The offer includes product type, quantity, nearest rack location, lifting date, delivery or pick-up, and the expiration time of the auction. If the request is for delivery, the buyer specifies the destination zone or tariff miles. The buyer may also enter a limit price above which buyer is not willing to pay. Once the auction expires, The Exchange immediately selects the lowest bid and notifies both parties of a completed transaction. Buyer Price-Specified Exchange.
Buyer posts an offer to purchase fuel at a specified price.
The offer includes product type, quantity, nearest rack location, lifting date, delivery or pick-up, and the expiration time of the offer. As soon as a Seller meets the Buyer's requirements, the transaction is completed and the buyer is notified. Seller Price-Specified Exchange. Buyer views offers to sell product posted by suppliers who have specified price, effective date, gallons, rack location and product type. As soon as a Buyer meets the Seller's requirements, the transaction is completed and the seller is notified.