How are the Pirate getting their ransom money?
What kind of banking are the Pirates using? Is it Swiss, Somalian, or Carribean? Are, they using a escrow account?
-AP. 11.17.08
ROME – The Saudi foreign minister says the owners of a hijacked oil tanker are negotiating with the pirates that are holding it.
Prince Saud Al-Faisal spoke Wednesday after talks in Rome with his Italian counterpart.
Asked if he could confirm reports that a ransom had been demanded, he said the owners of the tanker "are negotiating on the issue" but did not elaborate.
He says the Saudi government does not like to negotiate with "pirates, terrorists or hijackers" but the owners of the tanker are "the final arbiter" on the issue.
The MV Sirius Star was seized off the Kenyan coast Saturday with 25 crew members and has been taken to a pirate stronghold off the Somali coast. The ship's oil cargo alone is estimated to be worth $100 million.
-AP. 11.17.08
ROME – The Saudi foreign minister says the owners of a hijacked oil tanker are negotiating with the pirates that are holding it.
Prince Saud Al-Faisal spoke Wednesday after talks in Rome with his Italian counterpart.
Asked if he could confirm reports that a ransom had been demanded, he said the owners of the tanker "are negotiating on the issue" but did not elaborate.
He says the Saudi government does not like to negotiate with "pirates, terrorists or hijackers" but the owners of the tanker are "the final arbiter" on the issue.
The MV Sirius Star was seized off the Kenyan coast Saturday with 25 crew members and has been taken to a pirate stronghold off the Somali coast. The ship's oil cargo alone is estimated to be worth $100 million.
Comments
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I believe they have a paypal account
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If negotiations fail,there's always the bailout.
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Most likely they'll want US $100 bills or gold.
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bohuma wrote: Most likely they'll want US $100 bills or gold.
So, they send an actual person with the ransom? -
they probably want to be paid off with goats.
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Hamilton wrote: they probably want to be paid off with goats.
Their pirates not farmers, sir. You can not buy RPG's with goats. Maybe you posted on the wrong thread? -
Subject: Re: How are the Pirate getting their ransom money?
worldwide trader wrote: What kind of banking are the Pirates using? Is it Swiss, Somalian, or Carribean? Are, they using a escrow account?
My first thought was what a bullshit question. But seriously. WTF? $30M this year that they are spending on ships and whatnot, reportedly. How the hell do you move and cleanse and use that kind of money in this sort of situation? I have no clue, and failed to find in answer in four minutes of google, which is rather unusual. My curiosity is piqued. -
Ah. Should have spent FIVE minutes...
And when the payday comes, the money sometimes literally falls from the sky.
http://news.yahoo.com/s/ap/20081119/ap_on_re_af/af_pirate_boomtown
Pirates say the ransom arrives in burlap sacks, sometimes dropped from buzzing helicopters, or in waterproof suitcases loaded onto tiny skiffs in the roiling, shark-infested sea.
"The oldest man on the ship always takes the responsibility of collecting the money, because we see it as very risky, and he gets some extra payment for his service later," Aden Yusuf, a pirate in Eyl, told AP over VHF radio.
The pirates use money-counting machines — the same technology seen at foreign exchange bureaus worldwide — to ensure the cash is real. All payments are done in cash because Somalia, a failed state, has no functioning banking system.
"Getting this equipment is easy for us, we have business connections with people in Dubai, Nairobi, Djibouti and other areas," Yusuf said. "So we send them money and they send us what we want."Stolberg, convinced that he was approaching a breakthrough, encountered an unexpected obstacle in Germany. The state bank in Bremen did not have enough dollars on hand. Bank notes had to be brought in from Hamburg, and because the state bank there could only pay out a portion of the large sum in $20 bills instead of $100 bills, the shipping company needed two large pilot suitcases to accommodate all of the money. It was then flown to the Kenyan capital Nairobi, where it was loaded onto a helicopter and taken to a small tugboat in the port city of Mombasa. From there, the English security firm took the ransom money to Somalia. After seven days, the tugboat had reached the "BBC Trinidad."
http://www.spiegel.de/international/world/0,1518,578495-2,00.html
On Thursday morning of last week, two boots were moored to the Beluga freighter, the hijackers' speedboat on one side and the tugboat from Mombasa on the other. A doctor examined the crew and the pirates counted the money. Martin, the head of the security firm, recognized the pirates. He had handed over a similar sum of money a few weeks earlier to secure the release of the German ship "Lehmann Timber." The pirates divided up the money and placed it into 18 bags, presumably to pay 18 different clans. Then they left the ship, and the "BBC Trinidad" was allowed continue its voyage to Muscat. -
A: Dubloons!
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maybe they should enlist the help of GM and get the $ from the government?
http://gmfactsandfiction.com/
what a load of crap. GM et al have been going under for 30 years. Go under already.
...pirates! -
caaahyoko wrote: A: Dubloons!
I prefer pieces of eight. -
how fascinating is this whole thing? And seriously, if I were going to take my big honking tanker out for a spin, wouldn't I hire some guy who's not likely to get seasick to take his big automatic weapon and shoot the dudes on the tiny speedboat that just zoomed up beside me?
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I dunno, I might nap off at the bridge of my supertanker, if I was 450 miles at sea on autpilot, and nothing had ever been done to my other friends who had supertankers.
...but I would certainly have the aformentioned automatic weapon guy on duty from this date forward.
...it's kinda like the USS Stark, wherein the Navy allowed a little boat to rub up aganst one of its in DESTROYERS (of all things) in the PERSIAN GULF (of all places).
...needless to say, little boat was a bomb, went boom, made big hole in Stark, and killed a bunch of people.
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