1. LATIN AMERICAN PANEL OCTOBER 31, 2007 RECYCLING OF SHIPS JOSEPH ANGELO DEPUTY MANAGING DIRECTOR

2. SHIP RECYCLING DEVLOPMENTS AT IMO INDUSTRY INITIATIVES FUTURE CHALLENGES

3. SHIP RECYCLING - IMO NOV 2005 IMO AGREES TO DEVELOP NEW TREATY FOR SHIP RECYCLING TO REGULATE: DESIGN, CONSTRUCTION, OPERATION AND PREPARATION OF SHIP FOR SAFE, ENVIRONMENTALLY SOUND RECYCLINGDESIGN, CONSTRUCTION, OPERATION AND PREPARATION OF SHIP FOR SAFE, ENVIRONMENTALLY SOUND RECYCLING OPERATION OF RECYCLING FACILITIES IN SAFE, ENVIRONMENTALLY SOUND MANNEROPERATION OF RECYCLING FACILITIES IN SAFE, ENVIRONMENTALLY SOUND MANNER APPROPRIATE ENFORCEMENT OF BOTH THROUGH CERTIFICATION/REPORTINGAPPROPRIATE ENFORCEMENT OF BOTH THROUGH CERTIFICATION/REPORTING

4. SHIP RECYCLING - IMO MARINE ENVIRONMENT PROTECTION COMMITTEE (MEPC) OF IMO IS DEVELOPING NEW TREATYMARINE ENVIRONMENT PROTECTION COMMITTEE (MEPC) OF IMO IS DEVELOPING NEW TREATY INITIAL DRAFT TREATY HAS BEEN PRPARED AND IS UNDERGOING REVIEW AND REVISIONINITIAL DRAFT TREATY HAS BEEN PRPARED AND IS UNDERGOING REVIEW AND REVISION TARGET IS TO ADOPT NEW TREATY AT INTERNATIONAL CONFERENCE IN 2009 WITH ENTRY INTO FORCE IN 2012(?)TARGET IS TO ADOPT NEW TREATY AT INTERNATIONAL CONFERENCE IN 2009 WITH ENTRY INTO FORCE IN 2012(?)

5. SHIP RECYCLING - IMO MAJOR ELEMENTS OF TREATY (SHIP)– CONTROL OF SHIP’S HAZARDOUS MATERIALS (PROHIBIT OR RESTRICT)CONTROL OF SHIP’S HAZARDOUS MATERIALS (PROHIBIT OR RESTRICT) SHIP INVENTORY OF HAZARDOUS MATERIALSSHIP INVENTORY OF HAZARDOUS MATERIALS SHIP RECYCLING PLANSHIP RECYCLING PLAN READY FOR RECYCLINGREADY FOR RECYCLING SHIP SURVEYS AND CERTIFICATIONSHIP SURVEYS AND CERTIFICATION REPORTING (NOTIFY OF INTENT)REPORTING (NOTIFY OF INTENT)

6. SHIP RECYCLING - IMO MAJOR ELEMENTS (FACILITY) – STANDARDS FOR DESIGN/OPERATIONSSTANDARDS FOR DESIGN/OPERATIONS DOCUMENT OF AUTHORIZATIONDOCUMENT OF AUTHORIZATION RECYCLING MANAGEMENT PLANRECYCLING MANAGEMENT PLAN SAFE AND ENVIRONMENTALLY SOUND OPERATIONAL PROCEDURESSAFE AND ENVIRONMENTALLY SOUND OPERATIONAL PROCEDURES EMERGENCY PREPAREDNESS AND RESPONSE PLANEMERGENCY PREPAREDNESS AND RESPONSE PLAN WORKER SAFETY AND TRAININGWORKER SAFETY AND TRAINING REPORTING (UPON COMPLETION)REPORTING (UPON COMPLETION)

7. SHIP RECYCLING - IMO NEXT STEPS: JAN 2008 – INTERSESSIONAL WORKING GROUP MEETING IN NANTES, FRANCEJAN 2008 – INTERSESSIONAL WORKING GROUP MEETING IN NANTES, FRANCE APRIL 2008 – MEPC 57, ARTICLE BY ARTICLE, REGULATION BY REGULATION REVIEW OF TREATYAPRIL 2008 – MEPC 57, ARTICLE BY ARTICLE, REGULATION BY REGULATION REVIEW OF TREATY OCT 2008 – MEPC 58, FINALIZE DRAFT CONVENTIONOCT 2008 – MEPC 58, FINALIZE DRAFT CONVENTION APRIL 2009 (?) – DIPLOMATIC CONFERENCEAPRIL 2009 (?) – DIPLOMATIC CONFERENCE

8. SHIP RECYCLING - IMO ENTRY INTO FORCE CONDITIONS NORMALLY – “X” NUMBER OF COUNTRIES REPRESENTING “X%” OF THE WORLD’S FLEETNORMALLY – “X” NUMBER OF COUNTRIES REPRESENTING “X%” OF THE WORLD’S FLEET RECYCLING CONVENTION HAS MAJOR IMPACTS ON RECYCLING FACILITIESRECYCLING CONVENTION HAS MAJOR IMPACTS ON RECYCLING FACILITIES WILL COUNTRIES WITH RECYCLING FACILITIES BE PART OF ENTRY IN FORCE EQUATION?WILL COUNTRIES WITH RECYCLING FACILITIES BE PART OF ENTRY IN FORCE EQUATION? IF SO, WHAT WILL BE THEIR INCENTIVE TO RATIFY NEW RECYCLING CONVENTION?IF SO, WHAT WILL BE THEIR INCENTIVE TO RATIFY NEW RECYCLING CONVENTION?

9. INDUSTRY ACTIVITY INTERTANKO INTERIM STRATEGY – SHIP TO MAINTAIN A HAZARDOUS MATERIALS INVENTORYSHIP TO MAINTAIN A HAZARDOUS MATERIALS INVENTORY DUE DILIGENCE IN SELECTING RECYCLING FACILITYDUE DILIGENCE IN SELECTING RECYCLING FACILITY MINIMIZE RESIDUES TO FACILITATE “GAS FREE FOR HOT WORK”MINIMIZE RESIDUES TO FACILITATE “GAS FREE FOR HOT WORK” SHIP RECYCLING PLAN (BY FACILITY)SHIP RECYCLING PLAN (BY FACILITY) DELIVERY DECLARATION – READY FOR RECYCLING (BY FLAG)DELIVERY DECLARATION – READY FOR RECYCLING (BY FLAG)

10. INDUSTRY ACTIVITY SHIPPING INDUSTRY INTERIM MEASURES 1.YARD SELECTION – will to undertake operations compatible with guidelines 2.INVENTORY OF HAZARDOUS MATERIALS – maintain inventory 3.GAS FREEING – ensure provisions are included in contract of sale 4.SHIP RECYCLING PLAN – provide facility with info to develop plan 5.REPORTING TO FLAG STATE – inform flag ship has been delivered to facility

11. CHALLENGES INVENTORY OF HAZARDOUS MATERIALS NEWBUILDINGS - SUPPLIERS’ DECLARATION - INITIAL SURVEY EXISTING SHIPS - GATHERING INFORMATION - DOCUMENTATION

12. CHALLENGESOPERATIONS -HAZARDOUS MATERIALS INVENTORY -REPLACEMENT OF HAZARDOUS MATERIALS -SURVEYS AND INSPECTION FLAG STATE (CERTIFICATION) FLAG STATE (CERTIFICATION) PORT STATE (VERIFY)

13. CHALLENGES RECYCLING FACILITY AUTHORIZED (GREEN) FACILITIES -WHERE? -HOW? (TECHNOLOGY TRANSFER, KNOWLEDGE SHARING)

14. THANKYOUWWW.INTERTANKO.COM