1. Mr Patrick Decavèle Vice Chairman, INTERTANKO Oslo, 11 December 2006 www.intertanko.com

2. Our world is thirsty for oil

3. Tanker accidents and trade Source: ITOPF/Fearnleys 1000 ts spilt Bn tonne-miles trade

4. Tanker fleet double-hull development Source: Clarkson %

5. Shipping Industry Performance Has a record of continuous improvement But is not complacent ! and is “Striving for Zero” Zero fatalities, zero pollution, zero detentions

6. Shipping industry’s record of continuous improvement Q: How has this been achieved ? A: A combination of effective Regulation and Self-Regulation

7. Industry works to encourage effective regulation Developed at the global, international level, wherever appropriate (consistent with existing law) Fit for purpose (provides solutions) Properly considered (stakeholders involved) Impact(s) fully assessed (economic and social) If adopted, implemented uniformly and promptly By engaging with legislators, regulators, politicians and the media

8. Places of Refuge A Solution Waiting to be Implemented EU’s “Erika II” Package (Dec.2000) - requires Each Member State to Draw up Emergency Plans for Hosting Ships in Distress in Places of Refuge

9. Industry works to develop and promote self regulation Adopting best practices Setting in motion quality initiatives Producing industry guidelines Developing programmes, procedures, etc. By engaging with partners, legislators, regulators, politicians, media and public

10. Examples of Industry’s many Quality Initiatives Tripartite dialogue: owners, builders and class: –Common structural rules –Coatings and coating performance standards –Goal Based Standards (Tiers IV & V) –Information sharing –Shipboard waste management Inter-Industry Group - (Chemical Tanker accidents): –Inert Gas for CT on presently exempted ships –Human Element Task Force

11. Protecting the environment

12. Human Element in Shipping The best ship is not enough if industry to achieve its goals of continuous improvement - it needs the best staff Most shipping incidents/accidents involve human error INTERTANKO places great emphasis on the Human Element Initiatives include new training programmes, provision of berths for cadets, etc.

13. Good Regulation AND Industry Best Practice / Self Regulation

14. Society and the International Shipping Industry share the same goals Shipping should be: Safe and secure Environmentally responsible Reliable Efficient (Low cost)

15. Committed to continuous improvement and striving for zero !