Houston Marine Insurance Seminar September 30, 2013

1. IAMWSInternational 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 IAMWS

3. Board of Directors Steven Weiss NAMS Global - Chairman James Miller ACE/Joint Rig Committee Len Messenger Lancashire/Joint Rig Committee Francis Lobo Catlin Underwriting Agencies Michael Chan Yew Wah Braemar Offshore Michael Kwan Braemar Offshore John Quarrington Global Maritime Neil Walker Global Maritime Briant Happ GL Noble Denton Mike Pithie GL Noble Denton Peter Baggaley London Offshore Consultants David Ballands London Offshore Consultants S. Douglas Devoy MatthewsDaniel James Vavasour MatthewsDaniel Chris Bowman NAMS Global Greg Gant NAMS Global Carole Rainer Lopez Corporate Secretary IAMWS

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 IAMWS

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 IAMWS

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 IAMWS

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

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. IAMWS

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. IAMWS

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 testingand continuing professional development requirements • Ethical Standards – benefit to all Stakeholders • IAMWS has bylaws and an International Board of Directors to work with the industry IAMWS

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 IAMWS

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, . IAMWS

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) IAMWS

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) IAMWS

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. IAMWS

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. IAMWS

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. IAMWS

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 IAMWS

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 IAMWS

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

21. Website • For current status please log onto • www.iamws.com IAMWS

22. Questions? IAMWS