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Peter M. Swift , Managing Director Sally Woulfe, Communications Manager Anders Baardvik, Executive Manager

The International Association of Independent Tanker Owners INTERTANKO today. 245 Members with 2,050 tankers - 155 million dwt. with average age 13.5 yrs. - ca. 75% independent fleet and > 60% of world tanker fleet280 Associate Members25 Staff / 6 Consultants. Oslo. London. Singapore. W

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Peter M. Swift , Managing Director Sally Woulfe, Communications Manager Anders Baardvik, Executive Manager

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    1. Peter M. Swift , Managing Director Sally Woulfe, Communications Manager Anders Baardvik, Executive Manager

    2. The International Association of Independent Tanker Owners INTERTANKO today 245 Members with 2,050 tankers - 155 million dwt. with average age 13.5 yrs. - ca. 75% independent fleet and > 60% of world tanker fleet 280 Associate Members 25 Staff / 6 Consultants

    5. Membership Criteria : All ships classed with IACS society Owner with reputable P&I club Effective ISM Code Good Port State Control record and in practice – acceptability to peers

    7. An INTERTANKO member company Member in good standing for more than 14 years Ship with only 2 owners – last since 1988 Only one classification society – ABS Flag change to Bahamas from Panama Recent surveys fully satisfactory: 2001: Special survey 2002: Annual survey PSC (Russia) Oil major (SIRE database) NotesNotes

    9. “The Association expresses its sympathy to all those whose livelihood and welfare has been affected by the consequences of the highly regrettable and unfortunate accident to the tanker Prestige. We are grateful that the crew are all safe and acknowledge the prompt and successful rescue operation conducted by the Spanish authorities. We also note the bravery of the master and his two senior colleagues in remaining on board in efforts to save their ship and to minimise the risk to the shore and the environment. ” INTERTANKO Executive Committee and Members NotesNotes

    12. NotesNotes

    13. It is imperative that ALL events surrounding the accident are investigated impartially Places of Refuge must be addressed promptly The continued detention of master is not acceptable The IMO is the proper forum for any new measures International law must be upheld and strict adherence is essential NotesNotes

    14. The European Proposals Restricting “heavy oil” to tankers (over 600 dwt) with double hulls only Accelerating the phasing-out of singled hull tankers Extension of CAS (Condition to Assessment Scheme) to all tankers over 15 years

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    19. Implications for oil and society “Heavy oil” - API less than 30 Cost of freight - potential for increases Impact on other shipping

    20. Europe is more concnered with the effect of shipping rather than being shipping nations. Europe is acting more like ports states than shipping nationsEurope is more concnered with the effect of shipping rather than being shipping nations. Europe is acting more like ports states than shipping nations

    21. “ It is vitally important that we learn from this accident and do all that is reasonably possible to prevent a reoccurrence. ” INTERTANKO - November 2002

    22. “ It is now quite clear that, if decisive action had been taken at an early stage to move the ship to a more sheltered location, the ship and its cargo would almost certainly have been saved and any pollution would have been minimal. ” Bahamas Maritime Authority – release

    24. Muchas Gracias Thank you Hope to see you in Washington, DC April 6-9, 2003 www.intertanko.com

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