Article

2008-10-13 Europe

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2008-10-13 00:00|| || Front Page|| [1 views ] Top

#1 A unpublicized consequence of the credit crisis is developing: "With many importers unable to get the credit to pay for their stock..., both exporters and shipping firms are left short-changed.
The reluctance of banks to issue letters of credit to shipowners an assurance to the shipper that its cargo will be paid for is already starting to have a severe impact on the industry."
The days when a ship's captain was given a chest of gold coins in return for offloading his cargo ended long ago. No credit, no imports is the modern rule.

Posted by Anguper Hupomosing9418 2008-10-13 09:48|| 2008-10-13 09:48|| Front Page Top

23:59 rjschwarz
23:56 rjschwarz
23:48 Barbara Skolaut
23:25 Betty
23:18 ex-lib
23:17 Flitch the Imposter aka Broadhead6
23:06 ex-lib
23:02 Frank G
23:02 trailing wife
22:53 Tranquil Mechanical Yeti
22:49 Frank G
22:47 rjschwarz
22:25 bigjim-ky
22:23 Old Patriot
22:19 JosephMendiola
22:14 JosephMendiola
22:07 JosephMendiola
22:03 g(r)omgoru
22:01 Griting Gonque8968
22:01 g(r)omgoru
21:59 g(r)omgoru
21:59 Whiskey Mike
21:51 g(r)omgoru
21:31 eltoroverde