This makes the second person a "required flight person" and therefore he can log SIC time
Wrong, the safety pilot can also log PIC time....There is a big difference between the JARs and FARs, under JAR the safety pilot can not log anything, unless as mentioned before you 'share' the time. Under the FARs both the pilot under the hood and the safety pilot can log PIC time. The safety pilot must be qualified and current on type, and the flight must be conducted in VMC unless the safety pilot holds an IR.
If the pilot under the hood does not hold an IR, the safety pilot does hold an IR, and the flight is condicted in IMC, then the pilot 'under the hood' cannot log PIC.
Cheers
EA
