OBJECTIVES | + Create perpetual online ship fixing channel and offer one central global location for all dry bulk PHYSICAL MARKET trades |
| + Improve PHYSICAL SPOT markets for dry bulk ships that assist in real time and realistic charter price discovery |
| + Increase global pool of potential charterers, enhance voyage charter opportunities to help establish a dynamic day rate environment |
| + Substantially reduce the counter party risk exposure prior to committing a ship to a charter and |
| + Provide a unified channel for risk mitigation and settlements through an array of about 30 major currencies |
PHYSICAL MARKETS | It acts as global converging point for fixing (employing) the ships. User can transact DIRECTLY ONLINE by Offering and/or receiving Main Terms, Firm Offers, COA Pre-Offers and Time Charter Offers on the web site |
TRADING FEATURES | |
Full Cargo Orders | Full ship loads (Parcels above 5,000MT) - Referred to as PN# for easy tracking |
Part Cargo Orders | Cargo Parcels Under 5,000mt - PN# |
COA or Contract of Affreightment Orders | Large cargo contracts of over 100,000mt per year - PN# |
Maritime Freight Bids | U.S Govt., U.N Aid, Corporate and other global tenders for sourcing ships - PN# |
Time Charter Orders | Period charters of ships or Time Charters- TCPN# |
OTHER SUPPORTING FEATURES | |
Trade Genie™ | Creates a coherent global trade plan. Just plug in basic details of your commodity trades between any two ports in the world into Trade Genie™ and view the plan. |
QuoteMaster™ | Creates an indicative freight Quote. Plug in basic details of your shipment between any two load and discharge ports in the world and view the quick indicative quote. |
Search PN# | Search global central repository of all cargo orders are available on FastFix system |
Post-a-Quote™ | Ship Brokers and Ship Owners can post an indicative freight quote directly for charterers/cargo side to view and respond. This gets the fixture discussions started, helps with making Main Terms/Firm Offers and negotiations to be more productive. |
View ship Matches | Allows cargo side users to view available ships based on real time ship positions. |
Level 2 Freight Quote | System generates an indicative freight rate based on advanced proprietary algorithms that gives independent perspective. |
Show MARKET | Allows ship side users to view how many total bids were posted on a particular PN# of their interest and the average bid for that cargo order |
List PN# | This is the central repository of all global cargo orders available on the system |
List TCPN# | This the central repository of all global time charter orders available on the system |
Search TCPN# | Allows users to search Time Charter orders according to their individual preferences |
Corporate Grids™ | Facility to manage multiple contracts that are large and multi year in nature |
Port Connect™ | Allows user to reserve a berth at load/discharge ports. Reduces port congestion problem due to advanced planning arrangements. |
View Operating Days | Allows user to instantly view how many trading days are covered for each of the ships according to his trading activities on the system. |
Source Agent™ | System allows ship agents in various ports to provide their Pro-forma DA details. Cargo owners are shown the Pro-forma DA information and are encouraged to contact the agents directly for potential business development. |
Status Grid-Cargo | Allows users to track their cargo order activities including negotiation status on all cargo orders in excel file |
Status Grid-Fleet Activity | Allows users to track their ships trading activities including status of various terms offered to different cargo and timecharter orders available on the system |
Status Grid Own TC Pack | Allows users to track trading status of their own Time Charter Orders |
Customer Support | Allows Fastfix customer service representatives to provide LIVE online assistance to registered and paid subscribers |
BANKING FEATURES: | |
LC Verification | System internally verifies user entered Letter of Credit information with 3200 issuing banks in 30 countries |
Fastfix Global Bucks A/C or FGB A/C | Allows user to create banking credentials for direct system trading |
Interim Report | System generates an interim report for each specific trade to show financial receipts and payments. This report may be used for the purpose of establishing and analyzing user's own financial exposure specific to each transaction. This enables good risk management before making big financial bets. |
Monthly Report | System generates a consolidated monthly financial statement of user's trading activity |
Online Payment | User can pay additional fees to seek Fastfix assistance in fixing a cargo order |
PHYSICAL markets Settlement Advice | User receives wire transfer instructions up on completing suggested trading steps |
SECONDARY MARKETS | |
Charts & Graphs | Separate screen with the ability to generate over 10,000 (user generated) unique Charts and Graphs in 20 major categories |
Physical Delivery | FastFix™ provides a channel to unload contracts that are already successfully concluded in physical markets with actual Physical delivery |
Financial Delivery (Futures Contract) | Provides purely financial delivery features (Futures Contract style). Trade "Commodity+Freight", "Freight Only" and "Deadweight" as seperate contracts. |
DERIVATIVE MARKETS | |
Charts & Graphs | Separate screen with the ability to generate over 10,000 (user generated) unique Charts and Graphs in 20 major categories |
Option Contracts | FastFix™ offers the user, basic option strategies such as calls and puts for buying or selling according to our own established contract pairs. Trade "Commodity+Freight", "Freight Only" and "Deadweight" as seperate contracts. |
| In user sections we have provided step-by-step "Process Guide", "Reference Guides" that explain available links and "Feature Focus Guides" that demonstrate how to benefit from the available built-in features that offer quick answers to quests for ocean freight. Some of the above listed items may be in testing and may undergo periodic revisions as we complete our research and development process. Consistant feedback from Users will make system features give much more comprehensive results. REGISTER TO VIEW AVAILABLE DEMO FILES. |
| We INVESTED substantial resources over many years into solving this global trade problem and continue to invest in making it the preferred solution that works for different participating Groups in this space. Due to its inherent complexity, we believe our "NO SPIN" efforts may reduce many of the challenges faced by commodity traders and shipping companies. With active participation from all market segments that have stake in these trades, we hope FastFix™ will eventually become the right answer to everyday problems of global shipping. We are always open to logical Corporate collaborations from interested companies in all relevant sectors. |
FASTFIX™ - Online DO-IT-YOURSELF solution for Global Dry Bulk Trades | |