Transportation and freight capacity units

Abstract

Implementations of a computer implemented method and system to transform transportation and freight capacity units with two waypoints or a destination waypoint or a series sequence of waypoints into multi-modal objects which are tradable as commodities such as wheat, oil, corn, stocks, foreign exchange, fixed income or other forward or securitized markets. The present disclosed invention relates to combining the concepts of objected oriented programming and navigation systems and social networking, price-time priorities queues, replacement costs, termination valuations, financial markets, commodity structuring transformation and transportation and freight as a fungible asset class or tradable market.

What is claimed is: 
     
         1 . A computer implemented method comprising:
 at a computing device with a touchscreen interface, audio interface, augmented reality interface, mixed reality interface, brain wave interface, visual interface, or other computing interface detect a transportation or freight capacity unit;   applying one or more transportation or freight capacity unit transformations to create a new transportation or freight capacity unit;   wherein the one or more transformations comprise:   (a) applying an interest rate to discount forward transportation or freight capacity units;   (b) applying a contract price to the forward transportation or freight capacity units;   (c) applying a default interest rate to the forward transportation or freight capacity units;   (d) applying an early termination date to the forward transportation or freight capacity units;   (e) applying a force majeure event for forward transportation or freight capacity units;   (f) applying a letter of credit or performance assurance for forward transportation or freight capacity units;   (g) applying a termination replacement price meaning with respect to a Termination Replacement Transaction, the price which the Non-Defaulting Party acting in a commercially reasonable manner, pays or receives or could pay or receive in connection with the Termination Replacement Transaction (plus Costs reasonably incurred by the Non-Defaulting Party in entering into the Termination Replacement Transaction) for forward transportation or freight capacity units;   (h) applying a Termination Replacement Transaction meaning a transaction for the purchase or sale, as applicable, of a Product(s) for any remaining period or part thereof to be purchased or sold in connection with the Terminated Transaction, provided that, the transaction replacing any Terminated Transaction or portion thereof shall be deemed to have a term:
 (i) a. commencing on the Early Termination Date; and 
 (ii) b. ending on the last day of the term for forward transportation or freight capacity units; 
   (i) applying a trade confirmation for forward transportation or freight capacity units;   (j) applying a recorded confirmation for forward transportation or freight capacity units;   (k) applying remedies for product delivery failures for forward transportation or freight capacity units as liquidated damages;   (l) applying a Calculation of a Termination Payment wherein;
 (i) If an Early Termination Date is designated with respect to any Transaction, the “Settlement Amount” for such Terminated Transaction shall be the difference between the Replacement Value and the Contract Value of such Terminated Transaction, as calculated by the Non-Defaulting Party as follows:
 1. If the Non-Defaulting Party in respect of a Terminated Transaction is Seller and the Replacement Value is greater than the Contract Value, then the Settlement Amount shall be the amount of such excess plus the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Non-Defaulting Party to the Defaulting Party; 
 2. If the Non-Defaulting Party in respect of a Terminated Transaction is Seller and the Replacement Value is less than the Contract Value, then the Settlement Amount shall be the amount of such difference less the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Defaulting Party to the Non-Defaulting Party; 
 3. If the Non-Defaulting Party in respect of a Terminated Transaction is Buyer and the Replacement Value is greater than the Contract Value, then the Settlement Amount shall be the amount of such excess plus the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Defaulting Party to the Non-Defaulting Party; and 
 4. If the Non-Defaulting Party in respect of a Terminated Transaction is Buyer and the Replacement Value is less than the Contract Value, then the Settlement Amount shall be the amount of such difference less the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Non-Defaulting Party to the Defaulting Party; 
 5. If the sum of the Settlement Amounts payable by the Defaulting Party is greater than the sum of Settlement Amounts payable by the Non-Defaulting Party, then a single payment in the amount of such excess will be payable to the Non-Defaulting Party by the Defaulting Party on the date specified in Section 5.4. If the sum of the Settlement Amounts payable by the Non-Defaulting Party is greater than the sum of the Settlement Amounts payable by the Defaulting Party, then a single payment in the amount of such excess Settlement Amounts will be payable by the Non-Defaulting Party to the Defaulting Party on the date specified in the Notice of Payment of Termination Payment for forward transportation or freight capacity units; 
 
   (m) applying a Notice of Payment of Termination Payment;   (n) applying a dispute mechanism with respect to termination payment;   (o) applying a closeout setoff calculation to net payments across multiple calculations;   (p) applying credit support for Performance Assurance calculations;   (q) applying grant of security interest and remedies;   for forward transportation or freight capacity units;   
     
     
         2 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit futures specification contract. 
     
     
         3 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit international swap and derivative specification contract. 
     
     
         4 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit financial swap specification contract. 
     
     
         5 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit financial option specification contract. 
     
     
         6 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit financial exchanged traded futures specification contract. 
     
     
         7 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit financial exchange traded fund specification contract. 
     
     
         8 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit asset backed security specification contract. 
     
     
         9 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit physical swap specification contract. 
     
     
         10 . The computer implemented method of  claim 1 , further comprising applying transportation or freight capacity units transformed to a transportation or freight capacity unit physical option specification contract. 
     
     
         11 . A computer system comprising:
 Networks; and   community route processors; and   my route processors; and   sequence route processors; and   client computing devices; and   global positioning system networks; and   mobile computing devices; and   servers; and   forward commodity transportation market servers; and   user grouping software for virtual hubs; and   transparent open access pricing servers; and   blockchain audit and safety servers; and   virtual hub servers; and   banking account servers; and   navigation routing servers; and   game strategy servers; and   transportation or freight capacity unit transformations; and   software algorithm instructions for no arbitrage and constraint condition servers; and   a graphical or audio user interface for the purpose of participating, transacting and/or trading on a forward commodity transportation or freight capacity unit;   a memory comprising program or programs with instructions executable by the processor or processors, the one or more programs including:   (a) instructions for applying an interest rate to discount forward transportation or freight capacity units;   (b) instructions for applying a contract price to the forward transportation or freight capacity units;   (c) instructions for applying a default interest rate to the forward transportation or freight capacity units;   (d) instructions for applying an early termination date to the forward transportation or freight capacity units;   (e) instructions for applying a force majeure event for forward transportation or freight capacity units;   (f) instructions for applying a letter of credit or performance assurance for forward transportation or freight capacity units;   (g) instructions for applying a termination replacement price meaning with respect to a Termination Replacement Transaction, the price which the Non-Defaulting Party acting in a commercially reasonable manner, pays or receives or could pay or receive in connection with the Termination Replacement Transaction (plus Costs reasonably incurred by the Non-Defaulting Party in entering into the Termination Replacement Transaction) for forward transportation or freight capacity units;   (h) instructions for applying a Termination Replacement Transaction meaning a transaction for the purchase or sale, as applicable, of a Product(s) for any remaining period or part thereof to be purchased or sold in connection with the Terminated Transaction, provided that, the transaction replacing any Terminated Transaction or portion thereof shall be deemed to have a term:
 (i) a. commencing on the Early Termination Date; and 
 (ii) b. ending on the last day of the term for forward transportation or freight capacity units; 
   (i) instructions for applying a trade confirmation for forward transportation or freight capacity units;   (j) instructions for applying a recorded confirmation for forward transportation or freight capacity units;   (k) instructions for applying remedies for product delivery failures for forward transportation or freight capacity units as liquidated damages;   (l) instructions for applying a Calculation of a Termination Payment wherein;
 (i) If an Early Termination Date is designated with respect to any Transaction, the “Settlement Amount” for such Terminated Transaction shall be the difference between the Replacement Value and the Contract Value of such Terminated Transaction, as calculated by the Non-Defaulting Party as follows:
 1. If the Non-Defaulting Party in respect of a Terminated Transaction is Seller and the Replacement Value is greater than the Contract Value, then the Settlement Amount shall be the amount of such excess plus the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Non-Defaulting Party to the Defaulting Party; 
 2. If the Non-Defaulting Party in respect of a Terminated Transaction is Seller and the Replacement Value is less than the Contract Value, then the Settlement Amount shall be the amount of such difference less the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Defaulting Party to the Non-Defaulting Party; 
 3. If the Non-Defaulting Party in respect of a Terminated Transaction is Buyer and the Replacement Value is greater than the Contract Value, then the Settlement Amount shall be the amount of such excess plus the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Defaulting Party to the Non-Defaulting Party; and 
 4. If the Non-Defaulting Party in respect of a Terminated Transaction is Buyer and the Replacement Value is less than the Contract Value, then the Settlement Amount shall be the amount of such difference less the pro rata portion of the Contract Value attributable to any Contract Price actually paid by Buyer and shall be payable by the Non-Defaulting Party to the Defaulting Party; 
 5. If the sum of the Settlement Amounts payable by the Defaulting Party is greater than the sum of Settlement Amounts payable by the Non-Defaulting Party, then a single payment in the amount of such excess will be payable to the Non-Defaulting Party by the Defaulting Party on the date specified in Section 5.4. If the sum of the Settlement Amounts payable by the Non-Defaulting Party is greater than the sum of the Settlement Amounts payable by the Defaulting Party, then a single payment in the amount of such excess Settlement Amounts will be payable by the Non-Defaulting Party to the Defaulting Party on the date specified in the Notice of Payment of Termination Payment for forward transportation or freight capacity units; 
 
   (m) instructions for applying a Notice of Payment of Termination Payment;   (n) instructions for applying a dispute mechanism with respect to termination payment;   (o) instructions for applying a closeout setoff calculation to net payments across multiple calculations;   (p) instructions for applying credit support for Performance Assurance calculations;   (q) instructions for applying grant of security interest and remedies;   for forward transportation or freight capacity units.   
     
     
         12 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit futures specification contract. 
     
     
         13 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit international swap and derivative specification contract. 
     
     
         14 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit financial swap specification contract. 
     
     
         15 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit financial option specification contract. 
     
     
         16 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit financial exchanged traded futures specification contract. 
     
     
         17 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit financial exchange traded fund specification contract. 
     
     
         18 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit asset backed security specification contract. 
     
     
         19 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit physical swap specification contract. 
     
     
         20 . The computer system of  claim 11 , wherein said system applies transportation or freight capacity units transformed to a transportation or freight capacity unit physical option specification contract.