Good Question from one of the readers.
Answer. Once the freight has been paid and you the shipbroker have invoiced the shipowner. Give the shipowner 30 days to settle your commissions.
If you are worried about getting the brokerage frm a particular shipowner many shipbrokers ask their 'friendly' charterers, to deduct this amount from the frieght payment and then collect the money from the charterer.
So lets say that total freight is USD 1,000,000
Brokerage USD 12,500.
Owners total revenue is USD 987,500 (thanks gary)
Instead - Ask the charterer to only send the onwer USD 987,500 and to send you the shipbroker the USD 12,500 owing (from the owner). This happens all the time. Sometimes the owner gets cranky because they want to control the flow of money. In reality the charterer should have no problem with this.
- The Virtual Shipbroker
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