Chartering Department Overview

At MPHASIS MARINE SOLUTIONS, the Chartering Department is a key pillar of our operations, responsible for managing all aspects of vessel chartering, both inbound and outbound.

This department plays a corporate, strategic role in fulfilling the chartering needs of our clients, ensuring seamless, efficient, and cost-effective solutions for a wide range of vessel types.

Core Responsibilities of the Chartering Department

The Chartering Department at MPHASIS MARINE SOLUTIONS is tasked with meeting all chartering requirements related to the in/out chartering of vessels.

These requirements are communicated from various internal departments and are processed in accordance with the company’s established procedures.

Upon receiving these requirements, the department enters them into the market, identifying suitable vessels or charterers that align with the project specifications.

Our dedicated team of negotiating officers then takes over, engaging with owners and charterers to secure favorable terms and finalize the business agreement.

Vessel charters are typically arranged through well-established broking channels, although there are times when direct negotiations with vessel owners or charterers may occur.

Once an agreement is reached, MPHASIS MARINE SOLUTIONS ensures that all necessary documentation is completed according to our rigorous chartering procedures, including the preparation of the Charter Party. This is then forwarded to the relevant departments to initiate subsequent actions.

Additional Functions and Services

Beyond the core responsibilities of managing chartering agreements, the Chartering Department at MPHASIS MARINE SOLUTIONS also plays a vital role in the following areas:

Market Insights & Reporting: We provide timely and insightful market information to the management team through daily and monthly reports.

This helps in decision-making processes, ensuring that MPHASIS MARINE SOLUTIONS stays ahead of market trends and can offer clients the most up-to-date solutions.

Monthly Fixture Reports:

The Chartering Department prepares comprehensive monthly reports that detail all in/out chartering fixtures concluded by the company. These reports provide transparency, allowing management to track progress and outcomes.

Broker Performance Review:

To ensure consistent quality and competitive pricing, the department regularly reviews the performance of our brokers. These evaluations help us maintain strong partnerships with key market players and optimize service levels.

Commitment to Client Success

At MPHASIS MARINE SOLUTIONS, we understand that our clients expect smooth operations, cost-efficiency, and the highest level of service. Our Chartering Department is committed to ensuring the optimal utilization of vessels in strict adherence to Charter Party provisions.

To meet these expectations, our specialized operations teams—including Technical and Commercial departments—work collaboratively with vessels, various agencies, and clients.

This close coordination ensures that every operation is executed precisely as per the terms of the Charter Party and in line with our clients’ expectations, maintaining transparency and efficiency throughout the entire process.

Why Choose MPHASIS MARINE SOLUTIONS?

With an unwavering focus on delivering excellence, MPHASIS MARINE SOLUTIONS offers a comprehensive range of chartering services tailored to meet the diverse needs of our clients.

Our experienced team of professionals works diligently to secure favorable terms, ensuring that every charter transaction is handled with the utmost professionalism, efficiency, and transparency.