Ship Broker

The primary responsibility of a ship broker is to facilitate and mediate the sale of new and used boats between buyers and sellers. Ship brokers often work on behalf of either a buyer or a seller but they sometimes work for both sides at the same time. Besides negotiating an agreeable price for a boat a ship broker also helps both the buyer and seller agree to the sale terms works to resolve disputes between the buyer and seller and hires inspectors to insure that the boat(s) being bought or sold is actually in its reported condition. Some ship brokers are also commissioned to sell ships to scrap yards. According to the website ship brokers are usually involved in the purchase andor sale of a ship – – from the initial phase of negotiating a price and a purchasesale agreement all the way to the delivery of the ship to its new owner. While there is no specific formal educational requirement to becoming a ship broker it’s essential to learn this trade through on-the-job experience. Normally ship brokers begin their careers as “junior brokers” and move into the role of a full-fledged ship broker once they make their name known in the world of ship brokerage. A ship broker is usually paid on a commission basis but the website lists the average yearly salary for a shop broker at approximately $135804 per year. Higher salaries can be earned with more experience and a positive reputation.

Education Required: Associate's Degree
Avg Salary: $139510
High Salary: $200000
Low Salary: $79020
Tasks: Facilitates the sale of boats between buyers and sellers.
Negotiates sale prices.
Draws up sales contracts.
Finalizes sales deals.
Also Called: Sale and Purchase Ship Broker
Ship Salesperson
Ship Sales Broker
Boat Broker
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