No need to bargain in “this” market?
Normally when you need a price for your enquiry, You need to send out full enquiry to have a “accurate ” price. After few comparison you might give out firm counter to get the lowest possible price you accepted.
However in certain port, there is no need for such work, you can know the price immediately , the only problem is credit terms.
There are still ports in the world doing posted price. Posted price is a pricing mechanism that normally there is only ONE supplier in that port. They will post a price and no matter what name /eta / quanaity ( as long as more than minium order ) the vessel is , they will offer same price which they posted publicly. For example, Taiwan is a port that no need to compare price are you can just google it. Although there is still a price war for the “discount” of the bunker price. Trader A might offer posted price – USD2 with a COD payment terms while other offering posted price – USD0.5 but with 45ddd. You then need to decide which one is the best options for you
Which one you like more ? Posted price or fixed price ??
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