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Dan- sailboats are an exception, basically maritime law atempts to give the vessel with the least ability to change course right of way, if I remember corectly in aviation hot air balloons have right of way over almost everything else.
As far as the video, it actually looks more controlled than most traffic lights here, there you know someone may turn in front of you, here it is assumed that they will stop.
Green = go slowly
Yellow = speed up
Red = go for the first 20 seconds, after that it means stop
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