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INTERTANKO

INTERTANKO. An Introduction & Key issues facing the tanker industry today Presented by John C. Fawcett-Ellis Legal Counsel & Regional Manager Asia-Pacific Dalian, 24 June 2004. representing responsible oil and chemical tanker owners worldwide

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INTERTANKO

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  1. INTERTANKO An Introduction & Key issues facing the tanker industry today Presented by John C. Fawcett-Ellis Legal Counsel & Regional Manager Asia-Pacific Dalian, 24 June 2004

  2. representing responsible oil and chemical tanker owners worldwide • promoting Safer Ships, CleanerSeas and Free Competition

  3. strict membership criteria based on quality and performance

  4. The International Association of Independent Tanker OwnersINTERTANKO today • 240 Members • 2,200 tankers • 160 million dwt • Average age: 13.5 years • 270 Associate Members • 27 Staff /6 Consultants Oslo London Singapore Washington

  5. INTERTANKO in Asia - Pacific Membership • Australia – Botany Bay Shipping Group • China – Hebei Ocean Shipping Co, Cosco Dalian (Ass. Member), China Shipping, Nanjing Tanker Corporation & Sinochem Shipping • 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 Line, Kyoei Tanker, Meiji Shipping, Mitsui OSK, Tokyo Marine, NYK, Nissho, Shinwa, Taiheiyo, Yuyo • Malaysia – MISC, Aurora, Sutrajaya, Barber Shipmanagement • Singapore – NAS, Petroships, PCL, Thome, TESMA, World Tankers, • South Korea – SK Shipping, Hanjin (Ass Member)

  6. INTERTANKO IN ASIA • Regional Office opened in Singapore in 1999 • Regional Panel since 1998 • Executive Committee members: - Mr KH Koo - TCC – Vice Chairman, - Mr Joseph Kwok – AET / MISC - Mr Shirakuma - NYK

  7. INTERTANKO’s Objectives: • Powerful voice for the tanker industry • Provide members with first class information and services

  8. A powerful voice for the tanker operators worldwide: • IMO • Dialogue with industry counterparts • Partnership with USCG • Lobbying on behalf of the tanker operators with EU & Washington DC • Washington State litigation – Victory in the Supreme Court of the US

  9. Membership services: • Weekly news • www.intertanko.com • Advice to members on Operational/Technical/Legal matters • Port & Terminal information • Freight and Demurrage Information Pool • Terminal Vetting Dbase • Practical publications on technical issues

  10. Key issues facing tanker operators: • ISPS Code – enforcement • Revisions to International Oil Spill Liability & Compensation Regime • Criminalisation of seafarers • Restoring trust with regulators / image of the industy

  11. ISPS key issues: • Enforcement – 1 July deadline - What if a vessel has had its security plan approved but does not have a certificate on board? - Detention – if so for how long? - Will PSC target specific vessel types? • Inspections by PSC - ensuring security does not compromise safety - Shanghai MSA – were only given a month to train their inspectors • C/P considerations - Laytime / demurrage - Additional port expenses

  12. Security clause – Voyage ChartersKey Considerations: • Validity of Notice of Readiness • Allocation of the risk of delay to the vessel • Provision of information by charterers • Warranting compliance with ISPS code and other security regulations • Allocation of costs, losses, liabilities • Nomination of alternative ports

  13. Revisions to International Oil Spill Liability & Compensation Regime • Current IOPC regime - CLC - Fund - Supplementary Fund • Strict but limited liabilities for tanker owners • Post incident fund by oil receivers • Total compensation available approx 1bn USD

  14. IOPC – the pressure for reform: • Should the regime not just compensate oil victims efficiently but also tackle sub-standard shipping? • Advocates of reform Oil Companies, EU States • Reform would most likely increase owners liability/insurance costs whilst sub-standard operators would continue and not care of the consequences

  15. Criminalisation of seafarers • The master of the Prestige – continued detention by Spanish authorities • Disincentive to join the industry – shortage of good crews • No ship is safe without a responsible, well trained, motivated and happy crew • Seafarers often not accorded the same human rights as others

  16. Restoring trust with regulators / image of the industy • The major incidents of the Erika (12.12.99) and the Prestige (19.11.02) have fuelled a massive regulatory attack on the tanker industry - Accelerated phase out of SH tankers - Pressure to reform the IOPC regime - Move to criminalise accidental pollution • Major challenge to take control of our own industry – show that the industry is responsible & quality focussed – zero tollerance – not one drop of oil...

  17. Conclusion The world needs energy; our industry is there to provide a safe, environmentally sound, efficient and cost effective transportation solution INTERTANKO is there to promote the tanker industry; to encourage ever higher standards and technical innovationso that the industry may live up to the zero tollerance to pollution of the public and regulatorsalike

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

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