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The 2020 Global Sulphur Cap: are you ready?

Reed Smith LLP


Description

On 1 January 2020 amendments to the International Maritime Organisation’s (IMO) International Convention for the Prevention of Pollution from Ships enters into force. Complying with the new regulations potentially requires more expenditure than the shipping industry has ever had to face. Join us as we discuss:

  • How we got here and what the new requirements are
  • Options for compliance, including scrubbers and alternative fuels
  • The BIMCO 2020 Fuel Transition Clause and its use in time charter parties

Speakers

Ron Clark
Ron Clark’s practice specialises in casualty-related work from initial emergency response to collisions, groundings, fire/explosion and salvage to their subsequent tortious and contractual disputes. Prior to legal practice, he qualified as a master mariner, serving on a wide variety of vessel types including general cargo, bulk carriers, reefer, containerships, product tankers, VLCC, ro-ro and passenger ships. Mr Clark has also served as a marine surveyor for the UK government, where his duties included the survey of ships for the issue of safety and environmental certification. Relocating from London to Hong Kong in 2008, he has since been involved in many of the highest profile casualties in Asia. Mr Clark wrote a white paper on the IMO 2020 requirements and options for compliance which has been published on Lexology.

Marcus Dodds
Marcus Dodds has one of the broadest practices of all partners within the shipping group. He is an experienced litigator, capable of handling both dry-shipping, offshore and admiralty matters and also has extensive experience in non-contentious matters. A leading partner in offshore matters, he is also a leading lawyer in the liquefied natural gas shipping practice and has been engaged as legal advisor to SIGTTO for many years. Before qualifying as a solicitor, Mr Dodds served in the Merchant Navy for 11 years on a wide variety of vessel types, including gas carriers, break-bulk, reefer and container ships, as well as specialist mooring handlers. He advises a number of clients on commercial issues and potential disputes relating to the IMO 2020 regulations and has written numerous articles on the topic.

Jane Sarma
Jane Sarma is a partner in Reed Smith's shipping practice. Her areas of focus include ship finance, US regulatory compliance and sanctions, bankruptcy and troubled finance workouts, maritime litigation and arbitration matters, including charter party disputes, vessel arrests and asset foreclosure. Ms Sarma regularly provides assistance relating to US sanctions, anti-boycott and Foreign Corrupt Practices Act compliance, and restructuring and bankruptcy on different finance and other transactions within the shipping industry. She has recently been involved in setting up a number of structures for the financing of scrubbers to comply with the IMO 2020 regulations.

Speakers


Ron Clark
Marcus P. Dodds
Jane Sarma

Details

Date
11 April 2019
Time
13:00 - 13:55 UTC
Duration
55 min
Language
English
Location
Online