English to Arabic Law/Patents Ships, Sailing, Maritime

For dry cargoes Owner’s and Charterer’s brokers each earn commission of 1.25% of the freight charge. A tanker broker may receive 2.5% on cargoes of less than 15,000 tons, but only 1.25% on larger cargoes. Although only one broker may be acting in the ‘wet’ trade, a charterer may demand an ‘address commission’ of 1.25% from the Shipowner to cover its chartering department’s costs. A longer-term time charter may result in a discounted commission of 1%.