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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 likel
by aristus 10y ago
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.
- bwilliams18 10y agoThe 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.
- thesehands 10y agoYep, one would expect a quick consult of incoterms on the b/l would quickly clear up ownership per container.