MEMBERS’ FORUM

London

2 September 2004

Antitrust Compliance Statement

INTERTANKO is firmly committed to maintaining a fair and competitive environment in the world tanker

trade, and to adhering to all applicable laws which regulate INTERTANKO’s and its members’ activities in

this market. These laws include the antitrust laws, which the US, the European Economic Community and many nations of the world have adopted to preserve the free enterprise system, promote competition and

protect the public from monopolistic and other restrictive trade practices.

This meeting will be conducted in compliance

with INTERTANKO’s antitrust guidelines .

THE BIG PICTURE

• Liability limitations under threat• Criminalisation for pollution incidents• Class common rules for tankers and

bulkers• Maritime Security• International vs. local, national and

regional• Role of P&I clubs in lifting standards

ON THE RADAR SCREEN

• Tripartite meeting - owners, builders and class

• Q88 goes from strength to strength• Terminal Vetting database going

strong• Annex II – further refinements ?• Phase-out uncertainties • And much more

Q88 Tanker questionnaire generator

New service for members

Phase out tankers - dwt

0

10

20

30

40

50

60

70

-200

220

0320

0420

0520

0620

0720

0820

0920

1020

1120

1220

1320

1420

15

MARPOL*

EU

Phase out year

*subject to administrations

COMING SOON

• Benchmarking Pool – operating costs and more

• New format for Weekly NEWS

• European ”lobbying” programme

• New PSC targetting in Paris MoU and elsewhere

• HNS Convention Guide

THE GREEN PROGRAMME

• Port Reception Facilities – Forum, IMO and EU

• Recycling – renewed challenges for industry

• Ballast water management – a difficult road ahead

• Air emissions under review around the world

Action in Brussels

• Dutch Presidency, New Commissioner and Commission staff, New Parliament and MEPs

• Sulphur levels in fuels still a major issue

• EMSA Double Hull panel making progress ?

• New Maritime safety Package under discussion – “Erika III”

EU Maritime Safety Package• Marine Casualty Investigations in the EU

• Amendment to Directive on Vessel Traffic Monitoring and Information

• Liability and Compensation

• Flag State Initiative

• Recasting of Legislation on Port State Control

• Maritime Labour Standards

But how about earlier programmes – Places of Refuge, Ratification of Conventions, Alignment of EU Regulations with IMO revisions ?

THE “IMAGE” DEBATE

• Raising awareness - public, media, politicians & regulators; www.shippingfacts.com

• Meeting the Press – mainstream & shipping

• Improved preparedness for incident management

• Education initiatives – Maritime Industries Foundation

Accidental oil pollution from tankers and seaborne oil trade

Bn tonne-miles’000 tonnes

0

250

500

750

1,000

1990-96 1997-03

0

18,000

36,000

54,000

72,000

m ts spilt

bn tonne-miles

Tanker incidents 2003 - 130

12%

25%

24%25%

14%

Collision

Groundings

Hull&machinery: 28

13 engine,6 steer/prop/rudder5 hull5 other

Fire&Expl.

Misc.

.

dw t. Tankers involved

36 below 10,00038 10-29,999 dw t35 30-99,999 dw t17 > 100,000 dw t

Age tankers involved :

24 built 1970s or earlier48 built 1980s43 built 1990s12 built 2000s, 3 unknow n

7 involving pollution of

which Tasman Spirit most serious

Oil into the Sea Annual Releases, best estimates

Average 1990-1999, '1000 ts

Natural seeps

Extraction of oil

Tanker accidents

Tanker operation

Other transportation

River and run-offs

Other shipping

Other consumption related

Source: National Academy of Science

47%

21%

11%

8%

3%

3%

Recently published INTERTANKO charter party clauses

• Maritime Security Clauses for Time and Voyage Charters

• Material Safety Data Sheets (MSDS) Clause

• Port Costs Worldscale clause

Hot off the Press

• A Guide to bunkering of ships for the purposes of Annex VI to MARPOL

• A Guide for correct entries in the Oil Record Book

• A Guide to Crude Oil Washing and Cargo Heating Criteria

Popular Publications- firm favourites

• Tanker Specification Awareness Guide

• A Guide to the Vetting Process, 5th. Edition

• A Guide to Tanker Charters (2001)

In the Pipeline

• Tanker Bills of Lading - A Practical Guide - available 13 September

• Awareness Guide to Incident Management and Media Response - available beginning of October

Chairman’s Governance Review

Inter alia:

• Maximising the involvement of principals

• Review of frequency and agendas of Council and Panel meetings

• Composition of Executive Committee

• Review of mission statement and objectives

INTERTANKO’s Vision for the tanker shipping industry:

“ A responsible, sustainable and respected industry able

to influence its own destiny.”

INTERTANKO Today

• Clear statement of basic aims : -clean seas, safe transport, free competition

• Acknowledged & respected industry leader & spokesmen : - worldwide

• Quality focus : - strict membership criteria; solid industry performance record

• Commitment to Stakeholders :– society, industry partners– partnerships with regulators, other industry players,

other associations

INTERTANKO Objectives• To be recognized by all sectors of the maritime industry and by

governments as the authoritative voice of the international tanker industry.

• To actively support, and when necessary lead, the development and implementation of superior technical and operational standards that encourage the safe transportation of energy and chemical products.

• To promote a positive public image of the tanker industry through educational and related initiatives that encourage a wider understanding of the essential role of the tanker operator in supporting the global economy.

• To be the central coordinating body for the collection and dissemination of regulatory and operational information relevant to the safe transportation of energy and chemical products.

• To positively reinforce the goals of safe transport, clean seas and free competition to all members, and to encourage their attainment through adherence to the principles of quality management.

2004/5 : DATES FOR THE DIARY

October 5-6 Mare Forum, Maritime Transportation of Russian Energy, St. Petersburg

October 27-28 Executive Committee & Council, Amsterdam

October 29 Mare Forum “ShipFinance 2004”, Amsterdam (Free registration for

Members) April 10-13 Annual Meeting, Athens

Thank you

www.intertanko.com