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Chinese steel mills turning away Ozzie ships, page-21

  1. 1,019 Posts.
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    Perhaps you should know these little things before;

    IO loaded ships don't sail from ports until they've received money from Chinese buyers or their remitting bankers. After the ship has set sail, it is importer's responsibility whoever that might be to handle goods at destination port, clear customs and then delivery to the buyer. They make a small fraction from it.

    IO companies also farm out shipping to third-party most of the time, mostly foreigners trying to make a quick buck, and they deserve it. These shipping vessels pay port levy dearly to WA gov. Big players use some of their owns, not all.

    If you ship Gold Ore instead of IO, its the same. Now think about it..... You are not willing to get paid for your product until your customer gets that product in another continent. What's the guarantee that they won't declare bankruptcy after they've got your goods.

    If you provide a date-stamped time lapse video of this circumstance, and it shows a pattern, then I'd look more into it.
    Last edited by sandy68: 21/09/21
 
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