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Ship Broking

For import and export cargos ships are arranged on freight basis for cargos purchased by various PSUs who are on FOB (FREE ON BOARD). Ministry surface transport has got a chartering wing for chartering cargos on FOBS headed by director of chartering. They have enlisted brokers for chartering ships on fob basis. They register qualified brokers for chartering daily meetings are held to announce the cargos for ships. Chartering brokers submit their petitions on behalf of the ship owners who can give the ship for lifting the cargos on specific dates on reasonable freight rates. Daily the transchart meetings the controller of chartering on behalf of the government announce the freight rate for the cargos.