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The
Scottish Seafood Exchange will
provide a
whole new set of benefits for the
UK seafood and aquaculture industries,
giving members greater control
over how their market functions
and the quality they can
deliver.
Quality:
The Exchange will work
closely with existing national and
international quality control and
certification schemes for the
purpose of encouraging sound
in-house product quality management
by members both in the marine and
aquaculture sectors.
Traceability:
The Exchange aims to provide
members with reliable information
on the movements of product, from
the time it is caught until
its delivery to the final buyer
on the Exchange. This will help
to ensure optimum value for
members and guaranteed quality for
the end customer.
Standard
Contracts: The Exchange
will work with the industry to establish
standard contracts so as to
ensure openness and clarity on all
dealings. Standard product
definitions, contract terms and clear
market rules will reduce the
potential for legal disputes.
Securing
payment for members: For the
first time in the seafood sector,
the Exchange will offer a secure
system of payment for cash transactions,
a system that will help prevent
fraud and ensure invoices are
met.
Under
the management rules of the
Scottish Seafood Exchange, just as
seller members will be expected
to comply with the market requirements
as to quality, description and
delivery, buyer members will be
required to pay their invoices on
time.
Finance
and credit insurance: In
addition the Exchange will offer
all members on-line access to
established providers offering a
range of banking, financial and
credit insurance services tailored
exactly to their market
needs.
Market
Access: The Scotsea trading
system will allow members instant
access to the market sector in
which they wish to deal. Be it
shellfish, demersal, pelagic or
the farmed variety, at the touch
of the finger, any member wishing
to trade will instantly be able
to see products on offer, quality
and quantity, and
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the
prices being secured. Buyers
can contact sellers, or vice-versa,
and deals can be closed,
regardless of where the seafood has
been landed, or where the
trader has his or her terminal. All
terms agreed will be recorded
on screen following negotiations
using the interactive on-screen
text service, secure private
voice connection or
video-conferencing.
Language:
The Scotsea trading system
will allow members to agree terms
on screen in their own language,
starting with English, French
and Spanish.
Consultants,
Legal and Accounting
Services: The Scottish Seafood Exchange
will provide its members with
easy access to those professionals
that can assist them to make best
use of the Scotsea trading system
and the market services and
benefits that the Exchange offers.
Training
and Technical Assistance: The
Scottish Seafood Exchange will
offer members and their staff
special programmes of training and
technical assistance in their own
language.
Market
Management: The Scottish
Seafood Exchange will ensure that
the market is efficiently managed
and that it complies with all
UK and European market rules and
regulations. It will keep members
up to date with changes to market
rules and regulations as they
happen and so allow them to
tailor their plans and strategies
to adjust to the fast changing
trading environment.
Market
Information: Open
availability of reliable market information
is a pre-requisite of an
efficient market that can secure best
prices for its members. Although
all transactions between members
will be private and confidential,
the system will collect and
provide current and historic
information on FOB prices, as well
as other useful statistics and
analysis of trading patterns.
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OFFER?
