Extended Operational and Trade Vocabulary
Shipbrokers and Brokerage Firms glossary (page 2)
The shipbroking-firm vocabulary: the named brokerage houses and their mergers (ACM, Braemar, Affinity), the broker’s account and recap acknowledgments, address commission through the broker channel, and the brokerage-desk terms. Grounds each term in the brokerage firm or the negotiation step it belongs to.
273 defined terms.
Showing 23 on this page (page 2 of 2).
T
- Tender process
- Competitive bidding round used by national oil companies, run with broker support.
- Time charter broker
- Broker specializing in periodic hire contracts.
- Time charter equivalent
- Voyage revenue minus voyage costs, divided by total voyage days.
- Tonnage List
- Shipbroker compilation of vessels open for fixture in a given region, indirectly informing FFA sentiment.
- Tonnage report
- Weekly broker report listing sales and purchases by sector.
- TradeWinds
- International shipping newspaper published by NHST since 1990.
- Trip charter broker
- Broker arranging single-laden voyage time charters.
U
- Unbound broker
- Broker without exclusive mandate from any principal in the deal.
- Unfixed position
- Vessel still open after market close, reported by brokers the following day.
V
- VesselsValue
- Vessel valuation and data provider widely used by lenders and owners.
- VLCC broker
- Specialist tanker broker focused on Very Large Crude Carriers.
- Voyage broker
- Broker arranging single-voyage charters.
- Voyage estimate
- Pro forma calculation of voyage economics.
- Voyage P&L
- Profit and loss summary for a completed voyage, frequently prepared with broker input.
W
- Weber Report
- Weekly tanker market report published by Charles R. Weber.
- Weekly S&P report
- Standard broker product summarizing sale and purchase activity by sector.
- Wet broker
- Tanker chartering broker.
- Willing
- Broker term-of-art meaning a principal is open to negotiate at indicated levels.
- Wilson Sons Shipping Services
- Brazilian agency and broking group, distinct from international houses.
- World Fleet Register
- Vessel and ownership database produced by Clarksons Research.
- WORLDSCALE
- Tanker freight rate scale set annually by the Worldscale Associations.
- WorldScale Association
- Joint London and New York organization that publishes nominal flat rates each January as the basis for percentage-quoted tanker assessments.
Y
- Yard broker
- Newbuilding broker representing the yard's interests in a contract.