matching vessels with cargo requirements
Identifying suitable tankers for crude oil or refined products transportation.
Charter negotiations
Negotiating freight rates, charter party terms, demurrage clauses, and voyage conditions.
Market analysis
Monitoring global freight markets, tanker availability, and trade flows.
Execution of charter agreements
• Coordinating documentation and ensuring compliance with maritime and commercial standards.
• Taking position as despondent owners and commercial operators bridging the owners and charterers on charter parties ensuring seamless operations and communications between both parties
Typical Tanker Segments
- VLCC (Very Large Crude Carrier) for long-haul crude transportation
- Suezmax and Aframax tankers for regional and intercontinental crude trades
- LR and MR product tankers for refined petroleum products such as gasoline, diesel, and jet fuel
Successful brokerage requires strong relationships with shipowners, chartering departments, trading houses, and oil majors worldwide.