Commercial Management
Commercial Management
We provide Commercial Management for Ship Owners as well as Charterers. Our operation team is headed by ex-Marine Masters with proven experience in the industry. They are prepared to deal promptly and effectively with any circumstance.
We assist Ship Owners and Charterers with Pre-fixtures and Post fixtures for every contract on ocean transportation by vessels on either voyage or time charter. We advise the Ship-Owners on the freight indicative (for voyage charters) taking into account all the disbursements required for any particular voyage wrt voyage days, bunkers, port agencies, add-on insurance covers, security guards, canal transits, etc. We also provide the Charterers with a commercial proposal, helping them understand the costs involved by way of hiring a Ship on a voyage or time charter for any specific product / route. In furtherance, we also advise the Charterers on the estimated CFR/CIF pricing of the product, so as to enable them to furnish the indicatives to the Receiver / Consignee.
Our services include:
- Drafting Voyage or Time Charter parties.
- Checking/Sending the recapitulation of terms and informing Ship’s Master
- Checking/Sending voyage orders and advising Ship’s Master
- Performance monitoring under terms of charter-party
- Laytime calculations
- Off-hire calculations
- Voyage calculation follow-up and demurrage claims
- Calculate and invoice charters for payment of freight on behalf of principals
- Claims handling
- Assisting owners and Charterers with information to conclude fixtures
- Appointing agents and handling disbursements
- Checking pro-forma D/A’s and arranging advance payment
- Checking and settlement of D/A’s
- Evaluating and nominating bunker suppliers
- Keeping track of vessel’s ROB and checking figures
- Checking bunker invoices and remitting in due course
