Trade connected across the Black Sea
Black Sea Exchange
BSX is a B2B trading platform where verified companies buy and sell commodities from the Black Sea region. Buyers publish purchasing requirements, sellers publish available goods, and the platform organises proposals, negotiations, documents, logistics and the complete transaction record.
- Participants
- Verified companies
- Product category
- Cereals
- Transaction process
- Offer to completion
01 · Operating model
What BSX does
Buyers can publish purchase requests or RFQs. Sellers can publish available products and commercial offers. Verified companies can respond, clarify terms and negotiate through one BSX process.
- Participants
- Verified companies
- Product category
- Cereals
- Transaction process
- Offer to completion
- 01Buyer RFQs and seller offers
- 02Contract and documents
- 03Inspection and logistics
- 04Delivery and closure
Authorised Buyers and Sellers use Market listings, Auctions and commercial responses to find and negotiate opportunities. Mutual acceptance creates a Pending Deal Opening; only the assigned Deal Agent can open the protected Deal Room.
BSX keeps agreed terms, required documents, inspection or logistics evidence, confirmations and completion status connected to the same transaction.
External providers remain responsible for their services. BSX does not imply an active integration merely because a transaction records their information or evidence.
02 · The Digital Trade Record
The Digital Trade Record
BSX creates one Digital Trade Record for each transaction. It follows the complete lifecycle of that specific trade.
- 01
Participants and authority
Legal entities, beneficial owners, authorised representatives, roles, access levels, bank details and payment instructions.
- 02
Commercial terms
Product, specification, quantity, tolerances, price, currency, Incoterms® rule, schedule, payment terms and dispute procedure.
- 03
Transaction execution
Contracts, commercial documents, inspection results, logistics events, amendments, document versions and decisions on discrepancies.
- 04
Audit trail
Approvals, electronic confirmations, timestamps, instructions, changes, performance confirmations and the final transaction status.
03 · What BSX coordinates
What BSX coordinates
The platform coordinates the information and actions required to execute the agreed transaction.
This includes company admission, market opportunities, commercial responses, recorded bidding, nomination, Deal Room messages, tasks, document versions, confirmations, transaction status and retained History.
Documents are determined by the contract, product, route, payment method and applicable requirements. BSX places the agreed document schedule and evidence into the transaction workflow.
04 · Roles and responsibility
Roles and responsibility
BSX coordinates the digital workflow while each participant remains responsible for its specialised part of the transaction.
Buyers and sellers agree the commercial terms. Carriers, inspectors, insurers, certifiers and financial institutions perform the services assigned to them under their own authority.
BSX keeps those responsibilities, actions, evidence and decisions connected to the same transaction record.
Official launch webinar
The official BSX launch webinar is on 5 November.
Black Sea Exchange will host an online webinar to present the operational BSX Platform and its commercial workflow.
The people behind BSX
Contact the BSX leadership team directly about the platform, business cooperation or international relations.
General enquiries, company admission and platform access
info@blacksea.exchangePrivacy and personal-data enquiries
privacy@blacksea.exchangeGeorge Tarata
Governor
Dmitrii Burbulea
President
Maksim Burbulea
Vice President, Head of IT Department
George Tarata jr
Vice President, International Relations
Public information
Review the operating model
Continue with the transaction sequence, document framework, controls, and participation file.