The Lloyd’s List Transparency in Shipping Forum — Listen Live
Lloyd’s List kicked off London International Shipping Week with an expert exploration of transparency in shipping, from sanctions risk mitigation to the technology pitfalls of opening up data sharing. You can listen to both panel discussions here
Insurance, legal, security and technology experts converged on London to discuss why transparency is potentially a double-edged sword for shipping stakeholders. For every digital advance that enhances efficiency and secures compliance, there are risks of liability and insurance risk
SHIPPING’s corporate veil is being pierced by ever more stringent financial and regulatory compliance requirements. Avoiding sanctions requires increasingly forensic due diligence across the supply chain to ensure security ‘red flags’ are not raised by international governments and agencies that now monitor every aspect of shipping’s trade links.
On the upside, a fully digitalised supply chain offers a variety of new opportunities but, on the downside, data standardisation and sharing brings with it potential problems surrounding data storage, ownership and transparency.
Transparency is potentially a double-edged sword for shipping stakeholders. For every digital advance that enhances efficiency and secures compliance, there are risks of liability and insurance risk.
The Lloyd’s List Transparency Forum kicked off London International Shipping Week with a timely discussion around the topic of transparency in shipping on Monday September 9. You can listen to both panel discussions in full here, but don’t forget to check out the edited highlights and analysis via the special daily edition of the Lloyd’s List LISW Podcast.
The Lloyd’s List Transparency in Shipping Forum – Panel 1 Sanctions and Risk Mitigation
This audio recording of the first panel addresses the issue of sanctions and how shipping can best mitigate the risk of being caught up in the increasingly forensic attention of governments seeking to crack down on sanctioned states. The session features a discussion hosted by Lloyd’s List Editor Richard Meade and a panel consisting of:
• Mark Church, director, North P&I
• Catherine Gwilliam, CEO, Geollect
• Neil Roberts, head of marine and aviation at the Lloyd’s Market Association
The Lloyd’s List Transparency in Shipping Forum – Panel 2 – Technology and Transparency
This audio recording of the second panel looks more generally at transparency in shipping via the enhanced digitisation push, data sharing and standardisation, but also at the requirements of banks and regulators requiring shipping to be more transparent. The session features a discussion hosted by Lloyd’s List Editor Richard Meade and a panel consisting of:
• Professor Peter McBurney, head of technology consulting at Norton Rose Fulbright
• Sally-Ann Underhill, partner, Reed Smith