What Are Freight Brokers?---Sale&Purchase Broker (II)

(2021年04月09日)

https://www.jctrans.net/jctransNews/details-71.html

Due to the asymmetry of transaction information, the high value of ships, the lack of normative regulations, and the strong technical nature of ship trading,so the sale&purchase broker is indispensable in shipping business.
Freight broker refers to third-party professionals who specialize in ship sale, leasing, financing, and consulting services on behalf of others. As the technical and legal requirements for shipping transactions are far more complex than those of other industries, it is difficult for both parties to successfully complete the transaction. There are professional brokers to provide services, just as ordinary people must hire a lawyer to fight a lawsuit.

Shipping market segmentation has created professional brokers in different professional fields who are mainly divided into the following categories:chartering broker, sale&purchase broker, agent, insurance broker.The last blog we introduced Ship Chartering Broker,today it is about Sale&Purchase Broker.
Ship sale&purchase brokers refer to the use of their professional knowledge and skills to accept the commission of ship seller and buyer, provide technical specifications and market information of the ship, and act as the principal or agent of one of the ship buyers and sellers to negotiate ship prices, prepare ship sales contracts, arrange ship delivery, recommend maritime lawyers, and provides various technical services related to ship sales.Brokers have no right to independently conclude the contracts. Upon completion of the transaction, the sale&purchase broker may accept commissions based on the pre-agreed ratio.
The ship trading market is subdivided into the new ship ordering market and the second-hand ship trading market. The decision to buy and sell ships is determined by the top of the shipping company. It is a strategic decision of the shipping company. It involves the long-term development strategy of the shipping company. It is closely related to the global economic and financial situation, the shipping policies of various governments, and the company’s financial status.

An excellent ship sale&purchase broker is not only a market expert, but also should have sufficient ship technical knowledge and experience. Only by combining market information with the ship’s technical condition assessment can the ship’s value be assessed more accurately.

In addition, whether the ship transaction can be successfully concluded depends largely on the smooth realization of the financing plan. Therefore, many ship brokers are engaged in ship financing, investment banks, or ship fund management companies and other financial institutions.

Due to the asymmetry of transaction information, the high value of ships, the lack of normative regulations, and the strong technical nature of ship trading,so the sale&purchase broker is indispensable in shipping business.

Now It's Your Turn:
Hope this blog can help you know more about S&P Broker.Next blog will introduce the agent broker.
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