System Information

Basic function and execution
Log-in and enter password to access system. This will give you access as a "read-only" member for the product. As a registered user/trader, another set of codes is necessary to identify yourself and your company as an authorized user/trader.

When cleared as a user/trader ,you will have access to each trading pit simply by pointing and double-clicking. As a user/trader, you will be given a menu of various products and locations in which to choose from to formulate a posting within a pit.

The system will be live and in operation during normal business hours.  

Create a Posting
Simply fill in the required fields and when the trader creates a posting, it will recap as a line item for review and confirmation before being sent to the live bid/ask screen. Once reviewed, the posting can be timed by the trader and if not, will be timed and valid through that business day only, unless canceled by the trader at any time. A security feature will also appear to help insure that the correct prices are logged in. Once the posting is reviewed and approved by the trader the send button is hit and it is sent live instantly as a firm bid and/or offer for authorized potential counter-parties to see. You can edit/modify or cancel your posting at any time as well as access your account for review. The posting will remain firm unless it is cancelled or edited by the trader.  A built in feature will suspend a posting which is being edited until the trader resubmits.

Accept Posting
The live bid/ask screen will list postings in each pit which are firm. If the trader likes a posting and wishes to be counter-party to that posting and do the deal, just point and click and the box will appear with the posting as it appears on the screen with a recap of what side of the trade you will be taking. If acceptable, the "accept" button is hit and an "Are you sure?" will appear. If OK, click again ,the deal is done and the identity of the counter-party is revealed. A fax/e-fax confirmation will be sent to both counter-party companies with details of the transaction, date and time etc. The transaction will then be sent to the fixed/done screen revealing only the date, time, commodity, location and price. The company names and traders will not be revealed- this is a private transaction between the two counter-parties.

Negotiate a Posting
The posting can be countered or negotiated. Simply click the posting as if to conclude but instead of hitting "accept" hit "negotiate". Make the necessary changes in one or more of the fields (most likely price) review and hit "send". It will go back to the other party as a firm counter and an email notification will be sent.  If accepted by the other party, the deal is done, if not, it will remain firm on the bid/ask screen. The posting will remain firm during the negotiation process to allow others access to the firm posting.

Clearing Credit - Trading Partners
The transactions completed on HostEnergy will be subject to BUYER SATISFYING SELLER CREDIT DEPARTMENT. This means the counter-parties will achieve one or more of the following status:

• open-credit with the counter-party
• an established line of credit with the counter-party
• the ability to open a letter of credit in favor of the seller in a format acceptable to seller's credit department prior to delivery of product.

The trading partners page will identify all current authorized counter party companies.  Each trading company will be responsible for updating their status with each company.

Payment terms will be upon mutual agreement of the parties and in accordance with standard industry practice.

Screening
At login, a screening process will allow each trader/company to screen unwanted counter-parties from the active participants list. Each non-authorized counter-party posting when clicked will result in a "not authorized to engage with this party" notice.

Trading parties can be added, subtracted or suspended electronically at the sole discretion of the trader.  A listing of current active companies will always be available for review upon request from our users.

Fees/Costs
The fee structure for trading will be based on the following schedule:

Refined Products: $.02/bbl. Split equally between parties

LPG: $.02/bbl. Split equally between parties

Petrochemicals: $.042/bbl. Split equally between parties

Feedstocks: $.021/bbl. Seller side only

"Read-only" members will be assessed a monthly membership fee to be announced.  The membership fee will be waived for active user/trader members who transact business on the system.

Technical Issues
HostEnergy utilizes a state-of the-art proprietary e-commerce software program engine called AECsoft USA. This is a web-based software application capable of managing an online procurement system, online trading and auctions. AECsoft USA was developed using C++, VB, COM, SQL and SQL stored procedures. Business objects written in C++/VB are compiled for better security and higher performance. It has been customized to fit the petroleum trading application of HostEnergy.

There are no special hardware or software requirements for the system. Simply access HostEnergy.com trading website through your Internet Browser and log-in.

This new technology enables HostEnergy to be strictly secure. It uses controlled log in protocols, various independent firewalls, multiple redundancy and advanced encrypting.

There should be no need for additional staff at your company. This system's design allows for the user/trader to make or take postings, edit, review accounts and monitor credit functions all with the a click of the mouse.  A full digital accounting will be available in "My Account".

In the event your computer crashes, all you need to do is re-boot. If you forget your passwords just call us and we'll help you restore your codes.

For technical questions, comments, and marketing questions please follow the links provided in the contact us section.