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Tanker brokers specialize in the chartering of tankers, which requires a different set of skills, knowledge and contacts from dry cargo broking. Tanker brokers may specialize in crude oil, gas, oil products or chemical tankers. Tanker brokers similarly negotiate maritime contracts, known as charter parties.
The maiden voyage of the new tanker system was made on board the Freddy. This was the prototype for the "parcel tanker", a further development on the idea by Stolt-Nielsen. [2] Stolt-Nielsen leveraged his invention into his work as a ship broker, [3] and in 1959 Stolt-Nielsen officially became a ship owner with his purchase of the Stolt Avance. [4]
When inspectors audited Allied's facilities, the company would transfer the same oil stock from tank to tank to fool the inspectors while entertaining them during lunch. [4] In all, Allied posted 1.8 billion pounds (820,000 t ) of soybean oil as collateral to fraudulently obtain $180 million in loans, when the actual stock was a mere 110 ...
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BP Plc, which chartered the vessel, said it submitted a waiver request with the U.S. customs service on Sept. 20 to allow for the diesel to be diverted from its original destination to Puerto Rico ...
LONDON (Reuters) -A tanker containing liquefied natural gas (LNG) that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away ...
Co-brokering is a legal practice used to ensure there is an available truck to transport freight. A 4PL may use a 3PL broker to match loads with trucks, with a shippers knowledge. The primary broker will take a lesser amount of the fee and the secondary broker will book the load for transport receiving a larger share of the same fee. [7]
A broker understands international trade conditions, the movements of goods, market prices and the availability of the owner's ships. The Baltic Exchange, in London, is the physical headquarters for tramp ship brokerage. [1] The Baltic Exchange works like an organised market and provides a meeting place for ship owners, brokers and charterers.