WO2001031530A1 - Systeme de notification de concordance retardee - Google Patents

Systeme de notification de concordance retardee Download PDF

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Publication number
WO2001031530A1
WO2001031530A1 PCT/US2000/012922 US0012922W WO0131530A1 WO 2001031530 A1 WO2001031530 A1 WO 2001031530A1 US 0012922 W US0012922 W US 0012922W WO 0131530 A1 WO0131530 A1 WO 0131530A1
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WO
WIPO (PCT)
Prior art keywords
transaction
transaction data
parties
counter parties
matching
Prior art date
Application number
PCT/US2000/012922
Other languages
English (en)
Inventor
Ho Gyun Son
Original Assignee
Ho Gyun Son
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Ho Gyun Son filed Critical Ho Gyun Son
Priority to AU48401/00A priority Critical patent/AU4840100A/en
Publication of WO2001031530A1 publication Critical patent/WO2001031530A1/fr

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00—Administration; Management
    • G06Q10/08—Logistics, e.g. warehousing, loading or distribution; Inventory or stock management

Definitions

  • the present invention relates to a delayed match notification system that identifies and automatically notifies potential counter parties to a transaction in response to criteria specified by each party, thereby permitting the counter parties to negotiate the final terms and/or details of the transaction. More particularly, this invention provides a delayed match notification system for use in the emerging deregulated maritime transportation and cargo market.
  • the present invention compliments the current maritime transportation industry's basic infrastructure by providing an innovative pricing structure and an orderly process for continuously trading ships and cargo between the ship owners and shippers/charterers.
  • the system of the present invention is a breakthrough in the maritime transportation market in that it provides an orderly trading environment that ensures market liquidity and competitive pricing in the maritime transportation industry.
  • the maritime transportation market is growing as worldwide commodity and products trading volume grows. Ship owners seek cargo and fleet employment opportunities to maximize their profits while shippers and traders look for the least expensive ship owners with a reliable, high quality commercial fleet.
  • Market players have been trading their ship and cargo through approximately 10,000 brokers' channels that are highly fragmented and dispersed geographically.
  • This traditional global shipping market which has not changed in over a century, results in market imperfection and inefficiency for the transportation industry.
  • the brokers' function is generally limited by its nature to the dispersal of information and the brokers mainly rely on their individual initiations and relationships. Also, the cost of such broker transaction is high, typically each transaction incurs commission cost of approximately five percent (5%) of the gross revenues. Additionally, the inefficient flow of information in the current market place increases the transaction cost for each market player.
  • the maritime transportation industry is currently comprised of approximately twenty thousand active market players, e.g., ship owners, shippers, traders, and brokers. Although, these market players are dispersed globally, there is no centralized trading exchange or organization to bring these players together. They must rely on individual relationship and business contracts to initiate and complete the transactions.
  • the ship owners, shippers and traders have their own exclusive brokers who search for suitable ships or cargo on their behalf.
  • the ship owners and charterers send their requirements to their exclusive brokers by facsimile, telex, or e-mail.
  • the brokers then send facsimile, telex, e-mail to other brokers to find suitable ships or cargo.
  • Each broker typically earns about 1.25 percent of gross revenue as a commission for completing transaction.
  • two or three brokers may be involved in a transaction. This inefficient and conventional commission based trading practice has led to a chaotic and imperfect market.
  • the present invention addresses these problems by providing an efficient, centralized, global and real-time maritime trading exchange or environment, such as www.MaritimeExchange.com.
  • the global maritime trading exchange of the present invention provides worldwide positions of ships and tonnage requirements, thereby enabling the market participants to easily access the maritime market information and trade knowledgeably based on such market information.
  • the present invention is a novel web based system offers real time information for ship and cargo trading market that is easily accessible by owners and charterers.
  • the owner and charterers can find the information about the market and conduct their transactions using the centralized, global and real-time maritime trading exchange.
  • the centralized, global trading exchange of the present invention enables the market players to post their requirements on a real time basis using a Web site, such as www.MaritimeExchange.com; obtain information regarding the available vessels and cargoes on a real time basis; and matches the posted requirements on a real time basis using an automated information distribution system that preserves the confidentiality of the parties and the transaction.
  • the present delayed match notification system receives posting with specific requirements from market players (such as from buyers/purchasers and sellers/providers), matches the buyers and sellers requirements, and transmits notification messages to corresponding buyers and sellers if a match is found.
  • the matched buyer(s) and seller(s) may meet in an on-line trade or chat room to finalize their transaction, thereby eliminating the need to resort to off-line communication mechanism to finalize the negotiation, such as a conventional fax, telex, e-mail, regular mail, and the like.
  • the delayed match notification system requires the authorized market players post their specific requirement only once to continuously search for a matching party (i.e., matching requirements).
  • the delayed match notification system notifies the posting parties when a matching requirement is located, thereby eliminating the inefficiencies and imperfections associated with the current market.
  • a further object of the present invention is to provide a system which automates the current broker market system, such as transportation market, used cars market, real estate market, spare parts market, and other types of commodities market requiring a broker to complete the transaction based on objective criteria and subjective criteria which are not standardized and/or easily quantifiable.
  • the delayed match notification system of the present invention is simple to operate, highly flexible and easily scalable to accommodate numerous ship owners and traders, thereby keeping the market operation simple and efficient for the ship owners and traders.
  • the delayed match notification system of the present invention provides a framework for matching posting parties without automatically executing their transactions. That is, the system may reserve the final decision to execute any matching transaction to the trader.
  • the delayed match notification system of the present invention identifies or matches the posting parties in accordance with the criteria specified by each user, and notifies the matching parties so they can negotiate the final terms and/or details of the transaction.
  • the posting parties may specify filtering criteria to be used the delayed match notification system.
  • An embodiment of the present invention includes a matching real time data; a web site accessible by a plurality of remote users for entering transaction data; and a communications network for notifying and exchanging interests between the potential matching parties.
  • the matching system matches the posting parties to a transaction based on their transaction data specifying their requirements.
  • a method of identifying required data to a transaction includes the steps of receiving transaction data from a plurality of users; searching the transaction data using the criteria specified in posted data to identify potential parties meeting the requirements of the posted data; notifying the posting parties of a potential match to a transaction; and enabling the posting parties to negotiate the terms of the transaction.
  • Fig. 1 is a flow chart illustrating the operation of the delayed match ' notification system of the present invention
  • Fig. 2 is a block diagram of one embodiment of the delayed match notification system of the present invention
  • Fig. 3 is a block diagram illustrating the current market system
  • Fig. 4 is a screen image of ship requirements posting menu
  • Fig. 5 is a screen image of cargo requirements posting menu
  • Fig. 6 is a screen image of a sample ship requirements
  • Fig. 7 is a screen image of a sample cargo requirements
  • Fig. 8 is a screen image of a ship posting data
  • Fig. 9 is a screen image of a cargo posting data
  • Fig. 10 is a screen image of the match notification
  • Fig. 11 is a screen image of a trade room.
  • Fig. 2 there is illustrated an embodiment of the delayed match notification system of the present invention which includes a delayed match notification system 100, preferably a web-based server, a plurality of remote terminals representing sellers 120, such as ship owners, operators, etc., and buyers 110, such as charters, shippers, traders, etc.
  • remote terminals may include, but not limited to, PCs, personal digital assistants (PDAs), or any network access device.
  • the sellers 120 and buyers 110 may use the system 100 via brokers 130.
  • the sellers 120 and buyers 110 connect to the system 100 directly or remotely via world wide web (Internet) and post data consisting of specific selling and buying requirements, respectively.
  • the system 100 contemplates a plurality of posting data utilizing web access whereby a large number of users may simultaneously access the delayed match notification system 100.
  • the flow chart of Fig. 1 describes the operation of the delayed match notification system of the present invention with only two posting parties (a seller and a buyer), it is appreciated that the present invention can accommodate a plurality of buyers and sellers.
  • the delayed match notification system stores the posted data in a database (or a database system) (not shown) to provide off-line storage that can be easily retrievable.
  • the system 100 may be connected to the database through an online network.
  • the system 100 identifies a matching posted data. For example, if the buyer enters or posts data with specific buying requirements, the system 100 identifies a seller whose selling requirements matches the buyer's requirements. Once the system 100 finds matching requirements, the system 100 automatically notifies the matching buyer(s) and seller(s). It is appreciated that the system 100 may find more than one suitable buyer or seller.
  • the posted data does not match with any of existing data, the posted data remains in the system for a predetermined period of time, until the transaction has been finalized by the matching parties, or until the transaction expires.
  • Fig. 1 provides a flow chart which illustrates the overall operation of the delayed match notification system according to the present invention shown in Fig. 2.
  • the matching and notification operations are performed using a software module or component.
  • the delayed match notification system 100 is described in reference to the maritime transportation market, the system 100 can accommodate any broker market, such as a used car market, a real-estate market, spare parts market, etc.
  • the system 100 may represent a server on the Internet, wherein the user may post its requirements, such as ship or cargo requirements.
  • a seller 120 i.e., a ship owner
  • a ship requirements posting menu of Fig. 4 wherein the ship owner provides information regarding its vessel, as shown in Fig. 6.
  • the information can be separated into two categories: mandatory (required) and optional.
  • the mandatory information may comprise delivery position (range) information, delivery position (port) information, type of vessel information, summer salt water dead weight (SSDWT) information, range of delivery date, lifting capacity, vessel's age, etc.
  • SSDWT summer salt water dead weight
  • the optional information may comprise summer draft information, length overall (LOA) information, cargo capacity, gross/net registered tonnage (GRT/NRT) information, speed, consumption, bare boat charter/higher purchase (BBC BBHP) availability information, gear type information, number of gears, etc.
  • LOA length overall
  • GRT/NRT gross/net registered tonnage
  • BCC BBHP bare boat charter/higher purchase
  • a buyer 110 i.e., a shipper
  • a shipper may be presented with a cargo requirements posting menu of Fig. 5, wherein the shipper provides information regarding its cargo, as shown in Fig. 7.
  • the information also can be separated into two categories: mandatory (required) and optional.
  • the mandatory information may comprise delivery position (range) information, delivery position (port) information, type of vessel required, SSDWT information, range of delivery date, age limit of the vessel, gear capacity requirement, etc.
  • the optional information may comprise delivery destination (range) information, type of cargo, age limit of the vessel, required gear type, gear capacity requirement, charterer information, etc.
  • the system 100 uploads the user's posted data and formats the buyer's and seller's data as shown in Figs. 9 and 8, respectively. It is noted that the seller's data of Fig. 8 was posted (stored) on October 24, 1999 at 8:54:21 PM and the buyer's data of Fig. 9 was posted on October 24, 1999 at 9:02:27 PM. The system additionally stores the formatted data in the database (not shown). The system 100 then searches the database for a match (i.e., pre-existing data) based on the mandatory information of the posted data.
  • a match i.e., pre-existing data
  • the system 100 searches the database for a ship owner (i.e., a seller) with a vessel matching the posted cargo requirements of the shipper. When a match is found, the system 100 notifies either party or both parties. Preferably, the system 100 notifies the party having requirements satisfying (or matching) the requirements of the newly posting party. In other words, in the above example, the system 100 sends the matching notification message of Fig. 10 to the ship owner with a vessel matching the posted cargo requirements of the shipper. As shown in Fig.
  • the system 100 generates the matching notification message immediately after the matching data was posted by the shipper (shipper posted the data on October 24, 1999 at 9:02:27 and the system 100 transmitted the notification message to the shipper on October 24, 1999 at 9:02 PM).
  • Each party receiving the matching notification message may contact the posting party to finalize the transaction at its discretion, i.e., the newly posted transaction data is attractive.
  • the transaction may be finalized by the parties privately via off-line (communication with each other via mail, e-mail, fax and the like) or in an online negotiating room (or trade room). It is appreciated that the party receiving the notification message is not obligated to contact the posting party to finalize the transaction.
  • the delayed match notification system 100 may comprise a matching and notification software module.
  • the matching software searches the database to find pre-existing posted data matching or satisfying the requirements of the newly posted data. If a match is found, then the matching software sends the pre-existing posted data matching the newly posted data (hereinafter referred to as the matched data) to the notification software module (or system). However, if a match is not found, then the newly posted data is stored in the database as pre-existing posted data, wherein it will be matched with forthcoming newly posted data. AUTOMATED NOTIFICATION OPERATION The notification software notifies the party having the matched data so as to permit the parties to finalize the transaction. If the transaction is finalized, then the matching software removes (deletes) the corresponding data from the database.
  • the notification software initiates the process of generating the matching notification message when the matched data (or signal) is received from the matching software (or system).
  • the notification system identifies mailing address (e-mail address, facsimile or the like) of the parties who posted the requirements and transmits the matching notification message, preferably a formatted message, to the parties who posted the requirements.
  • the matching notification message includes sufficient information regarding the counter party so as to enable the party to contact the counter party directly to finalize the transaction (i.e., negotiations).
  • the counter parties can finalize their transaction via off-line using telephone, regular mail, facsimile and other comparable means.
  • the delayed match notification system of the present invention includes a trade or chat room, wherein the counter parties can finalize their transactions on a real-time basis via a secured, private on-line communication medium.
  • each counter party may communicate with each other using a display window 500, as shown in Fig. 11, to finalize the transaction.
  • each party can upload or download any information or documents viewable by both parties for use in the negotiation to the chat room, such contract, invoice, charter party terms and conditions, etc.
  • the delayed match notification system matches the parties (or posted data) based on criteria, position, date and time, type and size of ship/cargo as specified by each user.
  • the delayed match notification system may accommodate a range of broker markets (i.e., transaction involving a broker) from markets involving highly specified instruments to markets involving loosely or subjectively defined instruments.
  • current trading systems cannot accommodate the subjectively defined instruments because they do not provide the necessary personalized negotiation opportunities.

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Abstract

Cette demande concerne un système de notification de concordance retardée (100) qui identifie et informe automatiquement des contreparties potentielles à une transaction en réponse à des critères spécifiés par chaque partie, ce qui permet aux contreparties de négocier les termes finaux et/ou les détails de la transaction.
PCT/US2000/012922 1999-10-25 2000-05-11 Systeme de notification de concordance retardee WO2001031530A1 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU48401/00A AU4840100A (en) 1999-10-25 2000-05-11 Delayed match notification system

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US16132499P 1999-10-25 1999-10-25
US60/161,324 1999-10-25
US56792400A 2000-05-10 2000-05-10
US09/567,924 2000-05-10

Publications (1)

Publication Number Publication Date
WO2001031530A1 true WO2001031530A1 (fr) 2001-05-03

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ID=26857730

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Application Number Title Priority Date Filing Date
PCT/US2000/012922 WO2001031530A1 (fr) 1999-10-25 2000-05-11 Systeme de notification de concordance retardee

Country Status (2)

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AU (1) AU4840100A (fr)
WO (1) WO2001031530A1 (fr)

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2007051892A1 (fr) * 2005-11-04 2007-05-10 Igglo Oy Procede et systeme fournissant un service de recherche automatique sur le marche immobilier
NL1042810B1 (nl) * 2018-04-05 2019-10-14 C V Movejects Werkwijze voor het notificeren aan gebruikers en inrichting daarvan

Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5668897A (en) * 1994-03-15 1997-09-16 Stolfo; Salvatore J. Method and apparatus for imaging, image processing and data compression merge/purge techniques for document image databases
US5727163A (en) * 1995-03-30 1998-03-10 Amazon.Com, Inc. Secure method for communicating credit card data when placing an order on a non-secure network
US5748780A (en) * 1994-04-07 1998-05-05 Stolfo; Salvatore J. Method and apparatus for imaging, image processing and data compression
US5751932A (en) * 1992-12-17 1998-05-12 Tandem Computers Incorporated Fail-fast, fail-functional, fault-tolerant multiprocessor system
US5867501A (en) * 1992-12-17 1999-02-02 Tandem Computers Incorporated Encoding for communicating data and commands
US5978780A (en) * 1997-11-21 1999-11-02 Craig Michael Watson Integrated bill consolidation, payment aggregation, and settlement system

Patent Citations (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5751932A (en) * 1992-12-17 1998-05-12 Tandem Computers Incorporated Fail-fast, fail-functional, fault-tolerant multiprocessor system
US5867501A (en) * 1992-12-17 1999-02-02 Tandem Computers Incorporated Encoding for communicating data and commands
US5668897A (en) * 1994-03-15 1997-09-16 Stolfo; Salvatore J. Method and apparatus for imaging, image processing and data compression merge/purge techniques for document image databases
US5748780A (en) * 1994-04-07 1998-05-05 Stolfo; Salvatore J. Method and apparatus for imaging, image processing and data compression
US5727163A (en) * 1995-03-30 1998-03-10 Amazon.Com, Inc. Secure method for communicating credit card data when placing an order on a non-secure network
US5978780A (en) * 1997-11-21 1999-11-02 Craig Michael Watson Integrated bill consolidation, payment aggregation, and settlement system

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2007051892A1 (fr) * 2005-11-04 2007-05-10 Igglo Oy Procede et systeme fournissant un service de recherche automatique sur le marche immobilier
NL1042810B1 (nl) * 2018-04-05 2019-10-14 C V Movejects Werkwijze voor het notificeren aan gebruikers en inrichting daarvan

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Publication number Publication date
AU4840100A (en) 2001-05-08

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