Legal Definitions - ship broker

A ship broker is a person who acts as an intermediary between a shipowner or charterer and a shipper. They are responsible for negotiating the purchase and sale of a ship.

• A ship broker may be hired by a shipowner to find a suitable charterer for their vessel.
• A ship broker may be hired by a charterer to find a suitable vessel for their cargo.
• A ship broker may negotiate the terms of a charter party agreement between the shipowner and charterer.

These examples illustrate how a ship broker acts as a middleman between the parties involved in the shipping industry. They use their knowledge and expertise to facilitate the transaction and ensure that both parties are satisfied with the outcome.