ISCO Specialization 3324.1.1 Shipbroker
From Open Risk Manual
Definition
Shipbroker: Shipbrokers act as intermediaries between buyers and sellers of ships, cargospace on ships and charter ships for the transfer of cargo. They inform clients on the shipping market mechanisms and movements, report on vessel and cargospace prices and sales, and negotiate not only the cost of the vessels, cargospace or cargo but also the logistical requirements for the transfer of the vessel or commodity cargo to the buyers.
Essential Skills
- Negotiate With Stakeholders
- Negotiate Price
- Negotiate Buying Conditions
- Consult Shipping Rates
- Liaise Between The Client And Various Transportation Services
- Handle Financial Transactions
- Manage Contracts
- Negotiate Sales Contracts
- Banking Activities
- Trade Ships
- Shipping Industry
Optional Skills
- Electronic Communication
- Oversee Shipment Routing
- Obtain Financial Information
- Provide Financial Product Information
- Trace Financial Transactions
- Ship Related Legislative Requirements
- Develop Professional Network
- Advise On Merchandise Features
- Commercial Law
- Maintain Records Of Financial Transactions
- International Commercial Transactions Rules
- Demonstrate Products' Features
- Protect Client Interests
- Distinguish Various Types Of Ships
- Economics
- Commodities In Maritime Transportation
- International Trade
Alternative Names
- Shipping Broker
