|
Shipbroking
Shipbroking is a financial service, which forms part of the global shipping industry. Shipbrokers are specialist intermediaries/negotiators (i.e. brokers) between shipowners and charterers who use ships to transport cargo, or between buyers and sellers of vessels. History In the 19th century, it was the work of ship-brokers to procure goods on freight or a charter for ships outward bound. They also went through the formalities of entering and clearing vessels at the customs-house. They collected the freight on vessels brought into port and took an active hand in the management of all business matters between ship-owners and merchants, whether shippers or consignees, for which they were paid a fee. In major British ports, ship-brokers were also usually insurance-brokers. Modern shipbroking Some brokerage firms have developed into large companies, incorporating departments specialising in shipping's various sectors, ''e.g.'' Dry Cargo Chartering, Tanker Chartering, Container Ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeffrey Richard De Corban Evans
Jeffrey Richard de Corban Evans, 4th Baron Mountevans, (born 13 May 1948), is a Peerage of the United Kingdom, British hereditary peer and shipbroker, who served as Lord Mayor of London from 2015 to 2016. Lord Mountevans represented the Cheap (ward), Ward of Cheap in the City of London as Court of Aldermen, Alderman from 2007 until 2018, serving as Sheriff of the City of London, Sheriff of London for 2012/13, then Lord Mayor for 2015/16. He sits in the House of Lords as an hereditary peer, being elected in the By-elections to the House of Lords, crossbench hereditary peers' by-election of July 2015, following the retirement of William Lloyd George, 3rd Viscount Tenby, Viscount Tenby. Biography The younger son of Richard Evans, 2nd Baron Mountevans, Richard, 2nd Baron Mountevans, he succeeded to the family hereditary peerage, title in 2014, upon the death without issue of his elder brother Broke, 3rd Baron Mountevans. Previously Style (form of address), known as the Hon. Je ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ernest Simpson
Ernest Aldrich Simpson (6 May 1897 – 30 November 1958) was an American-born British shipbroker, who was the second husband of Wallis Simpson, later the wife of the former King Edward VIII. Simpson served as an officer in the Coldstream Guards before becoming a shipbroker in the family firm of SSY. Background Born in New York City, Simpson was educated at The Hill School before attending Harvard University. Simpson was commissioned in the British Army, serving as a captain in the Coldstream Guards during World War I. His father, Ernest Louis Simpson, a British citizen of Jewish background whose original surname was Solomon, co-founded the global shipbroking firm Simpson, Spence & Young, trading since 1880. His mother, Charlotte Woodward Gaines, was American, daughter of a New York City attorney. His elder sister and only sibling, Maud Simpson (1879–1962), married, in 1905, Major Peter Kerr-Smiley MP. Simpson became a British subject during World War I, shortly af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Institute Of Chartered Shipbrokers
The Institute of Chartered Shipbrokers (ICS) is a professional and learned society for all members of the commercial shipping industry worldwide. After being founded in 1911 in London, the ICS was granted a Royal Charter in 1920. The Institute is the only internationally recognised professional body in the commercial maritime arena. Its members form a global network of commercial maritime professionals, including shipbrokers, Ship Owners and ship agents throughout the world. The Institute consists of 27 branches, 11 International Teaching Centres and 11 Recognised Partners in key locations across the world. Their professional network comprises 4,000 individual Members and Fellows. See also * Baltic Exchange The Baltic Exchange (incorporated as The Baltic Exchange Limited) is a Trade association, membership organisation for the Maritime transport, maritime industry, and Shipping markets, freight market information provider for the trading and settl ... * Worshipful Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Service
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panamax
Panamax and New Panamax (or Neopanamax) are terms for the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". These requirements also describe topics like exceptional dry seasonal limits, propulsion, communications, and detailed ship design. The allowable size is limited by the width and length of the available lock chambers, by the depth of water in the canal, and by the height of the Bridge of the Americas since that bridge's construction, along with the clearance under the Atlantic and Centennial Bridges since their constructions in 2019 and 2004 respectively. These dimensions give clear parameters for ships destined to traverse the Panama Canal and have influenced the design of cargo ships, naval vessels, and passenger ships. Panamax specifications have been in effect since the opening of the canal in 1914. In 2009, the ACP published the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Handysize
Handysize is a naval architecture term for smaller bulk carriers or oil tanker with deadweight of up to 50,000 tonnes, although there is no official definition in terms of exact tonnages. Handysize is also sometimes used to refer to the span of up to 60,000 tons, with the vessels above 35,000 tonnes referred to as Handymax or Supramax. Their small size allows Handysize vessels to enter smaller ports to pick up cargoes, and because in most cases they are 'geared' - i.e. fitted with cranes - they can often load and discharge cargoes at ports which lack cranes or other cargo handling systems. Compared to larger bulk carriers, handysizes carry a wider variety of cargo types. These include steel products, grain, metal ores, phosphate, cement, logs, woodchips and other types of so-called 'break bulk cargo'. They are numerically the most common size of bulk carrier, with nearly 2000 units in service totalling about 43 million tons. Handysize bulkers are built mainly by shipyards i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanker (ship)
A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in Bulk liquids, bulk. Major types of tanker ship include the oil tanker (or petroleum tanker), the chemical tanker, Cargo ship, cargo ships, and a gas carrier. Tankers also carry commodities such as vegetable oils, molasses and wine. In the United States Navy and Military Sealift Command, a tanker used to refuel other ships is called an oiler (ship), oiler (or replenishment oiler if it can also supply dry stores) but many other navies use the terms tanker and replenishment tanker. Tankers were first developed in the late 19th century as iron and steel hulls and pumping systems were developed. As of 2005, there were just over 4,000 tankers and supertankers or greater operating worldwide. Description Tankers can range in size of capacity from several hundred tonnage, tons, which includes vessels for servicing small harbours and coastal settlements, to several hundred thousand tons, f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charter-party
A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a hirer ("charterer") for the hire of either a ship for the carriage of passengers or cargo, or a yacht for leisure. Charterparty is a contract of carriage of cargo in the case of employment of a charter boat. It means that the charterparty will clearly and unambiguously set out the rights and responsibilities of the ship owner and the charterers and any subsequent dispute between them will be settled in the court of law or any agreed forum with reference to the agreed terms and conditions as embodied in the charterparty. The name "charterparty" is an anglicisation of the French ''charte partie'', or "split paper", i.e. a document written in duplicate so that each party retains half. Types of charterparty There are three main types of charterparty: time, voyage and demise and another. * In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freight
In transportation, cargo refers to goods transported by land, water or air, while freight refers to its conveyance. In economics, freight refers to goods transported at a freight rate for commercial gain. The term cargo is also used in case of goods in the cold-chain, because the perishable inventory is always in transit towards a final end-use, even when it is held in cold storage or other similar climate-controlled facilities, including warehouses. Multi-modal container units, designed as reusable carriers to facilitate unit load handling of the goods contained, are also referred to as cargo, especially by shipping lines and logistics operators. When empty containers are shipped each unit is documented as a cargo and when goods are stored within, the contents are termed containerized cargo. Similarly, aircraft ULD boxes are also documented as cargo, with an associated packing list of the items contained within. Description Marine Seaport terminals handle a wide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rental
Renting, also known as hiring or letting, is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord. There are many different types of leases. The type and terms of a lease are decided by the landlord and agreed upon by the renting tenant. History Various types of rent are referenced in Roman law: rent (''canon'') under the long leasehold tenure of Emphyteusis; rent (''reditus'') of a farm; ground-rent (''solarium''); rent of state lands (''vectigal''); and the annual rent (''prensio'') payable for the ''jus superficiarum'' or right to the perpetual enjoyment of anything built on the surface of land. Reasons for renting There are many possible reasons for renting instead of buying, for example: *In many jurisdictions (including India, Spain, Australia, United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market (economics)
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in Exchange (economics), exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the value of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced. A market emergence, emerges more or less spontaneous order, spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods. Markets generally supplant Gift economy, gift economies and are often held in place through rules and customs, such as a booth fee, competitive pricing, and source of goods for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demurrage
"Demurrage" in vessel chartering is the amount of liquidated damages owed by a charterer to a shipowner when the charterer remained in possession of the vessel for the purpose of loading and unloading ( laytime) beyond the time allowed by contract. That is, demurrage describes the charges that the charterer pays to the ship owner for its delayed operations of loading or unloading.Maritime Knowhow website: GENCON Clause 7 Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charterparty). The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. The inverse of demurrage is despatch. If the charterer requires the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
