1. WELCOME TO INTERTANKO’s INTERNATIONAL SEMINAR ON VETTING AND CHARTERING ISSUES Dalian, 28 November 2003

2. Programme Session 1 – An overview of INTERTANKO Session 2 – A Guide to the Vetting Process Session 3 – Structual Transformation and Changes in the Tanker Trade 11:00 – Coffee break Session 4 – INTERTANKO’s focus on Chemical Tankers Session 5 – Tanker Charterparties – Recent cases and INTERTANKO’s Model Clauses Session 6 – Panel Q & A 13:00 - Lunch

3. Session 1 An overview of INTERTANKO + the work of the Association in Asia John Fawcett-Ellis Regional Manager Asia-Pacific & Legal Counsel

4. Structure of the Association: Secretariat Secretariat Council Council Executive Committee & Chairman Executive Committee & Chairman 14 Technical committees 14 Technical committees

5. Technical Committees ISTEC ISTEC Vetting Vetting Insurance Insurance Documentary Documentary Environmental Environmental CPR CPR Chemical Tanker Chemical Tanker

6. Membership services Weekly news Weekly news Website Website Operational/Technical/Legal Operational/Technical/Legal Port Disbursements Port Disbursements Freight and Demurrage Information Pool Freight and Demurrage Information Pool Terminal Vetting Dbase Terminal Vetting Dbase

7. A powerful voice for the tanker operators: IMO IMO Dialogue with industry counterparts Dialogue with industry counterparts Partnership with USCG Partnership with USCG Dialogue with EU Dialogue with EU

8. INTERTANKO v. Washington State Defended international regulations and defeated state regulations on manning and equipment imposed by Washington State Defended international regulations and defeated state regulations on manning and equipment imposed by Washington State Unanimous decision of the US Supreme Court in INTERTANKO’s favour – It has become a landmark case Unanimous decision of the US Supreme Court in INTERTANKO’s favour – It has become a landmark case

9. - representing responsible oil and chemical tanker owners worldwide - promoting Safer Ships, Cleaner Seas and Free Competition

10. -strict membership criteria based on quality and performance

11. Membership criteria: Monitor all detentions of members’ vessels Monitor all detentions of members’ vessels Good standing with a P&I Club Good standing with a P&I Club Classed by an IACS member class society Classed by an IACS member class society Adequate provision for maintenance Adequate provision for maintenance ISM certified ISM certified

12. What’s new? Membership criteria strengthened – from 1 Jan 04: Membership criteria strengthened – from 1 Jan 04: ”All INTERTANKO members’ tankers shall have an audited Emergency Response Service in place for the determination of stability and strength in a damaged condition.” INTERTANKO / INTERCARGO JOINT SECRETARIAT INTERTANKO / INTERCARGO JOINT SECRETARIAT New offices in London – St. Clare House, Minories New offices in London – St. Clare House, Minories

13. What’s New (cont) Chairman Elect – Mr Stephen Van Dyke, Chairman, Maritrans Chairman Elect – Mr Stephen Van Dyke, Chairman, Maritrans Q88 integrated into INTERTANKO’s membership services Q88 integrated into INTERTANKO’s membership services Chemical Tanker Review launched Chemical Tanker Review launched New publications – Tanker Specification Awareness Guide, A Guide to the Vetting Process (5th Edition) New publications – Tanker Specification Awareness Guide, A Guide to the Vetting Process (5th Edition) Chartering publications – Q1 2004 – A Guide to Tanker Bills of Lading Chartering publications – Q1 2004 – A Guide to Tanker Bills of Lading Improved information on our website e.g. the Legal & Documentary section Improved information on our website e.g. the Legal & Documentary section

14. INTERTANKO in Asia - Pacific Membership - Australia – Botany Bay Shipping Group - China – Cosco Dalian (Ass. Member) - Hong Kong – Anglo-Eastern, Associated Maritime, Eurasia, Fairmont, HK Ming Wah, Parakou, TCC, Unique, Wah Kwong & Wallem - Japan – Daiichi Chuo, Daitoh Trading, Iino Lines, Kawasaki, Kyoei Tanker, Meiji Shipping, Mitsui OSK, Tokyo Marine, NYK, Nissho, Shinwa, Taiheiyo, Yuyo - Malaysia – MISC, Aurora, Sutrajaya - Singapore – NAS, Petroships, PCL, Titan Ocean, Thome, Tschudi & Eitzen, World Tankers, - South Korea – SK Shipping, Hanjin (Ass Member)

15. INTERTANKO IN ASIA Regional Office since 1999 Regional Office since 1999 Regional Panel since 1998 Regional Panel since 1998 Executive Committee members: Executive Committee members: - Mr KH Koo (TCC) – Vice Chairman - Mr Joseph Kwok – American Eagle Tankers - Mr Shirakuma - NYK

16. Regional Activity Marine Electronic Highway Marine Electronic Highway – INTERTANKO enters into commitment with IMO - 68 vessels committed to participate in the demonstration project - Project office and surveying of Straits to start in 2004

17. Regional Activity (cont) Review of CP60 Review of CP60 Participated in the development of the Singapore Accreditation Scheme for Bunker Suppliers Participated in the development of the Singapore Accreditation Scheme for Bunker Suppliers Visited Japan, South Korea, Malaysia, Indonesia, Hong Kong & Australia Visited Japan, South Korea, Malaysia, Indonesia, Hong Kong & Australia Presented papers at conferences in the region Presented papers at conferences in the region Continuing dialogue with MPA and OCIMF members in Singapore Continuing dialogue with MPA and OCIMF members in Singapore New members in 2003 – PCL, Sutrajaya, Titan New members in 2003 – PCL, Sutrajaya, Titan

18. Tripartite Meeting Seoul – Sept 03 Asian Shipbuilders / IACS / Round Table of Shipowner Associations Asian Shipbuilders / IACS / Round Table of Shipowner Associations 3rd in series of meetings 3rd in series of meetings Unique forum working towards – ”A unified approach to new building standards” Unique forum working towards – ”A unified approach to new building standards” WG set up to provide input on ”Goal Based Standards” as adopted by IMO – MSC WG set up to provide input on ”Goal Based Standards” as adopted by IMO – MSC Review requirements for Permanent Means of Access Review requirements for Permanent Means of Access Increased guarantee periods Increased guarantee periods

19. Summary of Tripartite Meeting “At this meeting in Seoul, we have witnessed leaders from shipowner and shipbuilding associations and from classification societies united in their support for quality and rationality across the shipping industry “ Frederick Tsao, Chairman IMC, INTERCARGO

20. Forthcoming Events 1 Dec – Asian Regional Panel 1 Dec – Asian Regional Panel 2 Dec – Vetting Seminar 2 Dec – Vetting Seminar 3 Dec – ITOPF Seminar 3 Dec – ITOPF Seminar

21. Looking ahead to 2004 Looking ahead to 2004 Asian Regional Panel – Shanghai – 25 February Asian Regional Panel – Shanghai – 25 February Tanker Event – Dubai 28-31 March Tanker Event – Dubai 28-31 March

22. THANK YOU THANK YOU 谢谢大家 www.intertanko.com