1. ISTEC Presentation London 4 th February 2005

2. Agenda 1.The companies 2.What is transparency? 3.Vision 4.The TransparentSea project 5.Conclusion 6.Discussion

3. Who we are Trigonal Limited, London Shipping software development and consultancy company established in 2003, representing Wallem Limited, Hong Kong Leading ship management company, renowned for their technological prowess, owning DevCo Philippines, Inc., Clark Field Software development facility with staff of about 70, under European management. Major clients include Lloyd’s Register of Shipping and Liberian International Shipping and Corporate Register

4. What is “transparency” ? Just more info ? A way to catch the other party out ? The indiscriminate disclosure of core business information to anybody with a web browser ? A pain in the proverbial ?

5. Transparency: A definition “The full, accurate, and timely disclosure of information to the authorized stakeholders” (adopted from definition found on www.dictionary.com)www.dictionary.com Or, as Wallem defined it when creating TRS A way to enable and ensure that all parties are working from the same information in the same context with the common goal of adding value

6. Vision More accurate reporting through the use of digital media Greater depth of reporting through multiple reuse of reports Data-sharing in a controlled, secure environment to end proliferation of inspections Lifetime reporting

7. Transparency should … Be an ongoing part of processes and not be a snap shot to “tick the box” Enable multiple context interpretation Ensure accountability of all parties Build trust Add value!

8. TransparentSea Project Review of vessel condition reporting in 1997 Prototype of system in 1999 Collaboration with LISCR on Flag State version started in 2001 Commercialized version of the product available in 2003

9. Issues considered Time and cost of report production Distribution and availability of reports Non repudiation and tamper proofing Lifecycle reporting rather than snapshot Reuse of reports to enable greater reporting depth Improved decisions by both report builder and viewer based on objective evidence

10. Areas of application Flag State Surveys/Flag transfers Port State Control Inspections Classification Surveys/Class transfers Asset Protection Risk Management/P&I transfers/Basel II Accident Investigation Secure repository for statutory documents, certificates, drawings maintained on board

11. System Architecture Builder On Inspector’s / Surveyor’s PC Builder Lite – No internet publishing or PKI Used on Wallem Vessels for reporting

12. Structure of Reports General Arrangement Layers Hotspots

14. TRS Builder demo

15. System Architecture Builder On Inspector’s / Surveyor’s PC Builder Lite – No internet publishing or PKI Used on Wallem Vessels for reporting Repository Ad Hoc and interested party owned Report access granted or denied by Repository Owner

18. System Architecture Builder On Inspector’s / Surveyor’s PC Builder Lite – No internet publishing or PKI Used on Wallem Vessels for reporting Repository Ad Hoc and interested party owned Report access granted or denied by Repository Owner Viewer Internet download of similar size to Acrobat Reader PKI based tamper detection

21. Conclusion Secure technology is available to share reports and keep them tamper-proof Sharing of reports among stakeholders would enable vessel life time reporting Life time reporting would enable trend analysis and give early warnings Trend analysis and early warnings would contribute to safer shipping

22. “Oil should travel first class” - that is the aim of the oil shipping industry

23. Proliferation of Inspections Imagine the cost savings if thorough reports were readily available and could be reused

24. Port State Control – the industry perspective Summary:  PSC is actively supported by industry  More needs to be done to ensure harmonised standards  Greater sharing of inspection records would be beneficial  It is an imperative that the integrity of PSC is maintained  Better targeting would result from additional analysis of PSC records  Important lessons can be learned by analysing PSC performance (“Principal INTERTANKO Issues and Environmental Challenges”, Dr. Peter Swift, 12/01/2005)

25. Examples – where some success achieved: Tanker Structure Cooperative Forum Incident reporting and analysis, and casualty investigations (CHIRP/POP&C/EMSA) Common VPQ/VIQ IMO initiative to reduce number of inspections Improved PSC targeting Establishment of TOCA Support of TransparentSea Reporting Solution as universal application for harmonized vessel inspection reporting Initiatives via Information Sharing (“Principal INTERTANKO Issues and Environmental Challenges”, Dr. Peter Swift, 12/01/2005 – with some artistic licence)

26. Thank you! www.transparentsea.com  +44 (0)20 7369 1683  info@trigonal.co.ukinfo@trigonal.co.uk