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The Cape Town Convention: International Interests in Railway Rolling Stock www.railworkinggroup.org UIC Legal Group Information Session Paris, 19th February 2008 The Rail Working Group View Howard Rosen CBE, MA (Oxon) Principal, Howard Rosen Solicitors, Zug, Switzerland

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The Cape Town Convention: International Interests in Railway Rolling Stock

www.railworkinggroup.org

UIC Legal Group Information Session

Paris, 19th February 2008

The Rail Working Group View

Howard Rosen CBE, MA (Oxon)

Principal, Howard Rosen Solicitors, Zug, Switzerland

Chairman, Rail Working Group


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Luxembourg 2007

participants from 42 States and 12 international organizations at the Diplomatic Conference


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The Cape Town Convention: International Interests in Railway Rolling Stock

www.railworkinggroup.org

UIC Legal Group Information Session

Paris, 19th February 2008

The Rail Working Group View

  • Introducing the RWG

  • Why the Luxembourg Protocol is important

  • Finding the right balance in the Industry

  • What the rail industry needs to do


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Introducing the Rail Working Group

www.railworkinggroup.org

  • AAE Ahaus Alstatter Eisenbahn  The Alta Group  Arendt & Medernach  Armfelt & Associés  Ashurst  Aviation Advocacy  Bombardier Transportation  CIT Comité international des transports ferroviaires (CIT)  Community of European Railways  Costaferroviaria  debis Financial Engineering GmbH  Denton Wilde Sapte  Deutsche Bahn  Deutsche Verkehrs Bank DLA Piper  Dresdner Kleinwort English Welsh and Scottish Railway  Europe Rail Consultancy Ltd European Intermodal Association  European Investment Bank Field Fisher Waterhouse LLP Freehill Hollingdale & Page  Freshfields GE Capital Global Capital Finance GmbH & Co. Europe KG  Howard Rosen Solicitors  HSBC Rail  HSH NordbankIntergovernmental Organisation for International Carriage by Rail (OTIF) KfW Kreditanstalt for Wiederaufbau  Lenz & Staehelin  Mayer, Brown, Rowe & Maw LLP  McCarthy Tétrault  Nauta Dutilh  NIB Capital Bank N.V.  Norton Rose  Ober Kaler  Private Wagon Federation  Rajinder Narain & Co  Stephenson Harwood  Transnet  Trinity Industries UIC International Union of Railways  Union of European Railway Industries  White & Case  Wiersholm Mellbye & Bech


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Introducing my mother-in-law

www.railworkinggroup.org


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Why the Protocol’s important - the Different Stakeholder Perspectives

www.railworkinggroup.org

  • Banks and Lessors

  • Operators

  • Manufacturers

  • Customers

  • Governments

  • Aid Agencies


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Finding the right balance in the Industry Perspectives

www.railworkinggroup.org

  • Costs

  • Liability of Registrar

  • Insolvency Issues

  • Reconciling the Public Service imperative

  • Legacy problems


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What the rail industry needs to do Perspectives

www.railworkinggroup.org

  • Actively support the work of UNIDROIT and the RWG

  • Educate itself – seminars and articles

  • Create universal identification systems

  • Press governments to sign and ratify the Cape Town Convention and Luxembourg Protocol (with the right options)

  • Be creative


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And...remember TINA Perspectives

www.railworkinggroup.org


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There Is No Alternative Perspectives

www.railworkinggroup.org


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INFRAS/IWW: External Costs in Transportation Perspectives

Road traffic produces on average three times the external costs of rail traffic!

Source: INFRAS/IWW Update study on external costs, 2004


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Now - Regina Perspectives

Speed: : 110 – 200 km/h

Travel time : 0:53 min

Energy: 0.10 kWh / pkm*

Current Energy use: 0.057 kWh/pkm

Early 1990s

Intercity trains (5-Wagons)

Speed: 110 – 130 km/h

Travel time: 1:18 min

Energy: 0.12 kWh/pkm*

Environmental Effect of rail traffic and how new capital investment makes a difference- Energy Usage Example: SwedenStockholm – Västerås

~50% Energy saving with a clearly shorter travel time !

*pkm = Passenger kilometer


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Environment effect of Rail Transport – Energy Use and CO2 Emmissions

Energy usage

CO2-Emissions

With “Green Electricity” CO2 emissions are only 0.006 g/pass-km

11 x

6 x

4 x

7 x


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The Cape Town Convention: International Interests in EmmissionsRailway Rolling Stock

www.railworkinggroup.org

UIC Legal Group Information Session

Paris, 19th February 2008

The Rail Working Group View

  • www.railworkinggroup.org