Protective Agency
Ensuring that your own interests are being looked after is difficult when the arrangements are out of your control. Cory Brothers protective agency team act as your business’ eyes and ears, watching over your port calls and vessel operations to make sure that you are protected from any indiscretions.
You should consider using a protective agent when you are in unchartered territory, there are complicated rules surrounding additional charges, or you are unfamiliar (or uncomfortable) with the nominated agent.
Cory Brothers provide supervising agency services to vessel owners and charterers around the world, whoever is counterparty to the other’s arrangements. It is our mission to keep you safe rather than sorry.
- Available 24/7 through a single point of contact.
- Willing to work with agents outside of our own network.
- Longstanding relationships with our own agents, frequently compliance reviewed.
- Global network of local agents for individual port expertise.
- Disbursement Account (D/A) and Statement of Fact (SOF) checks.
- Cargo and vessel status reporting.
Find out more about our protective agency services by getting in touch.
We don't only provide supervising agency services:
Financial
Services
Market
Research
Husbandry Services
Protective
Agency
Protective Agency Services - FAQs
Where do you use a protective agency in shipping?
Protective agents are used to supervise operations when a shipowner, or charterer, are not the arranging party. This is to ensure that there is no theft or corruption taking place during proceedings, so that any costs and transfers of liability are correctly processed.
Protective agents are familiar with the area of operation, the normal tariffs, and the relevant legal considerations, placing them on equal footing with the contracted parties. This understanding reduces the risk of corruption when a shipowner or charterer is operating in an area that they do not have a presence in.
Financial services may also be offered by protective agents, allowing for easier processing of funds to the relevant recipients through a single point of contact.
Cory Brothers provide protective agency and financial services for our principles around the globe. Contact us for more information today.
Why do we need a protective agency?
Protective agents are recommended when a shipowner or charterer is operating in a new area, when they have not nominated (or are uncomfortable with) the agent responsible for processing in port, or when there are complicated rules surrounding the local tariffs.
The assignment of a protective agency provides the shipowner or charterer with a representative to supervise the operation and look out for their interests. This reduces the risk of corruption or negligence by the opposing party, protecting the shipowner or charterer from cost or liability issues.
Cory Brothers provide protective agency services across our network. Please get in touch for more information.
What is a protective agency in shipping?
A protective agency is a party that has been nominated by a shipowner or charterer to supervise their operations when they are the counterparty to another’s arrangements. The protective agents look after their principle’s interests to ensure that they are not targeted by corruption or left open to liability through negligence of procedures. They can also manage the payment of local agents on their principle’s behalf.
Using a protective agent is recommended when the shipowner, or charterer, is operating in a new area, if there are complicated rules on tariffs, or if they are uncomfortable with the agent nominated by the other party.
Cory Brothers provide protective agency services around the globe. Contact us for more information.
What does a shipping supervising agent do?
A shipping supervising agent oversees an operation on behalf of the counterparty, whether this is the vessel owner or charterer. This is to ensure that their principle reduces the risk of being a victim of fraud, or liable to damages that arise as a result of negligence by the nominated party.
Supervising agents are recommended for charterers and shipowners when they are operating in a new area, where there are unusual rules on tariffs, or they are unfamiliar with the nominated agent.
Cory Brothers act as supervising agents for our principles across our network. Please get in touch for more information today.
What is a shipping protective agent?
A shipping protective agent is an independent party contracted by the vessel owner or charterer to supervise their interests when they are subject to another party’s arrangements. This is for the principle to protect themselves from fraud, or negligence of procedures that may result in exposure.
Shipping protective agents are recommended for use when operating in an area where tariffs are complicated, when in a new area, or if there is concern over the integrity of the nominated agent.
Cory Brothers provide protective agency services around the globe. Contact us for more information today.
Have all your vessel procedures processed through one agency. We arrange your berthing, husbandry and customs clearances to keep your vessels running on schedule.
