Could someone please explain exactly how loot in CT will work?

[Djeserit]

4 bosses, 1 chest per group per boss. Once you get an item, you can no longer obtain any loot from CT for the rest of the week.

You can run as much as you want, but you get 1 shiny a week.

[Starlord]

4 bosses, 1 chest per group per boss. Once you get an item, you can no longer obtain any loot from CT for the rest of the week.

You can run as much as you want, but you get 1 shiny a week.

Well the interview from where that info came from didn't ask far. He didn't ask questions like "Will we get Loot from each boss *Each boss has it's own loot lock*?" And a Very big Question is. " If everyone but the person that needs it doesn't loot on it, will the person that didn't loot but still needs it fall to him?" Or will it be wasted?