www railworkinggroup org The Cape Town Convention International

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

Luxembourg 2007 participants from 42 States and 12 international organizations at the Diplomatic Conference

www. railworkinggroup. org The Cape Town Convention: International Interests in Railway Rolling Stock UIC Legal Group Information Session Paris, 19 th 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

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 Gmb. H 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 Gmb. H & Co. Europe KG Howard Rosen Solicitors HSBC Rail HSH Nordbank Intergovernmental Organisation for International Carriage by Rail (OTIF) Kf. W Kreditanstalt for Wiederaufbau Lenz & Staehelin Mayer, Brown, Rowe & Maw LLP Mc. Carthy 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

Introducing my mother-in-law www. railworkinggroup. org

www. railworkinggroup. org Why the Protocol’s important the Different Stakeholder Perspectives • Banks and Lessors • Operators • Manufacturers • Customers • Governments • Aid Agencies

Finding the right balance in the Industry www. railworkinggroup. org • Costs • Liability of Registrar • Insolvency Issues • Reconciling the Public Service imperative • Legacy problems

What the rail industry needs to do 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

And. . . remember TINA www. railworkinggroup. org

There Is No Alternative www. railworkinggroup. org

INFRAS/IWW: External Costs in Transportation Road traffic produces on average three times the external costs of rail traffic! Source: INFRAS/IWW Update study on external costs, 2004

Environmental Effect of rail traffic and how new capital investment makes a difference - Energy Usage Example: Sweden Stockholm – Västerås Early 1990 s Intercity trains (5 -Wagons) Now - Regina • Speed: 110 – 130 km/h • Travel time: 1: 18 min • Energy: 0. 12 k. Wh/pkm* • • *pkm = Passenger kilometer ~50% Energy saving with a clearly shorter travel time ! Speed: : 110 – 200 km/h Travel time : 0: 53 min Energy: 0. 10 k. Wh / pkm* Current Energy use: 0. 057 k. Wh/pkm

Environment effect of Rail Transport – Energy Use and CO 2 Emmissions Energy usage CO 2 -Emissions 6 x 4 x With “Green Electricity” CO 2 emissions are only 0. 006 g/pass-km 11 x 7 x

www. railworkinggroup. org The Cape Town Convention: International Interests in Railway Rolling Stock UIC Legal Group Information Session Paris, 19 th February 2008 The Rail Working Group View www. railworkinggroup. org