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 22 - Wednesday 23 May, 2012
Location: Dexter House, London
Ince & Co partners Kevin Cooper and Stephen Askins are leading a workshop on “Responding to and managing a Piracy incident” on Wednesday 23 May.
Date: Wednesday 20 June, 2012
Location: London
Ince & Co partner Stephen Askins is participating in the First BIMCO seminar on GUARDCON, the much anticipated GUARDCON standard contract for the employment of security guards on vessels, on Wednesday 20 June.