How do I use IValueConverters?

I have created a converter which looks like this:

public class SecondsToHoursMinutesValueConverter 
    : IValueConverter
{
    public object Convert(object value, Type targetType, object parameter, CultureInfo culture)
    {
        var t = TimeSpan.FromSeconds((int)value);

        return string.Format("{0:D2} hours {1:D2} minutes", t.Hours, t.Minutes);
    }

    public object ConvertBack(object value, Type targetType, object parameter, CultureInfo culture)
    {
        throw new NotImplementedException();
    }
}

Now I want to bind it with:

runtime.SetBinding(Label.TextProperty, new Binding("Runtime"), BindingMode.Default,
    new SecondsToHoursMinutesValueConverter(), null);

However, VS does not like it and says there is an error in that code:

Error 1 The type arguments for method 'Xamarin.Forms.BindableObjectExtensions.SetBinding(Xamarin.Forms.BindableObject, Xamarin.Forms.BindableProperty, System.Linq.Expressions.Expression<System.Func<TSource,object>>, Xamarin.Forms.BindingMode, Xamarin.Forms.IValueConverter, string)' cannot be inferred from the usage. Try specifying the type arguments explicitly. \git\Xam.Forms.Mvx\CoolBeans\CoolBeans\Pages\DetailedMoviePage.cs 101 13 CoolBeans