INTERTANKO’S Legal INTERTANKO’S Legal Work, issues, strategy Work, issues, strategy & legal services& legal services

Svein Ringbakken, Deputy Svein Ringbakken, Deputy Managing Director & General Managing Director & General Counsel, INTERTANKOCounsel, INTERTANKO

Major IssuesMajor Issues

Oil Pollution Liability & Compensation Oil Pollution Liability & Compensation EU Draft Directive on Penal SanctionsEU Draft Directive on Penal Sanctions Key Tanker Chartering TermsKey Tanker Chartering Terms International vs Regional regulation International vs Regional regulation

UNCLOS protectionUNCLOS protection Use of Legal Means to promote the Use of Legal Means to promote the

aims of INTERTANKOaims of INTERTANKO

Strategy behind Strategy behind involvementinvolvement Important Tanker IssuesImportant Tanker Issues Realistic Chance of InfluenceRealistic Chance of Influence Co-operative ModeCo-operative Mode Few Key Issues, in-depth involvementFew Key Issues, in-depth involvement Full Integration with lobby programsFull Integration with lobby programs Washington State/Sulphur Content Washington State/Sulphur Content

RegulationRegulation Reliance on industry legal experts and Reliance on industry legal experts and

membership resources combined with membership resources combined with specialist Secretariat teamspecialist Secretariat team

Legal ServicesLegal Services

General Legal Advisory WorkGeneral Legal Advisory Work Tanker Regulatory Work IMO, US, EUTanker Regulatory Work IMO, US, EU Specialist support available Specialist support available Knowledge or means to check local Knowledge or means to check local

resourcesresources Charter Party Advisory ServiceCharter Party Advisory Service Freight and Demurrage Information Freight and Demurrage Information

Pool (FDIP)Pool (FDIP)

FDIPFDIP

Claims notified: 79 (USD 5,2m)Claims notified: 79 (USD 5,2m) Claims settled: 37 (USD 4,1m)Claims settled: 37 (USD 4,1m) Claims reported: 20 (USD 949,359)Claims reported: 20 (USD 949,359) Average no. of days between Average no. of days between

notification and settlement: 34notification and settlement: 34 Action in co-ordination with Action in co-ordination with

members –careful not to upset members –careful not to upset commercial relationscommercial relations