4 ms·
Ports are reluctant to let the vessels unload as creditors would impound the vessels tying up valuable mooring space.
by thesehands 10y ago
Ports are reluctant to let the vessels unload as creditors would impound the vessels tying up valuable mooring space.
- amluto 10y agoIt seems like the receiving ports and their respective authorities should consider creating a process by which the ship can unload and cannot be seized while unloading or prior to leaving the port.
- dragonwriter 10y ago> It seems like the receiving ports and their respective authorities should consider creating a process by which the ship can unload and cannot be seized while unloading or prior to leaving the port. That's already happening in the U.S. (well, not "creating a process" so much as "using an existing process, to wit, Chapter 15 bankruptcy protection".) [0] [0] http://www.bloomberg.com/news/articles/2016-09-09/hanjin-wins-u-s-bankruptcy-shield-allowing-cargo-off-ships http://www.bloomberg.com/news/articles/2016-09-09/hanjin-win...