1. INTERTANKO Council Meeting 6 May 2010, London Review of 2009 Meeting of Round Table Executive Committees IMO’s Year of the Seafarer Potential Members Administrative Review – Memberships and Notice periods Items not covered elsewhere

2. Review 2009 Organisation Review - appreciated by membership - role of Regional Panels clarified - secretariat better focused - work plan more structured Engagement with Stakeholders - active at IMO (>3 man-years) - enhanced relationships with OCIMF - re-examining effectiveness of partnerships (RT et al) - establishing contacts with new EU institutions - IMPA. IACS, Tripartite, IG, ITF, other

3. Review 2009 (ISSUES) GHG Reductions – policy position, practical aspects of indices, virtual arrival, TEEMP, COP15 Fuels – EU, CARB, ECAs. Quality issues - VOC management TOTS – becoming industry standard; recognised with Seatrade Award Piracy – engaged as industry interface: to develop “best practices” and keep members informed Human Element – standing up for Hebei Two, Young Seafarers focus group, STCW revision

4. Review 2009 (ISSUES) Lifeboat safety Carriage and Handling of Biofuels Updated Vetting Guide Recycling Diplomatic Conference Influencing World Scale rates – ECAs et al Communication with non-shipping media Review of Conditions of Class Upholding Liability Conventions Mercury in Crude Updating of phase-out information

5. Review 2009 (Services) FDIP – recovered USD 3.7 m (>80% of claims reported) Extended databases/information sharing Initiated revamping of website Extended range of e-bulletins Launched new e-book service Expanded Maritime Industry Knowledge Centre Increased number of member visits -o- Improved IT reliability

6. Review 2009 (Financial) Membership remains strong Overdue payments significantly reduced Tokyo Annual Event cost neutral Publication sales exceeded budget Further strict cost and travel controls Minimal salary adjustments Currency exchange rates favourable through most of year (currencies managed accordingly) Operating surplus of USD 2.49 million (vs. budget USD 1.03 million) and Net surplus of USD 3.04 million Proposal to transfer surplus for 2009 to the Capital Fund, which would then stand at USD 5.58 million at year end

7. Membership survey 2005-10

8. Associate Membership survey 2005-10

9. Joint Meeting of Round Table Executive Committees Criminalisation and fair treatment of seafarers Piracy Greenhouse gases – shipping emissions Shipping’s image & conveying messages effectively

10. Year of the Seafarer Initiatives by Members CSR support for Seafarer Charities Distribution of Letter from IMO Secretary General Flags, t-shirts, caps promoting YOTS In-house competitions – photos, letters, etc. Initiatives by INTERTANKO Review within HEiSC Extensive use of IMO logos and references Planning to develop “articles” for use in house magazines

11. New Members Missing members ! Invitation to members at Panel Meetings to assist in extending membership to those who qualify Encourage Council members similarly to assist Contact: Country managers, Regional representatives, Erik Ranheim and/or Peter Swift

12. Administrative revisions Amendment to the Articles of Association to provide that Associate Members must give 6 months’ notice of cancellation – thereby aligning with cancellation terms for full members Executive Committee agreed to review further the membership fee arrangements for “management” companies Council resolution: Composition of the Executive Committee and involvement of Regional Panel and topic-relevant Committee Chairmen (Item 2.9.4.2)

13. Other items Proposal to the AGM to nominate Mr Nicholas Fistes as a Honorary Member

14. Thank you For more information, please visit: www.intertanko.com www.poseidonchallenge.com www.shippingfacts.com www.maritimefoundation.com