RETHINK SUPPLY CHAINS

“The books all this time were in India. What? Yes. Apparently, the books were in India. Christian had thought that they'd made it onto the bright pink ship, the one majesty, but that ship got waylaid in the Persian Gulf. The ship never even made it to India. So the books never got loaded onto it. They were never on the ship? No. They were never on the ship. Ah, what a relief.”

“He told me pay, by, crypto. Crypto? Yes. Very limited time. They they gave him very limited time. Only five seconds. Five seconds. Give him account. Five second, you must pay.”

“Hamid's friend told him the ship had to pay $1 per barrel of oil. And keep in mind, these ships, they are big. Very large crude carriers or BLCCs carry 2,000,000 barrels of oil. So these tolls could be as much as $2,000,000 each time. But Iran does not wanna be paid in dollars, Hamid's friend told him.”

“And what general average says is that if there's damage to some cargo on the ship, it's shared equally across all of the people who have cargo on the ship. So you all share in this together, including damage to the ship itself. It's actually you as a customer of the ship are liable, and you're on the hook, for that damage. The law makes makes sense in that if there's a disaster at on the high seas, the last thing you want is the sailors, the captain thinking about which cargo to throw overboard in order to save the ship.”

“We really kinda take it for granted that that anybody can just sail anywhere and nobody's gonna attack your ships and there won't be pirates and other countries' navies attacking you. But this is a pretty new phenomenon. And so this is a huge challenge to that order, which says, well, maybe maybe the US Navy can't guarantee freedom of navigation anymore. It's it's the heart of globalization. And so and it's global commerce. It's on some level, it's the modern world that we're all used to.”

“I mean, it would be a really big deal if you had a state in Iran that is now able to kind of dictate terms to The United States Of America as the end of American order. Like, that's the big deal. Like, the the dollar value of the toll, like, doesn't really matter. But if you're saying, hey. The US Navy is no longer the big boss of the seas. Like, wow. That really changes quite a few things. I think would cause a lot of companies that are thinking in a big systems, big picture kind of way to say, hey. Maybe doing global long distance trade is is too risky.”