1. The International Association of Independent Tanker Owners January 2005

2. Vision for the tanker industry: “ A responsible, sustainable and respected industry able to influence its own destiny.”

3. - representing responsible oil and chemical tanker owners worldwide - promoting Safer Ships, Cleaner Seas, Free Competition and Effective Regulation - strict membership criteria based on quality and performance (Class, P&I, PSC)

4. INTERTANKO 230 (+/-) Members230 (+/-) Members 2,200 (+/-) tankers 165 million dwt Average age: 11.3 years 270 (+/-) Associate Members270 (+/-) Associate Members 25 Staff / 8 Consultants25 Staff / 8 Consultants IMO NGO status EU representative office Partnership agreement with USCG Oslo London Washington Singapore

5. The International Association of Independent Tanker Owners INTERTANKO 14 Committees - 4 Regional Panels Safety & Environment Technical – incldg. Bunkers, IT Chemicals, Short Sea, Offshore Insurance & Legal, Documentary Vetting, WorldScale Communications and Public Relations

6. Principal Issues for Tanker Owners Regional versus International governance - ratification and implementation of existing conventions and legislation Challenges to liability regimes & Criminalisation for pollution incidents Zero tolerance of accidents – meeting society’s expectations Role of partners in lifting standards Class common structural rules for tankers Maritime Security EU Competition rules ?

7. INDUSTRY GOVERNANCE International vs. local, national and regional Liability – EU Penal Sanctions vs. International Conventions Safety & Environment – EU (Post Erika & Prestige) vs. IMO/Marpol & SOLAS Sulphur Levels – EU, USA vs. IMO Security – MTSA vs. ISPS Ballast Water Management – US et al vs. IMO

8. Convention Ratification: AFS Convention (2001) HNS Convention (1996) OPRC-HNS Protocol (2000) Bunkers Convention (2001) Places of Refuge Reception Facilities Port and infrastructure security The importance of implementation

9. Environmental Challenges  Waste reception facilities  VOC Recovery (in port and at sea)  Sulphur Levels (in Fuel) / Air emissions  Ship Recycling (Voluntary vs. Regulatory)  Water Ballast Management (Practical solutions)  Anti-Foulings (Convention – consistent standards)

10. Examples of Round Table cooperation: Improved dialogue with IACS Tripartite meetings of owners, builders and class Flag State guidelines Industry guidelines on Recycling The “image” of shipping

11. STEPS FOR A BETTER INDUSTRY

12. Oil into the Sea Annual Releases, best estimates

13. Chain of Responsibility Importance of partnerships & common commitment to a better industry SHIPOWNER SHIPYARDS INSURERS TRAFFIC MANAGEMENT CARGO OWNER CHARTERER PORTS & TERMINALS CLASS SOCIETIES FLAG STATES

14. Steps for a better industry Examples of Industry safety initiatives: Analysis of incidents Standards of Newbuildings Operational safety Industry Guidelines for Operations Flag State guidelines Port State Control standards Port and Terminal Safety Uniformity and consistency in inspections Greater sharing of information And much more

15. Steps for a better industry Participation at IMO / in Regional centres – in IMO expert and working groups, & in Industry working groups Current examples: Chemical accidents review group – owners, charterers, class, IG MSDS, Pilotage, Lifeboat Safety, AIS, UKC Marine Electronic Highway Vetting Environmental – Recycling, Reception Facilities, Ballast Water & more

16. Tanker incidents1978-03 Source: LMIS, Informa, press, INTERTANKO Number

17. Tanker incidents 2003 - 130

18. INVESTMENT IN NEW SHIPS Tanker fleet by hull type %

19. Steps for a better industry Standards for Newbuilding and Ships in Service Drive for Common Structural Rules Tripartite meetings of Class and Builders Development of Condition Assessment Scheme Active participation with EMSA on “High level” double hull panel Industry wide working groups on corrosion and coatings

20. Steps for a better industry Industry Guidelines – recent INTERTANKO publications: Tanker Specification Awareness Guide 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 Awareness Guide to Incident Management and Media Response

21. Port State Control – the industry perspective Summary:  PSC is actively supported by industry  More needs to be done to ensure harmonised standards  Greater sharing of inspection records would be beneficial  It is an imperative that the integrity of PSC is maintained  Better targeting would result from additional analysis of PSC records  Important lessons can be learned by analysing PSC performance

22. Port State Control Percentage of inspected ships detained

23. Port State Control – detentions by ship size

24. Port State Control – detentions by year of build

25. Industry Leadership - Flag State Guidelines

26. Examples – where some success achieved: Tanker Structure Cooperative Forum Incident reporting and analysis, and casualty investigations (CHIRP/POP&C/EMSA) Common VPQ/VIQ IMO initiative to reduce number of inspections Improved PSC targeting Establishment of TOCA Initiatives via Information Sharing

27. Steps for a better industry Are they working ? Yes ?

28. Accidental pollution from tankers 1,000 ts Largest spills since 1990 1991ABT Summer260,000 ts 1991Kirki17,700 " 1991Haven144000 " 1992Agean Sea 74,000 ” 1992Katina P 72,000 ” 1993Braer 85,000 ” 1994Seki19,000 " 1996Sea Empress 72,000 ” 1997Nakhodka17,500 " 1999Erika 20,000 ” 2002Prestige 77,000 ” 2003Tasman Spirit 30,000 ” Source: ITOPF

29. Accidental oil pollution from tankers and tanker trade Source: ITOPF, Fearnleys 1000 bn tm m ts spilt

30. Thank you www.intertanko.com www.shippingfacts.com