Brokerage - Commission Sharing
Brokerage commission on sale & purchase / charter - typically 1 % for S&P, 1.25 % for charter, split among brokers.
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Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Deal value | USD | |
| Commission rate | % |
Source: ICS Shipbroker Institute Code
In short
Brokerage commission on sale & purchase / charter - typically 1 % for S&P, 1.