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A comment on A container ship lost a record 1,800 containers. Parent comment

Re:A container ship lost a record 1,800 containers by billylindeman on Monday December 07, 2020 @01:07AM (#25329753)
There's significant counterparty risk in that model. What happens when there is an incident and people don't have the money to pay up?
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Re:A container ship lost a record 1,800 containers by eru on Tuesday December 08, 2020 @03:52AM (#25343236)
You seize their cargo.
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Re:A container ship lost a record 1,800 containers by billylindeman on Tuesday December 08, 2020 @09:03PM (#25354479)
You seize the lost 1800 containers?
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Re:A container ship lost a record 1,800 containers by eru on Tuesday December 08, 2020 @10:17PM (#25354933)
The people who lost containers get paid compensation. If they don't want it, the shipping company doesn't care.

The people who didn't lose containers are the ones who have to pay up their share of the losses. If they don't pay, you seize their cargo.

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