Unless the contracts are out there for the public to review, we're only guessing as to payment terms.
Apparently a general contract will be circa 90% of agreed value within circa 2 weeks of the boat leaving port.
Assay and weighing upon receipt will set the final value. Assuming that's the case, first partial payment should be ~March 1st.
That said, the diesel spill in the port could throw a curveball here.
Who is being held to account and/or who will be financially liable for the environmental cleanup?
(I bet it won't be the buyers, even if their crappy ship was to blame)
Have we heard any more about that at this stage?
Unless the contracts are out there for the public to review,...
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