INTERCARGO 25 th. ANNIVERSARY MEETING

ROUND TABLE of international shipping associations

Members of the ROUND TABLE BIMCO International Chamber of Shipping (International Shipping Federation) INTERCARGO INTERTANKO

The ROUND TABLE of international shipping associations – voluntary cooperation to: Promote common policy positions – representative of wide common membership Provide strong and united shipowner “voice” in International Forums Ensure more effective use of limited resources Avoid surprises / resolve potential conflicts in policies

ROUND TABLE of international shipping associations - shared principles We are committed to working together We are committed to QUALITY & the elimination of the substandard We have no pride of authorship We promote CONTINUOUS IMPROVEMENT in this fast paced world AND We do not accept that the current way is the best way

A few examples of Round Table cooperation Joint submissions to IMO Common positions with respect to EU issues Establishment of INTERGROUP as formal stakeholder interface with EU Parliament, Commission, Council and EMSA Tripartite meetings of owners, builders and class Flag State guidelines (updated) Industry Code on Recycling The “image” of shipping – working with IMO et al

Issue Agenda is a long one Maintaining Supremacy of IMO & International Maritime Law Against the challenges of Local and Regional Legislation Challenges to Industry Governance Structures Balancing Regulation with Self Regulation Promotion of CONTINUOUS IMPROVEMENT People issuesPiracy Ship RecyclingEnvironmental Challenges Competition RulesSecurity Liability RegimesDialogue with partners Image& Much more

“INFORMATION IS GLOBAL, BUT POLITICS ARE LOCAL”

LEGISLATION AND REGULATION IS GOING LOCAL AROUND THE WORLD

Maintaining Supremacy of IMO & International Maritime Law Against the challenges of Local and Regional Legislation INTERNATIONAL Challenges to UNCLOS EU Ship Source Pollution Directive Canada Bill C-15 Ballast Water Legislation Air Pollution / Fuel Quality regulations FEDERAL Challenges to EPA regs on Ballast Water Discharges Massachusetts Oil Spill Response legislation Pending legislation in New Jersey Delaware, and Rhode Island on tanker traffic, LNG shipments, etc.

Challenges to Industry Governance Structures International Law But also Flag Classification Societies Port State Control

Balance between Regulation & Self Regulation REGULATION Effective Regulation Fit for purpose Properly considered Impact assessed Compatible with International Law Implemented uniformly SELF-REGULATION Best Practice Commitment from all Industry Guidelines Requires Trust

Industry-wide Foundation Industry / University Partnership Vehicle to enhance image and reputation of ALL in the shipping industry Providing access to information for schools, universities, politicians, regulators and media Providing financial and technical support to those who wish to know more

The Maritime Industry Knowledge Centre The Maritime Industry Foundation has been established as an industry / university partnership supported by both public and private funds

Students, Public, etc.

Facts diffuse rumour and knowledge dispels fear.

Harnessing the information base of The Maritime Industry and providing the tools for its communication will create an environment in which many new Images will emerge.

The Maritime Industry Foundation will shine a new light on this great Industry.

OWNERS & QUALITY SHIPPING

TODAY ACCIDENTS ARE DOWN MARKETS ARE GOOD BEST OF TIMES ?

AN IMPORTANT QUESTION? WHAT RESPONSIBILITIES DO OWNERS HAVE BESIDES MAKING MONEY? THIS IS THE POLITICAL STRUGGLE IT WILL BE ANSWERED….WITH US OR WITHOUT US

Designers Shipbuilders Equipment Suppliers Class Charterers Operator/Manager Financiers / Guarantors Owner All stakeholders in the maritime businesses are linked in the expanded Chain of Responsibility Cargo Owners Brokers P&IHull insurers Ports & Terminals Coastal States Waterways authorities Flag states Bunker suppliers Pilots Tug operators Labour providers Salvers Repairers Paint Suppliers Agents Spill Response Cash Buyers Ship Breakers Regulators

CONTINUOUS IMPROVEMENT DO WE NOT ALL SHARE A RESPONSIBILITY TO STRIVE TO CONTINUOUSLY IMPROVE OUR REAL PERFORMANCE?

IF So !

Looks can be deceiving

And again

COMMON THREADS OWNER RESPONSIBLE FOR THE MAINTENANCE OF THE VESSEL ALL REGISTERED WITH LEGITIMATE FLAGS ALL FULLY CLASSED ALL WERE ENTERED IN P&I (IG) MOST WERE “ACCEPTED” BY LEADING CHARTERERS

P&I IS ONLY ONE LINK IN CHAIN OF RESPONSIBILITY APPROXIMATELY 25 OTHERS P&I IS A VITAL ONE LICENSE TO TRADE EVERY SHIP-OWNER HAS A STAKE IN THE SUBSTANDARD GROUP SHIP BUT …. WE ARE NOT JUST LOOKING TO P&I

OPTIONS FOR P&I REQUIRE SURVEYS FOR LOWER QUALITY VESSELS EXCHANGE INFORMATION ON VESSELS (AND OWNERS?) EVALUATE OWNER DISINCENTIVES FOR LOSSES (INCENTIVES FOR QLTY) REVIEW GROUP AUDIT PROCESS Work with “supporters” to overcome any competition law issues

INTERTANKO Annual Event Singapore March 2006 POSEIDON CHALLENGE: an invitation to all participants in the Chain of Responsibility to join INTERTANKO members in a sustained commitment to CONTINUOUS IMPROVEMENT. It is founded upon the principle that the shared goals of “zero accidents”, cleaner seas and the elimination of the sub-standard can best be achieved by voluntary, cooperative and self motivated efforts. Further, it recognizes the importance of cooperation and that every link in the Chain of Responsibility is vital and must perform to the same high standard for society’s goals to be achieved.

SUNRISE? SUNSET?

SHIP-OWNERS TO DECIDE WILL WE DO WHAT HAVE BEEN DOING- ”LEAVE IT TO THE POLITICIANS WITHOUT THE STAKEHOLDERS ” OR WILL WE INVEST USD 70 MILLION TO CONSTRUCTIVELY INFLUENCE OUR FUTURE? (USD 80 BILLION PROFITS IN 2004) NEXT YEAR WE WILL SPEND USD 10 + BILLION ON NEW SHIPS WILL INDUSTRY LEADERS ENGAGE THE BATTLE?