I don’t want to name names, but my “source” was in the room when such things would have been discussed. While they could be spinning a line, I’ve no reason to doubt them.
As for lifo+ it’s been done to death. I don’t think it’s particularly fair, and while it may stop you being in the “wrong place at the wrong time” it relies on you joining the right company (on the right fleet also it seems) at the right time. As I said, I don’t see how that’s any more fair.