Risk Management in Shipping Conference 2011

Transcription

1 Supporting Industry Associations: Risk Management in Shipping Conference 2011 Protecting Shipping Businesses in an Increasingly Complex and Volatile World In-depth analysis of key shipping risks with more than 20 expert contributions! Tuesday 20 & Wednesday 21 September 2011 Jumeirah Carlton Tower Hotel, London Register by Friday 15th July 2011 to SAVE 200! Conference Chairmen: Richard Fulford-Smith, Managing Partner & Pierre Aury, Partner Both of RS Platou LLP, UK Key Themes Geopolitical Risks & Opportunities: including global economic outlook and the risks associated with shipping s dependency on China Commercial Risk Strategies: including managing charterparties in bad shipping markets and using FFAs to manage exposure Managing Financial Risk: including new SEC disclosure requirements Protection & Indemnity: including coping with unpredictable events and crew competence issues Meeting Piracy & Security Risks: including insurance implications and practical tips for shipowners to combat piracy Environmental & Social Risks: including Marpol, magic pipes and whistleblowers Crisis Management in Practice: including business continuity management planning and the advantages of an effective legal emergency response strategy Exclusive access to Lloyd s List online for 3 months for FREE! See inside for more details Gain Expertise and Insights from Leading Industry Players including: Braemar Seascope Chalos & Co. Clarksons Securities Ltd. Deloitte Business Solutions SA DVB Bank SE Forum for the Future G4S Plc. HSH Nordbank AG Ince & Co. Marsh Ltd. Meridian Marine Management Ltd. Moore Stephens LLP Norton Rose LLP Radley Yeldar RFIB Group RS Platou LLP Seward & Kissel LLP The Baltic Exchange The London P&I Club University of St. Andrews Registration Hotline: +44 (0) For latest programme and to book online, please visit: Supported by: Researched & Developed by: Scan with smartphone QR Reader App:

2 A Message from your Conference Chairmen Dear Colleagues We look forward to chairing this inaugural Risk Management in Shipping Conference which is supported by Lloyd s List and endorsed by key shipping organisations. Event organisers, informa Maritime Events, have put together a highly interesting programme agenda featuring an impressive line-up of industry figures, all of whom are ready to share their knowledge, expertise and insights on the most important risks affecting shipping today. We are sure this timely new conference will provide a unique opportunity to gain sharp insights into the key considerations shipping players need to take into account in an ever more volatile shipping business environment. We look forward to welcoming you at this exciting new event in London in September. Yours sincerely, Richard Fulford-Smith & Pierre Aury Managing Partner Partner Both of RS Platou LLP, UK Dear Colleagues I am delighted to provide you with complete details of this first Risk Management in Shipping Conference. I am very pleased that Richard Fulford Smith, Managing Partner and his colleague Pierre Aury, Partner, RS Platou LLP have kindly agreed to chair this event. Both Richard and Pierre are well known throughout the international shipping industry and I have no doubt that the conference will greatly benefit from their wide knowledge and their enthusiasm for the business. The virtues of sound risk management are widely recognised in today s world and an increasing number of companies are growing more serious in developing a risk-based approach to their business. Nowhere is it more applicable than the world of shipping which, trading globally in a frequently challenging financial and operational environment, is exposed to a greater array of risks than most businesses. Appreciation of risk within the industry is rising steadily due to a number of different factors, including the volatile shipping markets of recent years and today s greater emphasis on corporate governance. Our conference offers a rich programme of content the main elements of which are: Geopolitical Risks & Opportunities: short and medium term global economic outlook and associated risks including analysing the risks associated with shipping s dependency on China as well as the current changes in the Middle East and their impact for the tanker sector Commercial Risk Strategies: a spotlight on the dangers of getting competition law compliance wrong, how best to manage charterparties in bad shipping markets and using FFAs and managing exposure Managing Financial Risk: includes practical tips for risk management practices and new SEC disclosure requirements as well as executive liability Protection & Indemnity: examines new issues relating to claims, the implications of the UK Bribery Act and crew competence issues in an era of qualified crew shortages Meeting Piracy & Security Risks: rating the maritime terrorism threat, practical tips for shipowners to combat piracy and the insurance implications Environmental & Social Risks: Marpol, magic pipes and whistleblowers as well as assessing the challenges and opportunities in corporate social responsibility and social media today are some of the highlights Crisis Management in Practice: all-important practical tips for business continuity management planning and the advantages of an effective legal emergency response strategy I look forward to welcoming you in London in September for this important new industry event. Caroline Lowry Event Director Informa Maritime Events Sponsorship Opportunities This inaugural Risk Management in Shipping Conference 2011 offers an excellent opportunity to your company to further enhance its profile in the international shipping community. Sponsorship opportunities include social packages such as conference lunches, the conference drinks reception and refreshment breaks as well as business information packages including documentation folders and event bags. Packages can be tailored to meet your objectives and budget. For more information please contact Lauren Wilcox on +44 (0) or by lauren.wilcox@informa.com Supporting Media:

3 Risk M A Must Attend Event for: Shipowners Shipping Company Executives Ship Financiers Marine Insurance Executives P&I Managers Marine Insurance Brokers Class Societies Maritime Accountants & Consultants Maritime Lawyers In today's world, Risk Management is a subject that those involved in shipping ignore at their peril. Delegates attending the 'Risk Management in Shipping Conference 2011' will benefit from the experience of experts with direct, current, experience in a multitude of relevant issues. The importance of gaining an insight into key issues and understanding how they can be addressed cannot be emphasised enough. I am personally very much looking forward to being involved with this invaluable and challenging conference Faz Peermohamed, Ince & Co. Tuesday 20 September Registration & Coffee Welcome by Informa Maritime Events Caroline Lowry, Event Director INFORMA MARITIME EVENTS, UK Setting the Scene Introduction by Lloyd s List Steve Matthews, Editor Shipping Economics & Finance LLOYD S LIST, UK Chairman s Opening Remarks Richard Fulford-Smith, Managing Director RS PLATOU LLP, UK Geopolitical Risk & Opportunity Global Economic Outlook in a World with an Abundance of Risks! Impact of social unrest in the Middle East Could the US fall back into recession? Eurozone debt crisis: what IF? Recovering of emerging economics: build on bubble-like capital inflows? The US Central Bank: paving the way for double digit inflation and a dollar crisis? Cyrus de la Rubia, Senior Economist Economics & Research HSH NORDBANK AG, Germany Changes in the Middle East: Scenarios for Tankers Short term challenges Medium term prospects Customers and the west/east shift in demand Kate Fisher, Senior Tanker Analyst BRAEMAR SEASCOPE, UK Shipping s China Dependency China: will it grow forever? How big is the risk of the Chinese banking sector to destabilize the economy? The main trading routes of China today and in the future Which shipping sectors and lanes will benefit most from China s increasing economic power? Cyrus de la Rubia, Senior Economist Economics & Research HSH NORDBANK AG, Germany Questions & Discussion Coffee Exclusive access to Lloyd s List online for 3 months! If you register for this conference you will receive unlimited access to Lloyd s List online information, news, data and analysis for an extensive period of 3 months for FREE! Sanctions: Protecting Against Non Compliance Counterparty risk assessment and management Effective strategies for risk management A discussion of the procedures for: - Understanding and communicating the prohibited / restricted trades - Putting in place robust know your client checks - Reliance on independent sources of information - Risk assessment methods: what are the red flags? Philip Roche, Partner NORTON ROSE LLP, UK Commercial Risk Strategies Competition Law Compliance: The Dangers of Getting it Wrong Prohibitions under competition law and recent cases in the maritime sector Risk areas and how to manage them The consequences of breaching the law Compliance programmes: what they offer and how they work Ian Giles, Senior Associate NORTON ROSE LLP, UK Charterparty Management in Bad Shipping Markets The credit markets to date A short history on charterer default Insurance solutions for C/Ps and COAs including considering their strengths and weaknesses What makes a risk interesting to an underwriter Banking solutions Bespoke policies Looking to the future Nicholas Roscoe, Managing Director Marsh Global Marine Practice MARSH LTD., UK Questions & Discussion Lunch Using Freight Derivatives and Managing Exposure Update on FFA markets and clearing house initiatives Regulation of the derivatives markets Current derivative appetite Alex Gray, Chief Executive Officer CLARKSONS SECURITIES LTD., UK The Banker s Perspective: A Financial View Forward charter coverage in a volatile era Residual value insurance Protecting the loan Dagfinn Lunde, Member of the Board of Managing Directors / Head of the Shipping Division DVB BANK SE, Germany To register call the booking hotline: +44 (0)

4 anagem Crew competence is highly important for the efficient and safe ship operation. In today s complex world, technology gives rise to sophisticated vessels with greater efficiency and environmental-friendly features and seafarers should have both the technical knowledge as well as the personal competencies to respond successfully to the requirements of the job. The shipping business of today requires well-trained, skillful people with a good understanding of technology, safety and people management. I very much look forward to sharing my insights with all attendees at this first Risk Management in Shipping Conference Eleana Giabana, Deloitte Business Solutions S.A. I am excited about participating in this event not only to share my experiences on the practical side of risks old and new facing shipowners P&I wise but also to learn from well renowned speakers involved in the financial risk side Garry Stevens, The London P&I Club Managing Financial Risk Risk Management Practices and New SEC Disclosure Requirements Dodd-Frank Act Other implications for international shipping companies listed in the US Public listing Private equity: keeping the private investor happy (KGs etc.) Rob Lustrin, Partner SEWARD & KISSEL LLP, USA Questions & Discussion Tea Executive Liability Directors & Officers (D&O) liability insurance: its relevance to the shipping sector Hot topics of the moment: - Bribery and corruption - Foreign Corrupt Practices Act - Raising capital Mitigating the risk and protecting the various interests of the shipping company and its directors Adrian Jenner, Senior Vice President Management Liability MARSH LTD., UK Industry Panel Discussion: Commercial and Financial Risk Control How to Get it Right Do shipowners today need to use the most sophisticated tools available? Is there a risk of over sophistication? Are derivatives compatible with the reporting of publicly listed companies? Does diversification or specialization offer the best risk management for owners and investors? Featuring the participation of: Alex Gray, Chief Executive Officer CLARKSONS SECURITIES LTD., UK Dagfinn Lunde, Member of the Board of Managing Directors / Head of the Shipping Division, DVB BANK SE, Germany Rob Lustrin, Partner SEWARD & KISSEL LLP, USA Robert Noye-Allen, Head of Governance Risk & Assurance MOORE STEPHENS LLP, UK Jeremy Penn, Chief Executive Officer THE BALTIC EXCHANGE, UK Wednesday 21 September Coffee Chairman s Remarks Pierre Aury, Partner RS PLATOU LLP, UK Protection & Indemnity P&I - Old Chestnuts and New Issues Claims issues; Ore cargoes / Collisions/bridge teamwork / Fatigue / Stowaways (UK Bribery Act implications) / Drugs found on board (Venezuela) Operational issues; Sanctions / Japan radioactive cargoes etc. Legal; Charterer defaults - P&I Club FDD support Garry Stevens, Associate Director THE LONDON P&I CLUB, UK Crew Competence Issues in an Era of Qualified Crew Shortages A global overview of the current situation Crew nationalities salary ranges Career prospects in the shipping profession Education as an important factor for seafarers pipeline Best & worst case practices in attracting and sustaining qualified seafarers What can be done Eleana Giabana, Partner Human Capital Service Line DELOITTE BUSINESS SOLUTIONS S.A., Greece Industry Panel Discussion: Can P&I Clubs Play a Leadership Role in the New Age of Risk? How are clubs dealing with tsunamis, sanctions and piracy? Should P&I clubs broaden their product range and does this reduce risk of supplementary calls? Interacting with P&I clubs: can the owner s P&I club be its risk management desk? Are clubs doing their part to fight criminalisation against seafarers? Would the ending of the International Group Agreement unduly expose shipowners? Featuring the participation of: Faz Peermohamed, Partner INCE & CO., UK Nigel Russell, Director RFIB GROUP, UK Garry Stevens, Associate Director THE LONDON P&I CLUB, UK Open Forum & Chairman s Remarks Drinks Reception Questions & Discussion Coffee For latest programme and to book online, please visit:

5 yent Rob Lustrin, Seward & Kissel LLP The last three years have shown more than before the importance of understanding risks in shipping, both liquidity risk, financing risks, re-financing risks and counterparty risks. This event will help you better understand these risks and get to know how to avoid the biggest pitfalls Dagfinn Lunde, DVB Bank SE Delegates will benefit from insights into current trends in the capital raising for shipping companies from a unique and high-level perspective This Risk Management in Shipping Conference promises to be a terrific event, with a fantastic roster of expert speakers: a great opportunity to network with fellow industry leaders and gain insight into the current key risk issues affecting the shipping industry Adrian Jenner, Marsh Ltd. A must attend event addressing all the latest information on key maritime risks George M. Chalos, Chalos & Co. Meeting Piracy & Security Risks Rating the Maritime Terrorism Threat The nightmare chart of maritime terrorism : why the high-impact, low-probability scenarios failed to happen Acts of maritime terrorism so far: terrorists reasons for keeping it simple on the maritime front Al Qaeda s maritime strategy over the years: why it is premature to completely dismiss the threat of maritime terrorism Peter Lehr, Lecturer in Terrorism Studies UNIVERSITY OF ST. ANDREWS, UK Combating Piracy: Strategies for Shipowners International legal overview, context of drivers surrounding increase in piracy and international community response Operational solutions to combat piracy: application and effectiveness of Best Management Practices Commercial solutions: Private Maritime Security Companies (PMSC s) industry guidelines and choosing the right partner Long term prognosis for piracy and the likely response from the international community David Fairnie, Director Global Port Solutions G4S PLC, United Arab Emirates War Risks / Kidnap and Ransom Insurance Issues Is 2011 the worst year for war risks and K&R insurance in the Gulf of Aden / Indian Ocean? Use of armed guards: legal or not? Is Al Qaeda a threat to K&R insurance? Nigel Russell, Director RFIB Group, UK Questions & Discussion Lunch Environmental and Social Risks Marpol, Magic Pipes and Whistleblowers Post 9/11 US Coast Guard vessel initiatives Corporate environmental compliance programmes Civil and criminal investigations Crew detentions, fines and penalties Whistleblowers Has the shipping industry improved? George Chalos, Lawyer CHALOS & CO., USA A Strategic View on Risk: Looking 30 Years Ahead 7 global trends that will shape the shipping industry Managing risk: what questions should we be asking now? The Sustainable Shipping Initiative: creating a sustainable industry Sam Kimmins, Principal Sustainability Advisor FORUM FOR THE FUTURE, UK Challenges in Corporate Social Responsibility and Social Media How do you capture social media's potential to build relationships while avoiding the risks? What s the theory behind social media? Which companies are already putting these theories into practice? Ben Richards, Senior Sustainability Consultant RADLEY YELDAR, UK Questions & Discussion Tea Crisis Management in Practice Shipowners & Shipmanagers: Are the Risks Equally Shared? What services are on offer What risk whose reputation Contract first worry later Does size matter? Insurance a legal prophylactic Alastair Evitt, Managing Director MERIDIAN MARINE MANAGEMENT LTD., UK Business Continuity Planning and Crisis Management Maritime emergencies and protecting your assets Why your assets are vulnerable to attack following a casualty How will this impact on your bottom line? What steps can you take now to protect your investment should the worst occur Advantages of a well thought out Legal Emergency Response strategy Faz Peermohamed, Partner INCE & CO., UK Open Forum & Chairman s Concluding Remarks Close Future Informa Maritime Events 21st International Ship Management Business Conference September 2011, Copenhagen 6th Turkish Shipping & Ship Finance Conference October 2011, Istanbul 24th International Ship Finance & Investment Conference November 2011, London Visit our website at Lloyd s Maritime Academy Seminars Ship Finance Schools 5-9 September 2011, Cambridge University, November 2011, London Ship Finance Masterclass 4-6 October 2011, London Contact maritimecustserv@informa.com or visit our website Book by on: maritimecustserv@informa.com

6 Risk Management in Shipping Conference 2011 Tuesday 20 & Wednesday 21 September 2011 Jumeirah Carlton Tower Hotel, London VIP CODE: LE/ILP/CL/LD/JS/SA/TR Event Code FKT2237 Gain Expert Insights that Will Make a Difference! 6 EASY WAYS TO REGISTER Customer Services Tel: +44 (0) Fax: +44 (0) : maritimecustserv@informa.com Mail: PO Box 406, West Byfleet KT14 6WL, United Kingdom Web: com/riskmanagement App: Scan with smartphone QR Reader App: ELECTRONIC DOCUMENTATION AVAILABLE You can purchase the Risk Management in Shipping Conference 2011 electronic documentation at just 399 per set. For more information please contact us, Tel: +44 (0) , Fax: +44 (0) or : papers.info@informa.com STEP 1: CHOOSE YOUR PACKAGE (please tick option) 2 Day Package Conference Only Dates 20 & 21 SEPT 2011 STEP 2: DELEGATE DETAILS Register by 15 July (plus 20% = ) SAVE 200 Register by 26 August (plus 20% = ) STEP 3: PAYMENT DETAILS Enclosed is a cheque made payable to Informa UK Ltd (Ref: FKT2237) Please charge my credit card Card No Expiry Date CVV Number Card Holder s Name Card Billing Address Contact Tel No Informa UK Ltd Registered in England and Wales No (GB) Registered Office: Mortimer St, LondonW1T 3JH VAT registered No. (GB) SAVE 100 Register after 26 August (plus 20% = ) If you book more than 2 delegates, the 3rd and each subsequent delegate from the same company will receive 200 off the booking fee All discounts can only be claimed at the time of registration and multi-booking discounts cannot be combined with other discounts that may be available. Further discounts are subject to approval. We are happy to accept a replacement delegate for the whole event, however delegate passes cannot be split or shared between delegates under any circumstances. Please note the conference fee does not include travel or hotel accommodation costs. The VAT rate is subject to change and may differ from the advertised rate. The amount you are charged will be determined when your invoice is raised. 1st Delegate Mr/Mrs/Ms Job title Company Address Fax Nature of Business Billing Address (if different from above address) Yes! I would like to receive information about upcoming events by . By giving you my address I am giving ONLY Informa companies the permission to contact me by 2nd Delegate Mr/Mrs/Ms Company Address Fax Signature Date / / Yes I agree to the Terms & Cancellations Conditions as stated on this form For payment by Bank transfer (excl. US$ & HK$) Informa UK Ltd, Account Name: IIR Ltd. Account Number: NatWest Bank Plc, 25 High Street Colchester, Essex. CO1 1DG,UK. Sort Code: SWIFT code: NWBKGB2L. IBAN: GB25NWBK Ref: FKT2237 and delegate s name Delegates who do not pay with their booking are requested to provide a copy of their credit card / cheque details to help payment allocation. Staff at the event will request a credit card guarantee for delegates without proof of payment. Yes! I would like to receive information about upcoming events by . By giving you my address I am giving ONLY Informa companies the permission to contact me by 3rd Delegate Mr/Mrs/Ms Company Address Fax For further information on payment details please call +44 (0) Discount Yes! I would like to receive information about upcoming events by . By giving you my address I am giving ONLY Informa companies the permission to contact me by Line Manager Mr/Mrs/Ms Booking Contact Mr/Mrs/Ms fax fax (CVV: Last 3 digits on signature strip on back of credit card. AMEX - 4 digit number on front of card) Sign up for your free 5-day trial of Lloyd s List today. Contact Loukia Tsagkli at loukia.tsagkli@informa.com Lloyd s and Lloyd s Crest are the registered trademarks of the Society incorporated by the Lloyd s Act 1871 by the name of Lloyd s. VENUE DETAILS Jumeirah Carlton Tower Hotel On Cadogan Place London SW1X 9PY Tel: +44 (0) Fax: +44 (0) ACCOMMODATION DETAILS The cost of accommodation is not included in the event fee. Please contact the hotel directly to arrange your accommodation: Reservations Manager Merje Nommik can be contacted via telephone on +44 (0) or by on merje.nommik@jumeirah.com Please quote the booking code INF to receive our negotiated rate. SPECIAL REQUIREMENTS Please list below any special requirements you may have: FEE: Bookings made within two weeks of the event must be accompanied by a credit card confirmation. ARE YOU REGISTERED?: You will always receive an acknowledgement of your booking. If you do not receive anything please call us on +44 (0) to make sure we have received your booking TERMS AND CONDITIONS: Attendance at this Event is subject to the Informa Maritime Events (IME) Delegate Terms and Conditions at IMEtermsandconditions. Your attention is drawn in particular to clauses 6, 8 and 14 of the IME Delegate Terms and Conditions which have been set out below: CANCELLATION POLICY: If you cancel in accordance with this policy, you will receive a refund of your fees paid to IME (if any): (i) if you cancel your registration 28 days or more before the Event, subject to an administration charge equivalent to 10% of the total amount of your fees plus VAT; or (ii) if you cancel your registration less than 28 days, but more than 14 days before the Event, subject to an administration charge equivalent to 50% of the total amount of your fees plus VAT. 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