The Roles and Responsibilities of a Ship Broking Company

A ship broking company may not always be under the spotlight, but it acts as a mediator between the demand and supply of the shipping services, act as an efficient and responsible middleman in the transaction of selling and purchasing vessels, reorder deals, buying and -selling of new and used vessels. Such activities are dependent mainly on efficient information gathering process. Nevertheless to say that this innovative way of information gathering from efficient ship brokers has revolutionized the business to a great extent.

Ship Broker Companies in Norway

  • Efficient data handling

It is not behind the curtains that personal contacts play a crucial role. Proper handling of documents and data are of major concern to a reliable broker. In the process of fixing a deal, the broker presents all available opportunities and alternative choices in a short notice to the buyer. Reversely, the broker is also responsible for identifying all the info related to the vessels’ characteristics, location etc. Selling a vessel also requires compilation of technical data, which is looked after by the ship broking firm. They identify potential buyers and keep updated records.

  • Trustworthy source of Information

A ship broking firm is usually considered as the “eyes and ears” of the buyers and sellers of vessels. The talented brokers keep a track of the shipping market very closely. Availability of the ship; its demand in the market; port position; contract concluded or failed, economic situation, government policies and several other legal aspects are closely monitored to smooth out the vessel selling and buying procedure. Along with physical networking, few ship broker companies in Norway have also embraced social media networking to expand their reach; provide richer information and more variety of vessels for purchasing and selling.

  •  Keeping updated info on market trends

There are various segments in this industry. The information and data needed to analyze the market trends for separate segments is not an easy task. The condition of the market also depends on economic scenario, climate factors, prices of oil, good or bad harvest, governmental regulations, and so on. By keeping information of all these segments under one roof, a broker reduces your hassles and worries. The brokers have their database spread across a huge range of parameters to give correct and significant info to his clients.

As per the sources, a good many number of cruise vessles, day, night, RoRo/RoPax and high ferries for sale and purchase are available at present.

  • A dispute resolver

If there is a business deal, it is not very uncommon to involve in a dispute. Although, every contract has a dispute resolution procedure, the parties involved in the contract seek help from the intermediaries to foresee possible dispute areas and initiate corrective measures. As the ship brokers forms a good rapport with the owner, they can find out formulas to offer solution to the disputes.

Hope this blog helps you find the right ship broking company to get the best deals.

Operational Code of Conduct and Maintenance Standards for Fast Ferries

High-speed ferry falls under a special category of seagoing vessels, including catamarans, hydrofoils and hovercraft. The construction, cooperation and maintenance of the commercial high-speed vessel usually have same statutory laws to that of administering other merchant shipping.

However, due to the particular issues related to their travelling speed, there are substitution and addition in regulations that look after the operational aspects of these vessels, where they carry passenger, cargo or both.

This write-up discusses the construction and maintenance standards, operational code of conduct and addresses certain matters related to high-speed ferries.


High Speed Vessels for Sale


International code of safety for high-speed craft

The International code of safety for fast ferries was created by the International Maritime Organization. IMO is the specialized agency of United Nation, accountable for improving safety at the sea and reducing pollution. The organization prepares most of the rules, regulations and standards related to the operation of passenger ferries and cargo vessels when sailing for international voyages.

The International Maritime Organization’s SOLAS Convention (Safety of Life at Sea) introduced a new chapter that came into action in the year 1996. The code was made mandatory for all high-speed vessels that were built on or after January 1st from the same year. The code is updated regularly to provide info on the latest technological developments related to high speed craft.

The UK maritime law has included this code of late through the Merchant Shipping (High Speed Craft) Regulations 2004.

Structural and construction considerations

There are detailed standards that have to be met while constructing fast ferries. All the high speed vessels for sale meet these construction criteria established by the International Code of Safety. These take into account:

  • Accommodation for crew and passenger
  • Considerations for the structure
  • Steering and stabilisation
  • Equipments and gears for safety and emergency
  • Principles of propulsion and machinery
  • Navigational equipments, radio and electrical tools

Based on these standards, ship surveys are executed and operational certificates are also issued. Several high-speed vessels faced control issues at the time of sailing across the sea, which instigated the Maritime and Coast Agency to conduct surveys and research to deal with this issue.

Get best deals on fast ferries for sale, which includes a fresh list of mono hull vessels and high-speed catamarans.

Operational code of conduct and maintenance standards

An extensive guidelines and instruction on maintenance of the vessel, which includes precautionary measures like routine maintenance, preventive inspection and modification has been mentioned in the International Code of Safety.

The code also comprises processes for reporting and recording maintenance. If vessel owners fail to follow correct procedures for maintenance, he or she would have to face legal consequences. Therefore, maintenance is of great importance when it comes to routine inspections of the vessels.

One can also get elaborate instructions to operate high-speed vessels correctly. This includes documentation, emergency instructions, safety measures and training.

There are added instructions for cargo and passenger ferries, especially for emergency procedures and training.