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The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining .
The rules for conducting an EGM and the options for altering a resolution at an EGM or for taking proxy votes will vary from one organisation to another. In some settings, this is known as a special general meeting or an emergency general meeting.
It can also include the business and commercial management of a vessel, such as its chartering and financial administration. [2] As long as companies who comply with the characteristics above, they can classified as a ship manager and their duties are based on the pre-agreed and trust relationship with the ship owners.
The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
Consignment (Latin: consignatio, meaning "securitization" or "document") is a traditional legal and accounting technical term for logistics and business management and describes a special form of delivery of goods. [5] Generally, three conditions must be met for a good to be considered part of a consignment trade:
EGM may refer to: Earth Gravitational Model; An Egg's Guide to Minecraft, a British animated web series. Electrogram, an electrical recording of an organ. Electronic gaming machine; Electronic Gaming Monthly, an American video game magazine. Empire Gallantry Medal, a British civil award. Evidence gap map, in infographics; Extraordinary general ...
A shipping agent may be a part of the bigger stevedoring business that holds the contract with the charterer or shipper or simply be a "pocket agency" affiliated with the charterer. Such agent is commonly referred to as the charterer's agent. [2] Shippers may also insist on the particular agent to handle the port call when negotiating the sale ...
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000.