1. MEMBERS’ FORUM London 2 September 2004

2. 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.

3. 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

4. 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

5. Q88 Tanker questionnaire generator New service for members

6. Phase out tankers - dwt

7. 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

8. 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

9. 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”

10. 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 ?

11. 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

12. Accidental oil pollution from tankers and seaborne oil trade Bn tonne-miles ’000 tonnes

13. Tanker incidents 2003 - 130

14. Oil into the Sea Annual Releases, best estimates

15. Recently published INTERTANKO charter party clauses Maritime Security Clauses for Time and Voyage Charters Material Safety Data Sheets (MSDS) Clause Port Costs Worldscale clause

16. 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

17. Popular Publications - firm favourites Tanker Specification Awareness Guide A Guide to the Vetting Process, 5 th. Edition A Guide to Tanker Charters (2001)

18. 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

19. 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

20. INTERTANKO’s Vision for the tanker shipping industry: “ A responsible, sustainable and respected industry able to influence its own destiny.”

21. 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

22. 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.

23. 2004/5 : DATES FOR THE DIARY October 5-6Mare Forum, Maritime Transportation of Russian Energy, St. Petersburg October 27-28Executive Committee & Council, Amsterdam October 29Mare Forum “ShipFinance 2004”, Amsterdam (Free registration for Members) April 10-13Annual Meeting, Athens

24. Thank you www.intertanko.com