poor&unemployed

Are Analysts Being Fooled By The Data?

Cam,

Respectfully - why would a ship owner get involved with shippers problems of letter of credit.

Owner leases (charters) his ship to carry cargo. He collects freight for the cargo, either daily basis (time charter) or per tonne basis (voyage charter).

Owner spends his cashflow to pay the bank (mortgage) pay the operating expenses (including crew wages) and fuel, if vessel is leased on voyage charter.

Shipper - ships the goods and the receiver receives the goods. So the payment for the goods are not ship owners responsibility.

May be I am missing something.