Leading the way; Making a difference

INTERTANKO Hellenic Mediterranean Panel

Sustainability Project

Thursday 10 April 2014Athens

Leading the way; Making a difference

Sustainability Project

• Make a real difference i.e. tangible outcomes• Arguments need to work in any market• Comply with competition rules

Leading the way; Making a difference

Sustainability Project

• Late payment of freight• Late payment of demurrage• Tanker vetting

INTERTANKO can raise its head above parapet on behalf ofits Members

Leading the way; Making a difference

Cumulative Cashflow (USD)

Day 1 Day 12 Day 15 Day 23 Day 29 Day 30 Day 30 Day 37 Day 50 Day 54 Day 54 Day 54 Day 57 Day 64 Day 69 Day 234

-4m

-5m

Leading the way; Making a difference

Sustainability Project

Code of Conduct• Establishes Members’ moral high ground• Sets out how chartering/payment process

should work ... • ... and how owners, brokers, charterers should

behave• Arguments valid at practical and moral level ...• ... and relevant in all market conditions

Leading the way; Making a difference

Sustainability Project

Code of ConductTrying ultimately to change behaviourChairman’s letter to charterers• Expressed concern re late payments• Invited dialogue on draft CoCResult: OCIMF letter to SIRE users ‘Use the

system...’Also new OCIMF incident reporting database

Leading the way; Making a difference

Sustainability Project - Database

• Focus: late payment of freight and demurrage• Need for database of specific payment

information from members• Why? To be able to prove trends which back up

our arguments on late payments• Proof of Concept >5,900 datapoints 2010-2014• Database satisfies anti-trust criteria (MW)

Leading the way; Making a difference

Data Security

• System designed by data encryption experts• Your data is private to you and encrypted• Secure login and data storage• Secure connection through https protocol• System servers located in purpose built hosting

centre with best-of-breed security• Your private data is only available to you, and to

INTERTANKO administrators

Leading the way; Making a difference

Data Security – designed by experts

• Data encryption mechanism is designed and built by Tradenet

• Tradenet designed, built and run the IHS Market Intelligence Network (MINT) system used by some of the world’s largest charterers

• MINT is a Geographic visualisation tool which plots over 2m ship movements per day aggregating cargo data. The MINT system is used and trusted by over 200 maritime and commodity trading businesses globally.

•

Leading the way; Making a difference

Leading the way; Making a difference

Leading the way; Making a difference

Leading the way; Making a difference

Leading the way; Making a difference

Sustainability Project - Database

• Database – value as resource to back up our findings re charterer payment performance.

• Database – value as resource for members to use benchmark overall and specific situation.

• Database – value increases as contributions of data increase.

• Database success depends on Members contributing their payments data and trusting us to handle this sensitive information.

Leading the way; Making a difference

INTERTANKO Tanker Event New York 2014

7 MayCouncil/AGMPartners’ Programme

Annual Dinner at Westin Times Square

Leading the way; Making a difference

INTERTANKO Tanker Event New York 2014

8 MaySeminar: Sustainability – Moving the Story on

Partners’ Programme

Informal ‘Sky Room’ dinner

Leading the way; Making a difference

INTERTANKO Tanker Event New York 2014

9 MayInteractive workshops• Air emissions• Environmental regulatory overview• Sanctions• Security at sea

Golf tournament