ship-broker
Definition
Noun: A ship-broker is an agent who arranges the sale, purchase, chartering, or insurance of ships. This person acts as an intermediary between ship owners, cargo owners, and other parties involved in maritime commerce.
Usage Examples
- (The broker facilitated the transaction for the ship.)
- (The broker assists in obtaining insurance coverage.)
- (The broker prepared the contract for leasing the ship.)
Advanced Usage
- "to act as a ship-broker": to perform the role of arranging maritime transactions.
- He has been acting as a ship-broker for over twenty years, specializing in bulk carriers. (He has worked as a broker for large cargo ships.)
- "ship-brokerage" (n): the business or service provided by a ship-broker.
- The company expanded into ship-brokerage to diversify its shipping interests. (The firm entered the brokerage field.)
Variants and Related Words
- Ship-brokering (n): the activity or profession of being a ship-broker.
- Ship-brokering requires knowledge of maritime law and market trends. (The profession demands expertise in shipping.)
- Ship-brokerage (n): the fee or commission earned by a ship-broker, or the business itself.
- The ship-brokerage for the deal amounted to 2% of the vessel's value. (The commission was based on the ship's price.)
Synonyms
- Marine broker: a broker specializing in shipping transactions.
- Ship agent: a person who acts on behalf of ship owners in port or commercial matters.
- Chartering broker: a broker focused on leasing ships for cargo transport.
Related Idioms
- "Broker a deal": to negotiate and arrange an agreement, often in shipping contexts.
- The ship-broker brokered a deal between the charterer and the owner. (The broker successfully arranged the contract.)
- "Smooth sailing": a phrase meaning easy progress, sometimes used in shipping brokerage to describe a successful transaction.
- After the ship-broker finalized the terms, it was smooth sailing for the shipment. (The process went smoothly after the broker's work.)