Customer

A customer (sometimes known as a client, buyer, or purchaser) is the recipient of a Good or a service, or a product, or an idea, obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration. Etymologically, a client is someone merely inclined to do business, whereas a purchaser procures goods or services on occasion but a customer customarily or habitually engages in transactions. This distinction is merely historic. Today customers are generally categorized into two types:

  • An entrepreneur' or trader (sometimes a commercial Intermediary) who is a dealer that purchases goods for re-sale.
  • An end user or ultimate customer who does not re-sell the things bought but is the actual consumer or an agent such as a Purchasing officer for the consumer.
  • A customer may or may not also be a consumer, but the two notions are distinct, even though the terms are commonly confused. A customer purchases goods; a consumer uses them. An ultimate customer may be a consumer as well, but just as equally may have purchased items for someone else to consume. An intermediate customer is not a consumer at all. The situation is somewhat complicated in that ultimate customers of so-called industrial goods and services (who are entities such as government bodies, manufacturers, and educational and medical institutions) either themselves use up the goods and services that they buy, or incorporate them into other finished products, and so are technically consumers, too. However, they are rarely called that, but are rather called industrial customers or business-to-business customers. Similarly, customers who buy services rather than goods are rarely called consumers.

    Latest News for: Offshore market

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    NYK invests in Taiwanese offshore wind service player

    Splash24/7 02 Apr 2025
    Through this investment, NYK and IOVTEC will contribute to developing Japan’s offshore wind power industry and further strengthen their position in the Taiwan market. They also aim to further expand offshore ......
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    Conrad Industries Announces Positive 2024 Results

    MarineLink 02 Apr 2025
    Conrad Industries, Inc., established in 1948 and headquartered in Morgan City, Louisiana, designs, builds and overhauls barges, dredges and dredge support equipment, tugboats, ferries, drydocks, liftboats, offshore support vessels and other steel products for both the commercial and government markets....
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    Trump’s second term: A rare opportunity for real African energy independence

    Independent online (SA) 02 Apr 2025
    Offshore projects, like Mozambique’s LNG, will remain central, but onshore opportunities are equally vast ... With US interference diminished, the continent can pursue a multi-pronged strategy - ramping up natural gas for global markets, reviving coal for domestic grids, and tapping onshore and offshore potential....
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    Global film and TV industry braces for expansion of Trump trade war

    Screen Daily 02 Apr 2025
    In the UK, the BFI is conducting a study on the market impact of a levy on streamers ... On March 6, the European Commission responded to criticism about the EU’s Digital Services Act and Digital Markets Act, which largely seek to ensure that big tech groups comply with EU law....
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    Compliance Assurance

    The Maritime Executive 02 Apr 2025
    Alfa Laval, the market leader in ballast water management, was among the first companies to begin developing a system for BWM Convention compliance ... This long-expected market consolidation is making it harder for many owners to keep legacy systems in proper operation ... BIO-UV is quite active in the American workboat and naval markets....
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    Eiffage buys HSM Offshore Energy

    Splash24/7 01 Apr 2025
    HSM Offshore Energy is an ... The company is also focused on topsides for emerging new markets like CCS and hydrogen ... HSM Offshore Energy and Smulders have a complementary value chain for providing topsides for offshore wind farms and new emerging markets....
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    [INTERVIEW] Demand for Korea Treasury bonds robust due to WGBI inclusion optimism: MarketAxess, NHIS

    Korea Times 01 Apr 2025
    Deputy Prime Minister and Finance Minister Choi Sang-mok also held a virtual meeting with Euroclear CEO Peter Sneyers on Thursday to share Korea’s simplified tax and foreign exchange rules for potential offshore KTB investors with the Belgium-based financial market ......
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    COSCO Shipping Specialized Carriers books semisub heavylift ship at GSI

    Splash24/7 30 Mar 2025
    ... Group has returned to Guangzhou Shipyard International for a 70,000 dwt unit as part of its plan to strengthen its position in the semisub offshore transportation market segment....
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    [INTERVIEW] Korea's digital assets integrated into regulated financial markets: crypto expert

    Korea Times 29 Mar 2025
    This provides security, transparency and stability in the cryptocurrency market, he said.Read More ... The announcement is the latest development in the eased crypto market regulations ... However, for offshore investors, a well-regulated and attractive Korean market still has access barriers ... Implications for RWA market....
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    Saipem moves to maintain grip on the Gulf offshore market

    MEED 28 Mar 2025
    The Italian contractor's leading position is being challenged by other players targetting the region's project spending bonanza ... ....
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    Record-high deal: BPI raises $800M from offshore bond market

    The Philadelphia Inquirer 28 Mar 2025
    ... Philippine Islands (BPI) has raised $800 million from the offshore bond market – its largest issuance in a single transaction....
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    How Trump’s tariffs will boost my small business

    New York Post 28 Mar 2025
    The market had shifted rapidly since NAFTA went into effect in January 1994, and even more so when China locked in most-favored-nation status in 2001 ... We were losing market share rapidly. So the iconic American brand went all-in on offshore manufacturing, and US industrial decline accelerated....

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