1. Anti-Trust/Competition Law Compliance Statement INTERTANKO’s policy is to be 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 these markets. These laws include the anti-trust/competition laws which the United States, the European Union 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. INTERTANKO’s activities will be conducted in compliance with its Anti- trust/Competition Law Guidelines.

2. INTERTANKO Asian Panel Meeting 3 rd November, Hong Kong 1.Welcome and introductory remarks 2.INTERTANKO Organisational Review 3.Consideration of INTERTANKO’s Policy on GHGs 4.Council Agenda Overview 5.Update on Regional and Local Issues 6.Date and place of next meeting 7.Any other business

3. Asian Panel and Member Meetings 2009 November SingaporeMembers Meeting Hong Kong Asian Panel Meeting December Shanghai Members Meeting 2010 January Singapore Members Meeting March Tokyo Asian Panel Meeting (TBC) Seoul Members Meeting Shanghai Members Meeting

4. 2. Organisational Review Council review questionnaire on the organisational structure of the association – focusing on two areas: Operational - priorities, efficiency initiatives, material, number of meetings. 1. Clarify priorities; 2. Narrow the scope: 3. Reduce administration; 4. Improve communications; 5. Reduce meetings; and 6. Subcommittees are of value, but there are too many. Structural - governance model, Executive Committee, Council, Secretariat, Panels. 1. Executive Committee role vs. the Council role is unclear; 2. Structure is “heavy”; and 3. Regional panel role is unclear.

5. 5. Regional developments Cooperative Mechanism –ETV in the Straits Singapore Inspections Carriage Capacity of the Straits

6. 5. Regional developments Cooperative Mechanism Navigation and Environmental Panels –Cooperative Forum Meeting, Singapore 14-15 October –Industry invited to participate in ‘Industry led Technical Panels on Navigation and Environmental Issues in the Straits’ –Environmental Agenda – ballast water, biofouling, oil and chemical spills, reception facilities –Navigational Agenda – TSS issues, small vessel traffic, e-navigation Outcome –Environmental Reception facilities guide for the Straits Agreement to work on spill drills and exercises with government authorities –Navigational Review detail of industry TSS issues – entry points Consider further possible solutions to small vessel traffic in the Straits

7. 5. Regional developments Cooperative Mechanism Emergency Towing Vessels (ETV) –Proposal by Singapore –Project idea to be developed –Positioning of vessels through-out the Straits –Industry input will be requested –Possible problems...?

8. Regional developments Singapore Inspection Request Form –March 2009 –Limited complaints from INTERTANKO members in terms of refusals, but... –Some concern over form and guidelines for form use being strictly adhered to –Additional company representative not well received Possible future progress –Inclusion of CDI inspectors alongside SIRE –Removal of requirement for additional company representative (superintendent) –Eventual removal of form submission

9. 5. Regional developments Carriage Capacity of the Straits Independent assessment by Singapore MPA 257,000 vessel movements per year Narrowest point of Singapore Strait, south of Sister’s Islands –Currently:0.1 interactions per nm –75% increase:0.5 interactions per nm –100% increase:1.5 interactions per nm MPA content that 75% achievable with current processes and technology (15-20 years)