Raets P&I RaetsPandi.com KNOW MORE The power of knowledge of the client’s business Raets Network Seminar 2008 Risk Management & Loss Prevention Jeroen Ebbeling Manager Technical Department

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Raets P&I RaetsPandi.com MORE 2 GETHER The power of collective knowledge Introduction Risk management in relationship to the Collective Knowledge Approach. Definition of risk, what is risk? Risk management is the management of an unknown future event which has an uncertain change of occurrence but with the possibility to effect planned goals. Risk Management & Loss Prevention

Raets P&I RaetsPandi.com DO MORE The power of instant availability with dynamic professionals Risk Management Risk management is about trying to make better decisions, you would want to make decisions that control and limit risks Risk Management & Loss Prevention

Raets P&I RaetsPandi.com BE MORE The power of knowing more together Perception of risk The decision making process is an emotional process. Personal/Company success Personal attitude towards risk taking Previous experiences Emotional decision making is positively effected when it comes to institutional decision making. Committee structures will mask and avoid individual exposure. Risk Management & Loss Prevention

Raets P&I RaetsPandi.com KNOW MORE The power of knowledge of the client’s business Collective Approach to risk management Through our service network we are able to achieve the collective approach in our decision making that ensures our risk management avoids the individual approach and exposure shortcomings. Risk Management & Loss Prevention

Raets P&I RaetsPandi.com HAVE MORE The power assessing risks and moving in to solutions Risk Management & Loss Prevention Loss Prevention Loss Prevention is an integral part of Risk Management, it is a program to prevent losses. It focuses on safety management and its purpose is to reduce the frequency and severity of potential losses.

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Raets P&I RaetsPandi.com DO MORE The power of instant availability with dynamic professionals Guidelines Condition Surveys First Inception All vessels in access of 10 years require a condition survey upon first inception. Renewal Annual, biennial or triennial basis, depending on risk profile. Purpose To ascertain if actual deficiencies are present. Risk Management & Loss Prevention

Raets P&I RaetsPandi.com MORE 2 GETHER The power of collective knowledge We have Condition Guidelines for following type of vessels: General Cargo Vessels & Tankers Fishing Vessels & Small Craft Blue Card applications Risk Management & Loss Prevention

Raets P&I RaetsPandi.com KNOW MORE The power of knowledge of the client’s business The Bunker Oil Pollution Damage Convention With effect from 21 November 2008 the International Bunker Oil Pollution Damage Convention will come into force. The Convention requires owners of vessels over 1,000 GT registered in a state which is party to the convention to maintain insurance to cover pollution damage caused by bunker spills. Risk Management & Loss Prevention

Raets P&I RaetsPandi.com BE MORE The power of knowing more together Risk Management & Loss Prevention Blue Card Ships registered in a State party or entering or leaving a port in the territory of a State party are to carry on board a CLC Certificate issued by the flag state attesting that the registered owner maintains insurance in accordance with the requirements as set out in the International Convention on Civil Liability for Bunker Oil Pollution Damage, 2001.

Raets P&I RaetsPandi.com MORE 2 GETHER The power of collective knowledge Risk Management & Loss Prevention Set up of the Blue Card report The Blue card report contains items considered relevant with regard to the bunker convention. We want the insured vessels to be operated in sound manner in more area’s than in pollution prevention alone. We feel that if and when a vessel is operated in satisfactory manner than the likelihood increases that the bunker procedures subject to the issuance of the Blue Card are also carried out satisfactory.

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