ABSTRACT

This chapter describes the various means of information exchange and sources of information. Brokers and charterers' representatives used to meet there regularly for a few hours around noon to distribute cargo circulars and to exchange information in confidence. The continuous flow of information and the treatment and evaluation of the material are necessary for a correct judgement of the situation and the trends in the freight markets. The party requesting chartering service is said to "place an order on the market" and will then await reactions from the tonnage that may be interested in the order. The owner may then be tempted to inform his direct channel about the order thereby "committing himself" through this channel instead of giving the other broker a chance. People engaged in day-to-day chartering work have to use various technical means of communication.