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Reply #46: shippers need letters of credit [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Celebration Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-15-09 08:30 AM
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46. shippers need letters of credit
Couldn't get them for awhile, I know. There were full ships not allowed to leave port. This was back in October and November. This may be slightly better now but there is a lag time before the effects would hit the retail stores.

I am not sure how it works logistically. It could be that some retailers have more clout to get the good shipped than others. Or, maybe they stepped up to the plate and guaranteed further up the chain. Others weren't able to.

Consider that for awhile major universities could not meet their short term funding needs. We had all those government credit interventions for a reason, people.

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