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INTERTANKO’S Legal Work, issues, strategy & legal services

INTERTANKO’S Legal Work, issues, strategy & legal services. Svein Ringbakken, Deputy Managing Director & General Counsel, INTERTANKO. Major Issues. Oil Pollution Liability & Compensation EU Draft Directive on Penal Sanctions Key Tanker Chartering Terms

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INTERTANKO’S Legal Work, issues, strategy & legal services

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  1. INTERTANKO’S Legal Work, issues, strategy & legal services Svein Ringbakken, Deputy Managing Director & General Counsel, INTERTANKO

  2. Major Issues • Oil Pollution Liability & Compensation • EU Draft Directive on Penal Sanctions • Key Tanker Chartering Terms • International vs Regional regulation UNCLOS protection • Use of Legal Means to promote the aims of INTERTANKO

  3. Strategy behind involvement • Important Tanker Issues • Realistic Chance of Influence • Co-operative Mode • Few Key Issues, in-depth involvement • Full Integration with lobby programs • Washington State/Sulphur Content Regulation • Reliance on industry legal experts and membership resources combined with specialist Secretariat team

  4. Legal Services • General Legal Advisory Work • Tanker Regulatory Work IMO, US, EU • Specialist support available • Knowledge or means to check local resources • Charter Party Advisory Service • Freight and Demurrage Information Pool (FDIP)

  5. FDIP • Claims notified: 79 (USD 5,2m) • Claims settled: 37 (USD 4,1m) • Claims reported: 20 (USD 949,359) • Average no. of days between notification and settlement: 34 • Action in co-ordination with members –careful not to upset commercial relations

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