Department Energy & Infrastructure, Trade & Commodities，Maritime Qualified 2008 Education (University) LLM in Maritime Law & International Environmental Law (Merit), University College London, BA Classics (2:1), University College London, GDL (Merit) & LPC, BPP Law School, London Languages English
Wole is a dual British and Nigerian citizen who qualified in England and Wales in 2008. He is an experienced Maritime, International Trade and Energy lawyer and heads the Ince Africa Group whilst predominantly based in Singapore.
In addition to his specialist area, Wole has expertise handling multi-million dollar contract/pricing review, cryptocurrency, joint venture and shareholder disputes.
Wole has over a decade’s worth of experience advising on and managing international arbitrations typically governed by SCMA, LMAA, SIAC, ICC, GAFTA, LCIA Rules or Ad Hoc Rules generally with seats in Singapore and London. Wole is also acts as arbitrator and has accepted appointments by the SIAC.
Wole’s clients include Miners (and their contractors), Commodity Traders (trading gas, coal, iron and nickel ore, cement, rice, wheat, sugar) Ship-Yards, EPC Contractors, Offshore Operators, Owners and Charterers, P&I Clubs, PE Funds and Investors.
Wole has undertaken 3 secondments:
• Shell/STASCO (London): Wole acted as legal counsel undertaking drafting of mid and downstream petroleum contracts.
• Shipowners P&I Club (Singapore): Wole undertook claims handling duties dealing with, inter alia, cargo claims, collisions, chartering, bill of lading disputes and drafting of offshore Supplytime and bespoke Floating Crane contracts.
• Rio Tinto (Singapore): Wole acted as sole legal counsel for the marine division whilst also assisting the iron ore sales and marketing team.
My matter highlights
- Acting for Indonesian coal miner in a life of mine pricing and contract review arbitration against an Australian mining contractor. The dispute was worth over US$350m.*
- Acting for a substantial Hong Kong shipowner in a shipping pool dispute against a German operator. The dispute was worth over US$10m. *
- Instructed and handled 5 separate arbitrations for medium sized Indian coal traders in relation to coal delivery, quality and quantity disputes. Each arbitration involved disputed sums in excess of US$2.5m. *
- Acting for Nigerian EPC contractors against a Malaysian ship-yard in relation to a ship building dispute conducted under the auspices of the SIAC Rules. The dispute was worth over US$20m.*
- Acting for a Singaporean conglomerate against a Nigerian bank in respect of a dispute arising under a corporate guarantee worth over US$5m. *
- Acted for a Singaporean company in relation to a banking and currency dispute in Angola. *
- Acted for Charterers in a charterparty dispute (the “Achilleas”) which reached the House of Lords addressing the English law position on remoteness of damages. The case settled the question of recoverable damages in circumstances where a vessel is redelivered late under a time charter. *
* Matters handled prior to joining Ince
My recent publications
Insights / AfCFTA and the maritime industry
07-09-2021 / Maritime
This article is the second in a series of articles looking at the impact of the African Continental Free Trade Area (the “AfCFTA”) on various practice areas and industry sectors that our clients operate in.
Insights / The African Continental Free Trade Area: Africa speaks with one voice
25-05-2021 / Commodities & Trade
After years of preparation, negotiation and operational delays caused by the COVID-19 pandemic, 1 January 2021 marked the commencement of the long-awaited African Continental Free Trade Area (“AfCFTA”).
Insights / The Singapore – Rwanda Special Relationship
On the 27th anniversary of the Tutsi genocide in Rwanda, Wole Olufunwa, Head of our Africa Practice Group, outlines an influential aspect of the Republic of Rwanda’s remarkable development story as well as the country’s increasing attractiveness to international investors.
Insights / The Hague court of appeal finds in favour of Nigerian farmers against Shell
16-02-2021 / Energy & Infrastructure
On 26 June 2005, Shell Nigeria was notified of a leak in an underground oil pipeline near Oruma. As a result of the leak, oil was visible bubbling out of the ground. Before the leak was closed, around 400 barrels of oil had been spilled (approximately 65,000 litres).
News / Blockchain: Bills of Lading & Official Documents
23-04-2020 / Maritime
Carriers, charterers, traders and shippers commonly experience the issue of original bills of lading arriving late at a port of discharge, thereby depriving the lawful holder or consignee of timely taking delivery of the cargo. This may delay cargo operations, lead to incurrence of demurrage or detention fees, directly or indirectly contribute to port congestion and/or the incurrence of port costs and expenses.
News / IMO 2020: Impending Carriage Ban - “Legitimate” de-bunker/disposal practices
17-02-2020 / Maritime
The International Maritime Organisation’s (“IMO”) “carriage ban” rule makes it an offence, as of 1 March 2020, for ships to carry fuel oils that contain sulphur content higher than 0.5%, unless the vessel has a scrubber or the fuel is carried as cargo.