Tracey Alloway

You know, you mentioned tracking commodities and shipments.

How do you do that exactly?

And is it different to what I can do?

Maps go.

Yeah, maps go is pretty cool.

I was looking up something the other day.

It was a it was a cargo of fertilizer leaving Saudi Arabia.

It was pretty easy to see like where the ship had left from and where it was going and whether it was on time.

So what exactly are you doing?

It's called the Peanut Tree Nut Association.

It's velocity of money, right?

So how are the banks actually handling this at the moment?

Because on the one hand, like, OK, the cost of actually shipping stuff has gone up.

On the other hand, the value of the underlying collateral, you know, assuming it's oil or maybe steel or something like that, has also gone up.

But on the other hand, as you point out, balance sheets are probably a little more restricted if you have these huge sums that are already tied up because the ships aren't actually moving.

What actually happens mechanically if I've financed a particular shipment and it is now hypothetically stuck in the Strait of Hormuz?

Like what conditions start to kick in?

Is voyage frustration an actual term?

Yes.

So I was looking up the toxic liquid that comes from cashews, and it's urish oil.