Chartering

Dry Cargo charteringis an art complex market either you charter from your in-house brokers or reach out to charter networks. It is a huge market with more than three billion tons of cargo each year. Net has built an extensive network over the years

The Dry Cargo market engages different vessels and covers all the world's major trade routes. Three significant sectors dominate iron ore and steel products coal utilized in steel plants, power stations, and food resources. In addition to that, the market is well-diversified and transports more than 37 different commodities, including but not limited to cement, fertilizer, timber, and scrap metal.

Shipping powers the global economy, transporting raw materials and finished goods into homes, plants, and factories worldwide. Around 85% of world trade is carried on ships – equivalent to more than a tonne of cargo for every individual on the planet every year.

Petroleum products the energy power for our cars, planes, h homes, run our factories and form the basis for the plastics utilized on consumer and industrial products.

NET chartering reaches all l three major deep-sea markets - crude oil, 'clean' and 'dirty' petroleum products. We facilitate and source between oil companies, traders, and shipowners and negotiate for cargoes to be transported between producers and refiners. The size of tankers ranges from small tankers LR1/LR2 VLCCS and specialized vessels petroleum products (including naphtha, jet fuel, gasoline, gasoil, and fuel oil).

LNG is this rapidly expanding and specialized sector.Net has had a chartering desk in place for almost ten years now and follows the market trends and developments. The particular trade entails a natural gas refrigerated to its liquid state as transportation and storage. Demand for this clean fossil fuel is very high, and it is an alternative sustainable fuel until we reach the zero carbon targets by 2050. The demand is set to rise as it plays a significant role in the energy mix of developed nations and increasingly energy-hungry emerging markets. New LNG supplies coming on-stream, new entrants, and growing trading activity drive the demand for shipping and its associated infrastructure beyond its traditional model. LNG vessels have specialized cryogenic handling equipment and cargo containment systems able to carry LNG cooled to -160° C. With a rapidly evolving LNG market, newer vessels are being designed and built to incorporate continuous technical innovations; noticeably increased cargo carrying capacity, more efficient hull designs and propulsion systems, enhanced cargo insulation and improvements of on-board liquefaction and re-gasification.

Our ERP has the functionality to perform

Voyage/Estimation/Management/Reporting

Optimized Planning/Dynamic Scheduling

Contract Management/Dynamic P&L/Physical Contract Management

Financial Analyses/Corporate Accounting Systems Integration and internally we have a corporate policy compliance;

We have developed a formal chartering strategy by the Company's Senior Management. The strategy's scope and objectives are clearly defined, well understood, and communicated to all Company's personnel. The strategy and its objectives will be continuously reviewed and challenged to reflect internal or external environment changes.

We insisted as a company that the Chartering Department evaluates the vessel's employment by assessing its profitability compared with the shipping market conditions/ trends. The assessment results should be analyzed and reported to Senior Management and could serve as input for potential changes to the Chartering strategy, if and when needed.

We made it part of our corporate policy to evaluate the performance of the Company by the Charterers by using a predefined "Customers Satisfaction" form upon the completion of each employment. Furthermore, upon collecting the survey results, the forms should be maintained in the Company's files to be available to the responsible personnel, and the conclusions derived from the survey should be analyzed to adjust if needed, the activities that emerged as performance weaknesses.

We implemented the electronic filing of the Charter Parties in the Company's intranet. Alternatively, fixture data could be recorded in an ERP system; all recorded data electronically will enable one to quickly view recent fixtures for particular trades, charterers, vessels, etc.

Our model extends from the front office to a powerful back-office in robust and dynamic functionality. We start from pre-fixing to fixture negotiations to voyage management and to post fixture functionality. It entails a scientific procedure to navigate through and arrive at a successful conclusion. NETS ERP picks up the trade inquiry and gives it to the charterer. The chartering team checks port conditions for tonnage availability and provides feedback to the trader. Then a freight rate feasibility is processed while the charterer asks to fix the vessel. Trader negotiates and finalizes the deal. Then the voyage management begins, with the instructions to the master appointment of agents arranging bunkers, with regular monitoring of the vessels. At the same time, we start with the documentation control to reach the vessel completion, deal then with the lay-time calculations the final voyage accounting, and notify the shippers /receivers with the preparation of the final accounting.

We have developed of a formal chartering strategy by the Senior Management of the Company. The scope and objectives of the strategy it is clearly defined, well understood and communicated to all Company’s personnel. The strategy and its objectives will be continuously reviewed and challenged to reflect changes in internal or external environment.

We insisted as a company that that the Chartering Department performs an evaluation of the vessels employment by assessing their profitability compared with the shipping market conditions/ trends. The results of the assessment should be analyzed and reported to Senior Management and could serve as input for potential changes to the Chartering strategy, if and when needed.

We made it part of our corporate policy the evaluation of the performance of the Company by the Charterers by using a predefined “Customers Satisfaction” form upon the completion of each employment. Furthermore, upon collecting the results of the survey, the forms should be maintained in the Company’s files in order to be available to the responsible personnel and the conclusions derived from the survey should be analyzed in order to adjust, if needed, the activities that emerged as performance weaknesses.

We implemented the electronic filling of the Charter Parties in the Company’s intranet. Alternatively, fixture data could be recorded in ERP system all recorded fixture data electronically will enable to quickly view recent fixtures for particular trades, charterers, vessels etc.

Our model extends from the front office and ends up to a powerful back office in a very robust and dynamic functionality. We start from pre-fixing to fixture negotiations to voyage management and to post fixture functionality.it entails a scientific procedure to navigate through and arrive at a successful conclusion. NETS ERP picks up the trade inquiry and gives it to the charterer. Chartering team checks port conditions feasibility tonnage availability and a feed back to the trader. Then a freight rate feasibility is processed while charterer asks to fix the vessel. Trader negotiates and finalizes the deal. Then the voyage management begins, with the instructions to the master appointment of agents arranging bunkers, with regular monitoring of the vessels while we start with the documentation control, in order to reach the vessel completion, to deal then with the lay-time calculations, the final voyage accounting and to notify the shippers /receivers with the preparation of the final accounting.

Shipping Glossary