US Patent:
20060271376, Nov 30, 2006
Inventors:
Vijaya Iswara - Brooklyn NY, US
International Classification:
G06Q 99/00
Abstract:
Freight prices agreed between charterers and ship owners, to transport dry, liquid, refrigirated and all other types of bulk commodities, are believed to be the best pricing of shipping asstes specific to a transaction expressed as per metric ton freight rate. The FastFix system offers a comprehensive solution that maintains highest degree of relevance to market forces, cost structures unique to individual shipping organizations, ongoing but ever changing worldiwide supply and demand for tonnage, expectations of commodity traders, shipbrokers and other participants such as international bankers. The system helps traders, charterers and ship owners to fully integrate their disparate processes for the benefit of Planning the shipments, Minimizing the capital blocked in a transaction, Timing the launch of banking instruments such as Letters of Credit, Managing currency risks, production risks, commodity pricing risks, Sourcing ships, Negotiating charterparty terms, Facilitating high levels transperancy of voyage process from beginning to end, Causing efficient deployment and re-deployment of world shipping fleet without compromising commercial interests of any specific segment, Improving and simplifying international trade final delivery system and last but not the least, Resulting in product pricing efficiencies through delivering consistently better landed costs of raw materials to finished goods at whole sale levels.
