Sellers register their product offerings through the online system. A Trader will then contact the client to validate the product offering and confirm product release to the Trading Floor.
Traders then “make the call”, whereby listed buyers and interested parties are presented with the product offering on-line, on the rates and terms described by the Seller.
The Traders will advise the Seller of all enquiries (or “hits”) that their product receives during a trading period.
When product is engaged by a Buyer the Seller is advised promptly of “Trade In Progress”.
In the interests of good business practices Buyers and Sellers are asked to respond promptly to any call made by The Trader.
Once price and terms have been struck the Trading Floor issues a Sale Notice to both parties, which confirms the relevant details of the Trade Deal. At this point the Trading Floors activity it is now concluded and it is over to the Members to finalise freight and suitable credit terms.
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