Differences and similarities between traditional freight forwarders, NVOCCs and chartering brokers

1. Freight forwarders according to the instructions of the customer, for the benefit of the customer and the solicitation of goods for the person, the person is not the carrier.

2. NVOCC, that is, open the bill of lading for ocean transportation, pay 800,000 deposit or buy 30,000 liability insurance can be.

3. Charter broker, can be understood as a charter. Personally, I think the charter broker is a little more difficult.

Charter brokers, on behalf of the shipowner or charterer in the charter market and the other side of the charter business negotiations and facilitate transactions, and ultimately to draw up a contract and sign on behalf of their clients. Often on behalf of the shipowner and the charterer at the same time to talk about chartering business, at this time he has actually become the shipowner and the charterer of the middleman. After the completion of the chartering business, the shipowner should pay his brokerage commission. By convention, on behalf of the charterer's brokerage commission is also paid by the shipowner, chartering broker and the principal of the relationship between the constraints of the agency law in various countries.