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Things to Consider While Hiring a Ship Broker

Posted On : Jan-04-2012 | seen (308) times | Article Word Count : 432 |

A ship broker acts as an intermediate person between a ship owner and a buyer. Main role of the ship broker is to carry out all the procedures during the sales or purchase of the ship.
A ship broker acts as an intermediate person between a ship owner and a buyer. Main role of the ship broker is to carry out all the procedures during the sales or purchase of the ship. He also involves in selling out vessels, tankers and also takes care of the transportation of commodities through sea. Moreover, a maritime broker also prepares insurance policy, embarking and debarking of the ship. He takes care of every step during the procedure and he will take care of the complete deal from start to end. A professional ship broker will negotiate contract terms, provides counseling services whenever someone needs to buy a ship or vessel. Even though there is no specific qualification required he must be a professional who is capable of performing any complicated deal smoothly.

If you want to hire a reliable broker then you have to take few things into consideration.

(a)Broker must work for long hours and during weekends

Before you hire a broker, ensure whether the broker works for long hours especially he may possibly needed to work during public holidays and weekends. There is no specific time to complete the ship deal so the broker must be ready at any time based upon the client’s requirement.

(b)Educational qualification

High school education is more than enough for an s & p broker however a ship broker must have adequate knowledge in handling any type of deals and contracts. There is no better master than experience and a ship broker with years of knowledge can easily handle any type of deals. There is no specific qualification needed for a broker but there are many renowned institutes which provide courses for ship brokers where they can join and have formal education. A professional ship broker must go through the various resources available online for ship brokers and this will provide them expertise to carry out any tasks easily.

(c)Trustworthiness and hardworking

Next important thing which has to be taken into consideration is reliable and trustworthiness. A reliable broker can help you to close the deal at the minimum possible rate. If possible ask the customers who have previously hired the broker and this will give you an overall idea about the broker. Hire him if he is reliable or choose someone else who is honest and trustworthy.

(d)Check for specialization

There are brokers who are specialized in certain tasks, For instance, few brokers are expert in carrying out the transportation of goods while some others are specialized in purchase and sales of ships.

Article Source : http://www.articleseen.com/Article_Things to Consider While Hiring a Ship Broker_128425.aspx

Author Resource :
Ship brokers can easily carry out sales and purchase of ships. Selling ships is now made easier through maritime brokers.

Keywords : Ship brokers, Selling ships, maritime brokers, s & p broker,

Category : Business : Business

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