UAB Klaipedos Žuvininkystes Produktu Aukcionas was registered in 2004. Its main objective is to act as an intermediary for sellers (fishermen) in auctions which are the primary sales outlets for fishery products, and which create favourable conditions for fishermen to sell their production
Sales take place in computerized 12 places of work buyers’ hall by minimizing price over particular intervals of time. Buyers have a chance to proceed buying procedures in a remote way. Fish is sold to the one who was the first to press the button to stop the auction clock.
Advantages of selling by auction system:
it is quick and precise system;
standardizes fishery produce by quality, size, weight;
clear to all auction members;
allows to compile useful data for statistic , market analysis;
fast and safe financials payments. Commonly payment is made within 3 workdays.
Every buyer has to provide bank warrants or other documents of financial insurance and must have warrant of primary fishery produce buyer.
Auction collaborates with fishmen and buyers of other countries (Latvia, Estonia, district of Kaliningrad, Poland, France). There is opportunity to sell fresh pelagic and inland waters fish.