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Re:Why billions of dollars of goods are stuck at sea by aristus on Thursday September 22, 2016 @03:50PM (#12559757)
Hanjin doesn't own the goods; they're just transporting them. The owners of the goods are also by now creditors of the bankrupt company (for late fees if nothing else). That's why it's a snarl.
Re:Why billions of dollars of goods are stuck at sea by lojack on Thursday September 22, 2016 @03:55PM (#12559797)
Wonder if it'd be feasible and/or make sense for the owners of the goods to pool their money together in order to pay the docking fees so they could receive their goods.
Re:Why billions of dollars of goods are stuck at sea by aristus on Thursday September 22, 2016 @04:01PM (#12559851)
It'd be a neat resolution, but that's basically telling one set of creditors to make a second set of creditors whole out of their own pockets. And there's likely thousands of them with multiple layers: eg, your new iPhone 7 is stuck on one of these ships. Are you the owner, or is Apple? or Foxconn? etc.
Re:Why billions of dollars of goods are stuck at sea by bwilliams18 on Thursday September 22, 2016 @04:45PM (#12560230)
The answer to that question is not complicated. It's either Apple or Foxconn, and it's clearly determined in their contract. One of them has it on their books as current inventory, not both.
Re:Why billions of dollars of goods are stuck at sea by thesehands on Thursday September 22, 2016 @05:36PM (#12560554)
Yep, one would expect a quick consult of incoterms on the b/l would quickly clear up ownership per container.
Re:Why billions of dollars of goods are stuck at sea by urazen on Thursday September 22, 2016 @05:36PM (#12560557)
That would be a quite naive solution for the owner of the goods. The owners do not have to pay anything essentially. Hanjin is still responsible to unload the goods at any cost (e.g. selling their ships to someone else).