SCMA

SCMA is pleased to announce that the 2^nd Annual SCMA conference will be held on Tuesday 20^th March 2012, once again at the Singapore Supreme Court- Auditorium.

The theme of 2012 conference will be:

Insolvency of a Global Shipping Principal – Understanding and Unravelling the Complications

Background

The setting is at some point in the near future and a European-based shipping principal with a global operation becomes quickly insolvent, triggered by multiple events of defaults brought on by the Eurozone financial crisis.

Fact scenarios involving:

1. Ships owned / chartered / bought / sold by the principal will cover dry bulk / wet bulk / container / O&G sectors and
2. Complications arising from various stages of charters, newbuilding deliveries & S+P set in against a global scenario will be used.

SCMA members will draw on their experience and expertise to present papers to delegates outlining the understanding and unraveling of multiple complications arising from mock scenarios. Overviews on issues regarding insolvencies including but not limited to jurisdiction, limitation of liabilities, calculation of loss of future earnings and other topical issues will also be covered.

The conference commence from 10:30hrs till 18:00hrs

The conference will be divided into 3 sessions and is designed to showcase & share SCMA members experience and expertise in arbitration and related fields of insolvency to the delegates. It is also designed to strengthen SCMA’s position as a

• Promoter of maritime arbitration in Singapore
• Seat of choice for maritime arbitration by maritime stakeholders
• Thought leader in terms of development of arbitration in a manner which is responsive to industry need

The MPA Maritime Cluster Fund is now available. Singaporeans and Singapore PR are entitled to a 50% course subsidy. *Limited to first 75 delegates only. Click here for more information.

The Organizer – Singapore Chamber of Maritime Arbitration (SCMA)

SCMA was established in 2004 and operated under under the umbrella of SIAC (Singapore International Arbitration Centre). In May 2009, SCMA was re-organized as a company limited by guarantee with its own set of re-drafted arbitration rules and started operating independently from SIAC. It is guided by its principal aim of providing a comprehensive framework for conducting maritime arbitration in Singapore which is responsive to the needs of the global maritime community. SCMA has members drawn from all sectors of the local and international maritime community and it has a panel of both local and international arbitrators all of whom are well versed with maritime matters. Consistent with SCMA’s model of un-administered arbitration, claimants and respondents have full autonomy to appoint arbitrators of their own choice or to appoint members from SCMA’s panel of arbitrators to resolve their disputes.

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