1. Introduction
These Broker Engagement Terms (“Terms”) apply to any introduction, discussion, negotiation, or transaction facilitated by MJM Offshore Ltd (“MJM”) in relation to the sale, purchase, or charter of any vessel or offshore asset.
By engaging with MJM, receiving information, or entering into discussions, you (“the Client”) agree to be bound by these Terms.

​

2. Role of MJM
MJM acts strictly as an intermediary broker between parties.
MJM does not act as a principal in any transaction and accepts no responsibility for the performance of any party.

​

3. Confidentiality
All information provided by MJM, including but not limited to vessel details, specifications, pricing, and counterparty information, is strictly confidential.
Such information:
Must not be disclosed to any third party without prior written consent from MJM
Must only be used for the purpose of evaluating a potential transaction
May be subject to a separate Non-Disclosure Agreement (NDA)

​

4. Non-Circumvention
The Client agrees not to:
Circumvent or attempt to bypass MJM
Contact, negotiate, or transact directly with any party introduced by MJM without MJM’s prior written consent
This obligation applies whether directly or indirectly and remains in force for 24 months from the date of introduction.

​

5. Commission & Remuneration
MJM is entitled to a commission or agreed fee in respect of any transaction arising directly or indirectly from its introduction or involvement.
Commission terms may be defined in a separate agreement, term sheet, or fixture
If not explicitly agreed, commission shall be payable in accordance with standard market practice
Commission remains payable even if the transaction is concluded without MJM’s direct involvement following introduction
The Client agrees to ensure that appropriate commission protection clauses are included in all relevant agreements.

​

6. Payment Terms
Unless otherwise agreed in writing:
All fees and commissions are payable within 30 days of invoice
Late payments may incur interest at 8% above the Bank of England base rate or equivalent

​

7. Client Responsibilities
The Client warrants that:
It has full authority to enter into discussions and transactions
All information provided to MJM is accurate and not misleading
It will conduct its own due diligence on any transaction or counterparty

​

8. Compliance
The Client confirms that it:
Complies with all applicable sanctions, anti-money laundering, and anti-corruption laws
Will not engage in any transaction that breaches international regulations
MJM reserves the right to withdraw from any transaction if compliance concerns arise.

​

9. Limitation of Liability
MJM shall not be liable for:
Any indirect or consequential losses
Loss of profit, business, or opportunity
Any actions or defaults of third parties
All information is provided in good faith but without guarantee.

​

10. Governing Law
These Terms shall be governed by and construed in accordance with the laws of Hong Kong.
Any disputes shall be subject to the exclusive jurisdiction of the courts of Hong Kong.

​

11. Acceptance
Engagement with MJM, including receipt of information, participation in discussions, or progression of negotiations, constitutes acceptance of these Terms.