For this joint webinar, SCMA and Institute of Chartered Shipbrokers (ICS) Singapore brought together representatives from ship and cargo owners, and the legal industry, to discuss how arbitration can help parties resolve disputes amicably and maintain commercial relationships.
In commercial maritime disputes, a party often tries to “settle” the matter and in quite a few cases, either agree on an unfavourable settlement, even if they have a strong case or consider the financial and relationship costs of commencing arbitration as significant deterrents. There is a perception among the commercial maritime community that commencing an arbitration means the end of the relationship with the counterparty. Is this a correct perception or a misconception? Participants had the chance to hear from the actual business and legal professionals involved in the process.
This webinar explored the idea that commercial disputes are part and parcel of doing business. If resolved through arbitration in a cost-effective, efficient and fair manner, parties may achieve closure on their disputes and move on with future business dealings with each other.
Opening Remarks by:
• Capt. Subhangshu Dutt, Chairman, ICS Singapore Branch
• Jaimie McBain, Director, Oldendorff Carriers (Singapore) Pte Ltd & Member of SCMA Users Council
• Capt. Jaspreet Chhabra, Global Freight Operations Manager, Louis Dreyfus Company Freight Asia Pte Ltd & ICS SG Exco Member
• John Simpson, Partner, Stephenson Harwood & SCMA Board Member
• Prem Gurbani, Arbitrator, Mediator and Counsel & Panel Arbitrator of SCMA
• Punit Oza, Executive Director, SCMA & Vice-Chairman, ICS Singapore Branch
4 August 2020, 4:00pm - 5:30pm (Singapore Standard Time)
Public event, registration required
About the Organizer
Singapore Chamber of Maritime Arbitration
Established in 2004 and reconstituted as an independent institution in 2009, the Singapore Chamber of Maritime Arbitration (SCMA) aims to be the seat of choice for global maritime and international trade arbitration.
SCMA provides an arbitration framework that is responsive to the needs of maritime and trading users. Together with SCMA’s specialised Panel of Arbitrators, SCMA offers the maritime and international trade communities a cost effective, flexible and neutral approach to resolve disputes fairly and expeditiously.
Institute of Chartered Shipbrokers (ICS) Singapore Branch
As a major provider of education and training, the Institute of Chartered Shipbrokers (ICS) sets and examines the syllabus for membership, providing the shipping industry with highly qualified professionals. ICS is the only internationally recognised professional body in the maritime arena and it represents shipbrokers, ship managers and agents throughout the world.
With 25 branches in key shipping areas, 4000 individuals and 120 company members, the Institute’s membership represent a commitment to maintaining the highest professional standards across the shipping industry. Founded in 1911, the Institute was awarded a Royal Charter in 1920. The Charter was amended in 1984 to open the member companies and non-British subjects. As a result, the Institute is now truly international and provides a great deal of opportunity for networking.