CHARTERING OF VESSELS
Commercial Management
GISM Commercial management team constitutes embedded professionals & domain experts with extensive domestic & international experience in ship chartering & brokering.
Our esteemed channel partners in the United States, Europe, Asia, and the Far East assist GISM in tailoring commercial packages that align with the specific needs and preferences of our clients. These packages are designed to secure tonnage in both the spot and time charter markets.
GISM specializes in negotiating and finalizing periodic charters for various types of vessels, showcasing our expertise in competitive areas. Our team stays well-informed by conducting thorough market analysis and closely monitoring emerging opportunities in a rapidly evolving landscape. This enables us to provide customers with timely advice that reflects the latest market trends.
In addition, we offer brooking services for the sale and purchase of pre-owned vessels, as well as facilitating the placement of new building contracts with shipyards in the Sale and Purchase market.
Services We Offered
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MARKETING OF VESSELS
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PRE & POST FIXTURES MANAGEMENT OF VESSELS
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RESOLVING CHARTER PARTY DISPUTES
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APPOINT AGENTS FOR CO-ORDINATION WITH PORTS FOR SMOOTH OPERATIONS
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TAKE RESPONSIBILITY OF FREIGHT COLLECTION AND PAYMENT OF FREIGHT IN CASE OF SUB CHARTERING VESSELS
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EVALUATE & OPTIMIZING VESSEL EMPLOYMENT OPPORTUNITY
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ARRANGING BUNKERS AT THE MOST COMPETITIVE
CHARTERING
Chartering is a core activity of any commercial management process which in accordance with BIMCO’s Standard Ship Management Agreement “SHIPMAN 2009” comprises but is not limited to “seeking and negotiating employment for the Vessel and the conclusion of charter parties or other contracts relating to the employment of the Vessel”. Depending on owners’ requests we provide for each ship voyage, single time charter (“time charter trip”) or where required period employment.
OPERATIONS
The Operational aspect of commercial management is a crucial part of the equation. This is the area where money can be saved or lost and a voyage can be made more or less profitable. Our experienced ship operators ensure the safe and efficient handling of all the ships and the smooth execution of all voyages.We are in constant communication with our competent ship’s Masters as well as with charterers, brokers, port agents and bunker suppliers.
CALCULATIONS, CONTROLS & ACCOUNTING
TIt is hard to imagine that modern model of commercial management could exist without comprehensive system of such tools as voyage estimating and accounting, actual voyage results calculations, full load calculation, advising shortest routes for the vessel, calculation of hire, freights, demur-rage and dispatch monies from or due to the charterers of the Vessel, accounts control, performance analyses in the form of time charter equivalent for any period required.
All above tasks, which we carry out with assistance of up-to-date marine IT solutions, ship management and accounting software, are vital to the profitability of shipping business.