1. Company LOGO IAMWS International Association of Marine Warranty Surveyors “An International & Professional Association for Marine Warranty Surveyors” Houston Marine Insurance Seminar September 30, 2013

2. Who are IAMWS ? - IAMWS Founders Braemar Offshore Global Maritime GL Noble Denton London Offshore Consultants MatthewsDaniel NAMSGlobal London Market Joint Rig Committee Representatives –Membership is individual not corporate IAMWS2

3. Board of Directors Steven WeissNAMS Global - Chairman James MillerACE/Joint Rig Committee Len MessengerLancashire/Joint Rig Committee Francis LoboCatlin Underwriting Agencies Michael Chan Yew WahBraemar Offshore Michael KwanBraemar Offshore John QuarringtonGlobal Maritime Neil WalkerGlobal Maritime Briant HappGL Noble Denton Mike PithieGL Noble Denton Peter BaggaleyLondon Offshore Consultants David BallandsLondon Offshore Consultants S. Douglas DevoyMatthewsDaniel James VavasourMatthewsDaniel Chris BowmanNAMS Global Greg GantNAMS Global Carole Rainer LopezCorporate Secretary IAMWS3

4. Who are IAMWS ? Formation of IAMWS as an affiliate of NAMSGlobal but with fully self standing incorporation, Board of Directors, bylaws, committees and IAMWS Certified Marine Warranty Surveyors (CMWS). Group is a not-for-profit professional body. What is IAMWS vs. NAMSGlobal –President of NAMSGlobal non-voting Chairman of IAMWS IAMWS4

5. Who are IAMWS ? IAMWS a Professional Body – not a Trade Association IAMWS is based on individual membership not corporate membership and we intend to be inclusive versus exclusive to all MWS IAMWS is open to all practicing Marine Warranty Surveyors who meet the eligibility criteria regardless of organizational affiliation. Estimated size of membership for IAMWS –800 plus globally IAMWS5

6. Who are IAMWS ? The way forward –What are we looking for? Minimum Level of Competency –Application –Founding members developing protocols –Ethics Test Completed –Certifying test development –Continuing Professional Development IAMWS6

7. Who are IAMWS ? Geographical Areas of IAMWS –Worldwide basis –Regions and local membership selection committees will be set up IAMWS7

8. Why do we need IAMWS and its origins - Based on the work of the Marine Warranty Surveyor Advisory Panel to the London Market Joint Rig Committee -Moving forward as IAMWS -Members of London Joint Rig Committee encouraged MWS companies to pursue accreditation of individual marine warranty surveyors. IAMWS8

9. Why do we need IAMWS and its origins The existing Marine Warranty Surveyor Advisory Panel agreed that our industry needed a technical forum where we could share ideas, lessons learned and improve our industry. IAMWS9

10. Why do we need IAMWS and its origins Benefits to Underwriters, Assureds, Brokers & Contractors –Recognize and differentiate a professional group of Marine Warranty Surveyors –Marine Warranty Surveyors will be subject to minimum standards and procedures –Also incorporate testing and continuing professional development requirements –Ethical Standards – benefit to all Stakeholders –IAMWS has bylaws and an International Board of Directors to work with the industry IAMWS10

11. Why do we need IAMWS and its origins Has a clear statement on ethics and promotes competition within the marine warranty survey industry. Will be available for dialogue with Underwriters and other stakeholders in offshore development projects Provides a forum for technical meetings including regular technical conferences. Forum for the sharing and development of best practices across the industry IAMWS11

12. What are the specifics to the IAMWS and the way forward Certification will initially be focused towards MWS for Offshore Marine Oil & Gas Operations. -In general this relates to those operations generally listed in the Joint Rig Committee code of practice and generic work scope matrix. e.g. Jackets, Topsides, subsea etc. Initially aimed at ensuring broad minimum competency standard for attending surveyors who issues the certificate of approval for these operations. - This is only part of the MWS picture – Technical Review, Risk Assessment, vessel surveys,. IAMWS12

13. What are the specifics to the IAMWS and the way forward Possible additional Certification and/or operation Endorsements to be developed; –Rig Move Attendance –Rig Location –Pipelay –Floatover –Dual Crane Lifts –Heavy Lift Transportation etc.. Endorsements may add value but great care would be required in their implementation. – who has the right experience to apply for the endorsement? And are they then the right individual to approve the operation? Dual Crane lift – DP Operations (DP specialist), Stability (Naval architect), Strength (Structural Engineer), Simultaneous Marine operations.(Master Mariner) IAMWS13

14. What are the specifics to the IAMWS and the way forward Route to Membership –Application with supporting Evidence (Form and Application criteria to be available on IAMWS website) –Application Sponsorship by a CMWS –Membership Panel Review of Application –Ethics Test IAMWS Code of Conduct JRC Code of Practice –Technical Test –Individual CMWS awarded –Continuing Professional Development requirements and review (e.g 2 years) IAMWS14

15. What are the specifics to the IAMWS and the way forward Application and testing process designed to check Specific Criterion are met in the following; –Education/Qualifications –Work Experience (O&G, Marine, MWS) –Technical Skills (IT, Occ Health etc) –Language Skills (communication and written skills) –Industry & MWS Knowledge Underpinning Finalization of Minimum criteria requirements is still on-going. IAMWS15

16. What are the specifics to the IAMWS and the way forward Technical Test Currently expected to be online, closed book at designated test locations. –Generic Module Core Technical Skills. JRC Generic Scope of Work –Technical Modules (Candidate will need to pick one specialist module) Loadout Transportation Heavy Lift Rig Move Attendance Subsea/Pipelay Technical references will be ISO 19901-6 “Marine operations” and JRC GSOW. IAMWS16

17. What are the specifics to the IAMWS and the way forward When will IAMWS and the accreditation process begin and be completed? –Already approximately 45 IAMWS-CMWS members have been accepted and certified. –This consists of the Board of Directors and regional marine managers who will promote the accreditation process locally in their region. –The process has begun and is supported by underwriters. IAMWS17

18. Timeline March 2012 – initial discussions NAMSGlobal and Marine Warranty Surveyor Advisory Panel October 2012 – Presentation to JRC January 2013 – First duly constituted BOD meeting Ethics Test - completed Qualifications Test – in progress Online testing – in development Presentations –April 2013 – Lloyd’s Library –July 2013 – Singapore –September 2013 – IUMI London –September 2013 – Houston Marine Insurance Seminar Future Seminars – as necessary IAMWS18

19. Contacts Houston –Steven Weiss – Chairman BOD Steve.weiss@libertyiu.com –Doug Devoy – MatthewsDaniel – BOD member dougdevoy@matdan.com London –Peter Baggaley – London Offshore – BOD member p.baggaley@loc-group.com –James Miller, Ace Group – BOD member James.Miller@acegroup.com –Francis Lobo, Catlin – BOD Member Francis.Lobo@catlin.com IAMWS19

20. Contacts Singapore –Michael Chan Yew Wah – Braemar Offshore – BOD member Michael.chan@braemar.com IAMWS20

21. Website For current status please log onto –www.iamws.comwww.iamws.com IAMWS21

22. Questions? IAMWS22