INDEX
WHAT CAN SCOTSEA OFFER?
THE AIMS
HOW DOES THE        EXCHANGE WORK?
MEMBERS BENEFITS
TRADING SYSTEM
CONTACT

 
THE SCOTSEA TRADING SYSTEM

The Scotsea trading system, by using the latest network technologies and providing access through the internet, will allow members to do business with ease and security.

A member wishing to sell merely posts product details on the exchange, using Scotsea's clear standardised definitions.

A buyer member seeking to buy a certain type, quantity and quality of product, likewise uses the standardised system to post purchase requirements.

Using their own language for on-screen text, the buyer and seller can then negotiate on screen price, quantity, size, quality, terms of payment and delivery and other variable conditions. Terms will be agreed on-line in private "trading rooms" following a standard format as agreed by the parties.

At the same time, buyers and sellers can discuss the transaction informally using voice connection, private text-based chat, or videoconference, none of which shall form part of the official record.

Major buyers and sellers, on application to the Scottish Seafood Exchange, may open their own personalised trading rooms. This will allow those buyers and sellers with particular needs to include their own special conditions as standard terms.

Payment options are designed to provide maximum flexibility for the buyer, while ensuring that the seller is paid on time.

 

The production of all the relevant documentation is automatic and designed to interface with standard front office and back office systems used by members.

Access on-line to a wide range of service companies providing specialist transport and logistics services, packaging, ice, chemicals, specialist consultants, legal and financial services, email, a members' forum, and other help services will form part of the package.

System Security: System security is a vital consideration. The Scottish Seafood Exchange will adopt the most up to date surveillance and barrier systems and will continually review, update and maintain these so that members can trade with confidence, free from intrusion and virus threat.

The Cost of Membership: In order to become a leading hub for the trading of UK fish and shellfish, the Scottish Seafood Exchange must satisfy the continually evolving needs of a very demanding industry. Cost of membership must be reflected in quality of service. Proposals on membership fees and other charges will be formulated following full consultation with the seafood and aquaculture industries.