General Market Fees

Unloading Fees are $0.15/lb for all unloading hubs and may be lower depending on species and contract volume. Unloading includes culling, icing, grading, and 24 hours of cold storage in most facilities.

All fees are split equally among buyers and sellers. For example, Atlantic Cod would cost $0.105 per lb to buyer and $0.105 per lb to seller, including unloading. ($0.15 unloading + $0.06 market fee = $0.21 / 2 = $0.105)

Trasnportation costs are reflected in FOB on a per contract basis and negotiated between buyers and sellers.

All checks are cut by Open Ocean Trading directly to vessels upon landing. All buyers must pay open invoices by the end of the business week to resume trading.

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Fee Schedule By Species

Groundfish
Marketplace Fee Clearing Fee Total Fee
Atlantic Cod $0.04 $0.02 $0.06
Haddock $0.04 $0.02 $0.06
Redfish spp. $0.02 $0.01 $0.03
Halibut (Atlantic) $0.04 $0.02 $0.06
Flatfishes $0.04 $0.02 $0.06
Greenland turbot $0.04 $0.01 $0.05
Pollock $0.02 $0.01 $0.03
Hake $0.02 $0.01 $0.03
Cusk $0.02 $0.01 $0.03
Catfish $0.02 $0.01 $0.03
Skate $0.01 $0.01 $0.02
Dogfish $0.01 $0.01 $0.02
Monkfish $0.04 $0.01 $0.05
Pelagic & other finfish
Marketplace Fee Clearing Fee Total Fee
Herring $0.0075 $0.0025 $0.01
Mackerel $0.0075 $0.0025 $0.01
Pompano $0.0075 $0.0025 $0.01
Swordfish $0.08 $0.02 $0.10
Tuna(s) $0.08 $0.02 $0.10
Alewife $0.0075 $0.0025 $0.01
Eel $0.03 $0.01 $0.04
Tilefish $0.04 $0.02 $0.06
Grouper $0.04 $0.01 $0.05
Snapper $0.04 $0.01 $0.05
Shark (Mako) $0.08 $0.02 $0.10
Bluefish $0.02 $0.01 $0.03
Butterfish $0.01 $0.01 $0.02
Weakfish $0.04 $0.02 $0.06
Bass, Striped $0.04 $0.02 $0.06
Seabass, Black $0.04 $0.02 $0.06
Shellfish
Marketplace Fee Clearing Fee Total Fee
Clams / Quahaug $0.08 $0.02 $0.10
Oyster $0.08 $0.02 $0.10
Scallop $0.08 $0.02 $0.10
Squid $0.03 $0.01 $0.04
Mussel $0.03 $0.01 $0.04
Lobster (American) $0.08 $0.02 $0.10
Lobster (Spiny) $0.08 $0.02 $0.10
Shrimp (Northern) $0.02 $0.01 $0.03
Shrimp (Southern) $0.04 $0.01 $0.05
Crab (Blue) $0.04 $0.01 $0.05
Crab (Jonah) $0.0075 $0.0025 $0.01
Sea urchin $0.04 $0.01 $0.05
Other $0.04 $0.01 $0.05