Ship agents are ready to shake up the way they are paid by replacing the existing commission-based system with a flat fee.
The proposal won the backing of several key figures at the annual meeting of the Federation of National Associations of Ship Brokers and Agents (Fonasba) in London last Friday, including newly instated president John Foord.
But it may ruffle feathers with several lines, which are reverting to third-party ship agents in a bid to cut costs, with agents warning that operators cannot expect to be treated on the same terms as during the boom times.
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