A successful cyber-attack could potentially trigger a range of legal disputes under the sale contract or charter party. This could include interruption of laytime, seaworthiness, non-payment of hire caused by diversion of payments and off-hire caused by breakdown in ship or shore equipment. There are also a range of potential legal disputes under commodity contracts, where the consequences of a cyber-attack might enable the parties to limit their liability for the financial consequences, or even avoid payment.
The 2016 PWC Global Economic Crime Survey listed cybercrime as ‘the fastest growing global economic crime’. Forbes is projecting the cost of cybercrime to reach $2 trillion by 2019. The BIMCO Seminar will look at the commercial consequences from a chartering point of view.
Mark Fiedel. Mark has been working with cyber security for several years, and is currently responsible for the cyber analysis department in the Danish Centre for Cyber Security (CFCS). The maritime threat assessment published last year came from the Threat Assessment Branch in his department.
Lars Jensen is CEO and founder of CyberKeel, which has been focusing on cybersecurity in the maritime industry since 2013. The key expertise areas for CyberKeel is the performance of security tests in combination with training and workshops assisting maritime companies in improving their cyber security defenses.
Richard Neylon is Partner at HFW in London. Richard specialises in shipping and crisis response. He acts for a range of shipowners, charterers and insurers, in wet and dry shipping disputes.
Aron Soerensen is Head of Maritime Technology & Regulation at BIMCO. He represents BIMCO on marine, operational and related matters at international organisations He has worked on cyber security development and software maintenance standards.
BIMCO members: EUR (excl. VAT @25%) 330.00
Non-members: EUR (excl. VAT @25%) 450.00