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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 ...
Once a broker is booked, the broker's job is to find a carrier, which is the individual or company that actually employs drivers and operates the car transport equipment. Brokers are employed because they have access to freight load boards , where they can post the job and find carriers that have transportation resources in the area.
If a shipper in the United States uses a broker, freight forwarder or another transportation intermediary, it is common for the shipper to receive a copy of the carrier's Federal Operating Authority. [8] Freight brokers and intermediaries are also required by Federal Law to be licensed by the Federal Highway Administration. Experienced shippers ...
A shipping expert says there have been about 70 fires reported in the last five years on container ships, separate from vehicle vessels such as Felicity Ace.
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]
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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 ...
Insurance brokers can help take the pain out of shopping for a new policy. Instead of comparing several options from dozens of insurers on your own, a broker will do this work on your behalf.