Shipbroker. The shipbroker acts as an intermediary between charterers, shippers and consignees of cargo on one side and the shipowners or carriers by sea on the other. The principal functions of a shipbroker are:
(a) Fixing of carters for cargo liners and tramp vessels (chartering brokers)
(b) Acting as chartering agents for large trading concerns
(c) Negotiating the sale or purchase of ships.
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