In shipping terminology, what is another term for a cargo broker?

Prepare for your Chartering and Brokerage Exam. Use multiple choice questions, flashcards, hints, and explanations to enhance your study. Get set to ace your exam!

Multiple Choice

In shipping terminology, what is another term for a cargo broker?

Explanation:
In shipping, a cargo broker acts as a Special Agent—the shipper’s representative authorized to arrange transportation and negotiate with carriers for a shipment. This role involves securing space, obtaining rates, and setting up the contract, but not owning the cargo or performing the carrier’s duties. The other terms refer to different roles: a carrier is the company that actually transports the goods, a Ship’s Agent is a port-side representative handling formalities for a vessel, and an Insurance Underwriter provides cargo insurance. So the cargo broker is best described as a Special Agent.

In shipping, a cargo broker acts as a Special Agent—the shipper’s representative authorized to arrange transportation and negotiate with carriers for a shipment. This role involves securing space, obtaining rates, and setting up the contract, but not owning the cargo or performing the carrier’s duties. The other terms refer to different roles: a carrier is the company that actually transports the goods, a Ship’s Agent is a port-side representative handling formalities for a vessel, and an Insurance Underwriter provides cargo insurance. So the cargo broker is best described as a Special Agent.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy