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repo auction

1. Executive Summary

NOL/APL currently offers a comprehensive suite of IT/E-commerce products for its customers. Our Homeport interactive website for instance, allows our customers to generate reports on their shipments, print electronic Bills of Lading, make bookings online, track their shipments and view shipping schedules and tariff rates. These web products have no doubt enhanced our interactions with our customers. They, however, do not provide an effective / efficient channel for NOL/APL to liquidate our perishable product – vessel slots.

Auctions, an established method of commerce for generations, are an effective way to expedite the disposal of items that need liquidation or a quick sale. They offer trading opportunities for both buyers and sellers that are not available in conventional channels.

In this document, we are proposing the use of an auction facility on Homeport to sell containers awaiting empty repositioning. The auction site will specifically targe...

Posted by: Garrick Christian

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