15th July 2020 | UK Chamber of Shipping Webinar | HFW
Join the UK Chamber of
Shipping, in conjunction with HFW, for an overview of the laws and practices
relating to the sale and disposal of end of life vessels. The Chamber's
Director of Policy, David Balston, will open the webinar with a brief
explanation of the UK Chamber of Shipping's ship recycling policy.
The recycling of end of life vessels is an essential facet of the world’s shipping industry. The recycling of ships is as economically necessary as their construction but it is only in recent years that attempts have been made to make its regulation an international imperative. With greater awareness of the dangers of environmental pollution and exposure to hazardous working conditions, those who sell end of life ships and who operate in the industry now do so in an increasingly complex regulatory regime and often under the scrutiny of environmental agencies and pressure groups.
HFW's William MacLachlan, Stephen Drury and Anisha Franklin, will explore these issues and highlight the risks and potential exposures of lenders and shipowners and of those who purchase the vessels (“cash buyers”) and how to manage them. On the commercial side they will look at the risk of third party claims in the recycling process and the inconsistent regulatory landscape faced by ship owners as they seek to balance the relevant rules, arising from international conventions, whilst safeguarding their reputations and promoting the goal of sustainability in global shipping.
The team will also provide a high level regulatory round up, alongside an
explanation of the role of banks in ship recycling and a review of current
industry led initiatives. At the end of the session, all attendees will be
invited to take part in a Q+A panel discussion, under Chatham House Rules.
Please Click Here to register for the webinar.
If you have any questions, please do not hesitate to get in contact with Priya Birk.