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  • Surviving the Short-Term to Participate in the Long-Term [View article]
    great job as always Richard. Consider this:

    The letter of credit is the base of the international shipment business: individual importer or exporter credit risk needs to be accepted between banks to ship any container or cargo. As banks were not accepting any risk from another banks, the worldwide flow of goods and credit has been frozen. “I just chartered a 40.000 tonnes Handymax to go to the US Gulf from India for $ 1000 a day”. Shipping cargo broker October 27 2008. The low charter rates indicate that not much was being shipped in October 2008, apart from cargoes going from one highly creditworthy entity to another. How much you will pay for (imported) food or any stuff when stocks be depleted?

    Oct 28 15:54 pm |Rating: 0 0
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