The marine market generally operates with trading models for sourcing products based on auction oriented procurement, spot oriented procurement and contract oriented procurement. MTS solutions are developed to support spot- and contract oriented procurement as we believe these are the most efficient ways of doing business between the trading partners in this market. Statistics also prove that more than 70 % of the business done is carried out via spot- and contract oriented procurement.

The below illustration explains the difference between an Electronic Market Place and a Trading Exchange.

MTS is a Trading Exchange which supports processes related to spot trade and contract trade. By this we mean that our customers will benefit from extended use of frame agreements/contracts and improved spot trade as it becomes easier to connect with the suppliers and for the suppliers to respond to the buyers.