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They collected the freight on vessels brought into port and took an active hand in the management of all business matters between ship-owners and merchants, whether shippers or consignees, for which they were paid a fee. In major British ports, ship-brokers were also usually insurance-brokers. [1]
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On October 7, 2015, Burton Greenberg of Plantation, Florida, and Bruce Kane, an Ithaca, NY, CPA but resident of Fort Lauderdale, Florida, were arrested by the FBI for a 9-year Ponzi scheme that swindled investors out of over $10 million. The scam was operated under the name "Global Financial Fund 8, LLP".
A shipping agency, shipping agent, or ship agency is the term used to refer to the appointed companies that handle operational and procedural (legal) requirements for a commercial vessel's call at a port for the purposes of cargo handling (loading/discharging), emergency calls, repairs, crew changes, or ship demolition, and protect the general interests of their principals on behalf of ship ...
John J. McMullen Associates, Incorporated (JJMA) was a naval architecture firm in the United States, specializing in ship design and marine-related technical consulting between 1957 and 2005. Founded in 1957 in New York City by Dr. John J. McMullen , JJMA developed a strong reputation in commercial ship design and management of ship ...
The Institute of Chartered Shipbrokers (ICS) is a professional and learned society for all members of the commercial shipping industry worldwide. After being founded in 1911 in London, the ICS was granted a Royal Charter in 1920. [2] The Institute is the only internationally recognised professional body in the commercial maritime sphere. [3]
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In a lawsuit, Eliot Spitzer, then New York State’s attorney general, accused Marsh of not serving as an unbiased broker, leading to increased costs for clients and higher fees for Marsh. In early 2005, Marsh agreed to pay $850 million to settle the lawsuit and compensate clients whose commercial insurance it arranged from 2001 to 2004. [13]