Re:Why billions of dollars of goods are stuck at sea
by pbhjpbhj on Friday September 23, 2016 @09:19AM
(#12564332)
I think lack of basic supplies, and wages, now isn't really remedied by getting a share of monies from a sale at some point in the far future.
1: "I need water"
2: "Don't worry, next year you'll (probably) have enough money to buy some"
Surely there are international agreements with remedies for such situations? When do the coastguard step in and save the crew from dehydration/starvation?
On the other hand, unlike factory workers in a totally bankrupt organization, the ship crews will get paid - they get "priority" on the ship and cargo; if the ship gets sold in some auction or restructuring, the new owner can't take possession until the previous crew gets paid.