Common Classification INTERTANKO Athens Tanker Event 11 April 2005 Common Classification Rules for Tankers – An Update on the Tanker Project Robert D. Somerville Chairman and CEO

Common Rules for Tankers What has been achieved The challenges ahead Implementation schedule

Common Rules for Tankers An Extraordinary Commitment

Common Rules for Tankers A responsibility to set the highest standards for the safety of life, property and the marine environment.

Common Rules for Tankers To eliminate competition between class societies with regard to structural requirements and standards.

Common Rules for Tankers A single, clearly recognised standard that has been developed with active input from industry Common scantling requirements regardless of which society is selected to class the vessel

Common Rules for Tankers IMO To set goal-based standards for new buildings as part of safety regulations To develop common classification rules for hull structures and machinery

Common Rules for Tankers Usability Clarity Consistency April 2005 April 2005

Common Rules for Tankers 3-4% increase in steelweight

Common Rules for Tankers Distributes steel to counter stress

Common Rules for Tankers North Atlantic wave environment 25 years minimum fatigue life

Common Rules for Tankers SCHEDULE: April – Rules released August – End comment period September - December – Finalization 1 January 2006 - Implementation

THANK YOU April 2005