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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?
by billylindeman 6y ago
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?
- eru 6y agoYou seize their cargo.
- billylindeman 6y agoYou seize the lost 1800 containers?
- eru 6y agoThe 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.