Ocean Freight Broker |
Brokerage refers to payment by a common carrier to an ocean freight broker for the performance of services.
Ocean freight broker is an entity which is engaged by a carrier to secure cargo for such carrier and/or to sell
or offer for sale ocean transportation services and which holds itself out to the public as one who negotiates
between shipper or consignee and carrier for the purchase, sale, conditions and terms of transportation. An
ocean freight broker is not required to be licensed.
An Ocean Freight Broker does not prepare and process the documentation or perform related activities
pertaining to those shipments.
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