1. North American Panel 17 March 2008 Stamford, CT.
Peter M. Swift

2. International Association of Independent Tanker Owners
MD Overview - INTERTANKO ISSUES - Compliance Law - Air Emissions - Environmental Issues - Human Element - Association - Industry developments Incident statistics - European legislative update - Load Lines - South African coast - Diary Dates X √
International Association of Independent Tanker Owners

3. International Association of Independent Tanker Owners
MD Overview INTERTANKO UPDATE Membership Finances Panel Reorganisation Secretariat
International Association of Independent Tanker Owners

4. Industry Developments

5. Move to Double Hulls
More than USD 500 billion invested since 2000 with the result that ~95% of tanker fleet double hulled in 2010
Assumed all SH tankers phased out by 2010

6. Average age tankers above 10,000 dwt (1970-2007)
Years 6 8 10 12 14 16
1970
1973
1976
1979
1982
1985
1988
1991
1994
1997
2000
2003
2006

7. Future for Single Hulls
Options today
Conversion to
- DH Tanker
- FSU/FPSO
- Bulk Carrier
Recycling
Continued Trading
Continued Trading
Subject to (i) Flag state and (ii) Coastal state acceptability after 2010
But now uncertainty over
Korea
Japan
China
India
Others

8. 2007 Incident Statistics

9. Tanker incidents 2007 by type and accidental pollution
No. incidents
1000 ts oil pollution
Source: INTERTANKO/LMIU/ITOPF/various

10. Accidental oil pollution into the seabn
tonne-m
1000
ts spilt
-45% % %
Reduction per tonne miles
Source: ITOPF/Fearnleys

11. Reported tanker incidents
Number
Source: INTERTANKO/LMIU/various

12. Tanker incidents 2007 by type
Source: INTERTANKO/LMIU/various

13. Tanker incidents 2007 by size

14. Tanker incidents 2007 by age
13%
Incidents/no tankers:
33%
21%
33%
325 incidents

15. Incidents 2007 by type tanker
Number
Source: INTERTANKO/LMIU/various

16. Tanker engine related incidents10 20 30 40 50 60
2002
2003
2004
2005
2006
2007
Below 10,000
10-29,999 dwt
30-99,999 dwt
Above 100,000 dwt No
2007 incidents by
% of fleet per 000 dwt category:
Source: INTERTANKO/LMIU/various

17. Tanker incidents: engine related10 20 30 40 50 60
2002
2003
2004
2005
2006
2007
1970s
1980s
1990s
2000s NK
Built: No
2007 incidents by
% of fleet per decade of build:
Source: INTERTANKO/LMIU/various

18. European Legislative Update

19. European Legislative Update
Ship Source Pollution Directive (2005/35/EC) and Framework Decision - “criminalises accidental pollution”
challenged by coalition of industry partners on basis of conflict with MARPOL and UNCLOS, jurisdictional limitations and legal certainty
ECJ upholds view that Framework decision should be incorporated within Directive
ECJ opines that Directive may be in conflict with MARPOL but EU not signature per se to MARPOL – final ruling awaited
EU Commission revises Directive to incorporate Framework decision requiring EU States to introduce penalties on “natural persons” that are “effective, dissuasive and proportionate”
ECJ ruling on challenge awaited
uncertain future, since Lisbon Treaty (the substitute for an EU constitution) introduces the possibility for harmonised criminal sanctions for environmental crimes across Europe, i.e. the Directive is subject to possible further revision.

20. European Legislative Update
Erika Case
criminal penalties assessed against charterer, owner and class (but not Master)
in the view of the French court there are “gaps” in international law with respect to liability of charterer, class et al
- BUT now subject to appeal
ECJ to rule on Ship waste
- ECJ opines that HFO mixed with seawater et al is “waste” within definition of EU Directive 96/350/EC and “polluter pays” principle should be upheld
- recognition that this challenges CLC/FC liability solely of owners
and also:
Challenges to Limitation of Liability
- EU Commission/EU Parliament effectively routinely challenging owners’ right to limit liability
-applies equally to classification societies et al
Importance of ratifying International Conventions
- e.g. LLMC, Bunkers Convention (will now enter in to force), HNS (hopefully via a new HNS Protocol), as well as others such as Annex VI

21. Load Lines – South African Coast

22. Load Lines - South African Coast
20 NM
16 Apr – 15 Oct = WINTER
16 Oct – 15 Apr = SUMMER

23. Load Line Chart Zone

24. Diary Dates

25. 2008 Association Dates APRIL - ISTANBUL NOVEMBER – LONDON
20 Golf tournament
Bosphorus Cruise
Associate Members’ meeting
21 ExCom/Council
Focus sessions – Chemical Shipping, Shipbuilding, EU Competition Law, Vetting, Human Element, Air Emissions.
22-23 Tanker Event
22 State of the industry
Poseidon Challenge
AGM
23 Poseidon Challenge
Oil & Market session
22 Tanker Chartering seminar
21-23 Partner’s programme
NOVEMBER – LONDON
17-18 ExCom/Council, London

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