Paying Ransoms - could the US make this more difficult?
Tuesday 16 March, 2010
According to a number of reports in trade press and recent comments from the US State Department,
the US administration seems to be flying a kite to test national and industry reaction to an initiative which may use existing UN Resolutions and the US OFAC (Office of Foreign Assets Control) Regulations (“Regulations”) to allow them to take action, including the banning of ships involved from US ports, against shipowners who pay ransoms to Somali pirates.
Stephen Askins reports on possible new US regulations on the payment of ransoms to pirates and the effect these could have on shipowners and others involved in the ransom process.
Paying ransoms - could the US make this more difficult? (pdf)
In a recent interview Stephen Askins told the BBC News website that the debate on the use of armed guards was one that polarised the industry.
Date: Tuesday 14 - Wednesday 15 September, 2010
Location: Olympia, London
Ince & Co partner Stephen Askins is speaking at the NATO Conference – Dedicated to Hardening Vessels Against Attacks by Pirates that is being held on the first day of the Transport Conference. The NATO conference provides a unique opportunity to take part in a tactical floor exercise which follows a vessels’ voyage from departure in Rotterdam to the attack point in the Gulf of Aden and will follow the vessel through its journey including the attack, capture and release.
Date: Tuesday 14 - Thursday 16 September, 2010
Location: Hilton Istanbul, Turkey
Ince & Co partners Paul Herring and Jonathan Elvey will be speaking during the course of the BIMCO Masterclass Workshop on: Norwegian Saleform 1987 and 1993, Arbitrating Disputes, Remedies for Breach of Contract and The Shipbroker’s Role.
Date: Monday 27 - Tuesday 28 September, 2010
Location: Amara Hotel, Singapore
Ince & Co Senior Marine Manager Clive Reed will be speaking during the seafarers & crew management conference.
Date: Tuesday 28 - Wednesday 29 September, 2010
Location: Marina Bay Sands, Singapore
Ince & Co Senior Associate Martin Brown will be speaking on the 28th September.
Date: Wednesday 29 - Thursday 30 September, 2010
Location: Mandarin Orchard Hotel, Singapore
Ince & Co Partner Denys Hickey will be speaking on the 30th September on: 'Contract provisions for preventing and resolving disputes' and 'How to achieve a win-win outcome in putting together a coal supply agreement.'