NEWS AND EVENTS / NEWS / INCE & CO WELCOMES FAC REPORT INTO PIRACY

Stephen Askins

Ince & Co welcomes FAC Report into Piracy
Thursday 05 January, 2012

The House of Commons Foreign Affairs Committee Report on “Piracy off the coast of Somalia”, published today, sets out the findings of the Foreign Affairs Committee (FAC) enquiry into the efforts of the Foreign and Commonwealth Office (FCO) and the UK Government to combat increasing levels of piracy off the coast of Somalia.

As part of their enquiry, the FAC invited Ince & Co partner Stephen Askins, who has provided legal advice to the owners and underwriters of a number of vessels hijacked by pirates, to appear before the Committee and provide evidence in connection with some of the legal issues that arise in dealing with the threat of piracy.  Among other things, Stephen's input related to the use of private armed security guards (PASGs) and the payment of ransoms.

Use of PASGs

The report concludes that “the evidence in support of the use of armed guards is compelling” but that the “Government must provide clearer direction on what is permissible and what is not”.  The FAC recommends that, following the Government’s recent announcement that PASGs would be permitted on UK-flagged vessels, clear and unambiguous guidance on the use of armed force should be issued and that this should include provisions that the use of force should be proportionate, necessary and graduated.  The report also concludes that a national regulatory structure should be introduced so as to provide a level of quality assurance and ensure that an appropriate approach is followed in all UK-flagged vessels.  In respect of the carriage and transfer of weapons by PASGs, the report recommends that agreement be reached with those coastal states through which weapons were likely to need to pass in order to support the use of PASGs.

Ransoms

The report expresses its concern regarding the growth of the payment of ransoms and the escalating costs of piracy to the maritime industry but concludes that, given the commercial realities and the lack of viable alternatives, the Government should address this through the recovery of ransoms and prosecutions rather than making it more difficult for companies to secure the safe release of their crew.  In particular, the report concludes that the Government should not criminalise the payment of ransoms.

Stephen Askins commented: "We welcome this wide-ranging report and it would be great to see the UK government taking a lead in this area. A number of the proposed initiatives and recommendations are aimed at protecting commercial vessels and ,importantly, the crews who so often bear the brunt of the piracy attacks. That must be a good thing."
 

The 22nd Annual Insuring Export Credit & Political Risk

Date: Wednesday 29 - Thursday 01 March, 2012
Location: Hilton London Tower Bridge Hotel

Ince & Co partner Carol Searle and consultant Tony George are speaking at the Insuring Export Credit & Political Risk conference.

Yacht Insurance Seminar: A Practical Guide to Yacht Insurance

Date: Wednesday 29 - Thursday 01 March, 2012
Location: Prospero House

Ince & Co partner Daniel Jones will be speaking during the spotlight session on “The Yacht Refit – Insurance Issues”. The session will examine what happens when the yacht goes into refit, the new standard form contract, insurance obligations, common terms, ship repairs legal liability insurance and the waiver of subrogation requirements.

4th Chemical and Product Tankers conference

Date: Tuesday 06 - Wednesday 07 March, 2012
Location: London

Ince & Co Partner Stephen Askins will be speaking at the Chemical and Product Tankers conference on Piracy.

The 2nd Scandinavian Shipping & Ship Finance Conference 2012

Date: Wednesday 25 - Thursday 26 April, 2012
Location: Marriott Hotel, Copenhagen

Ince & Co partners Michael Stockwood, Kevin Cooper, Stephen Marais and Vincent Xu are hosting a one day pre-conference workshop on “Key strategies to achieving a consensual agreement maximising the benefits for both banks and owners”. The workshop will explore three key themes; restructuring shipping loans, enforcement, and issues relating to Chinese finance and involvement with Chinese shipyards.

AViCON: Aviation Disaster Conference

Date: Wednesday 25 April, 2012
Location: The Intrepid Sea, Air & Space Museum, New York, USA

Ince & Co consultant, Tim Scorer will be chairing the AViCON conference. AViCON is a bi-annual conference on aviation industry accident investigation, and conflict and claim resolution. Delegates will have the opportunity to listen to discussions led by legal and insurance experts to explore considerations and complexities of the case from accident investigation to legal discovery, multi-party litigation, and resolution. Delegates will gain a fuller understanding of the entire range of complexities involved in aviation safety.

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