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Tuesday, September 25, 2018

INTERTANKO’s Council Members elect Nikolas Tsakos as new Chairman

INTERTANKO’s Council of Members met this week in Dubai and elected Nikolas Tsakos as Chairman of the Association. Tsakos is President and Chief Executive of Tsakos Energy Navigation and has been a member of Council since 2002. He has served as Vice Chairman since 2012 and succeeds Graham Westgarth, who stepped down after five years in the post.

For comments from the incoming Chairman and the outgoing Chairman please see this press release.

Nikolas Tsakos and Graham Westgarth

The Council also elected Atle Bergshaven, Chairman of Bergshav Management, as new member of INTERTANKO’s Executive Committee.

Atle Bergshaven

The Council meeting further approved four new members: OSM Ship Management AS, Polembros Shipping Limited, Central Mare Inc. and Nordic Tankers A/S. In addition three new Associate Members joined INTERTANKO: BG Group (UK), Green-Jackobsen A/S and Kemaman Bitumen Company SDN BHD.

In addition to other administrative items, the Council discussed and agreed membership fees for 2015, which will remain unchanged. Members further reviewed the ongoing work on INTERTANKO’s Value Proposition and Strategic Plan and approved the main issues and focus areas for Association’s activities which form the basis of a revised Work Plan.

One key project, the Association’s Sustainability Project, was discussed in more detail, as the new INTERTANKO Payment Performance System (PPS) has been finalised over the summer and is now ready for Members’ use. The system will benchmark charterers’ payment performance for freight and demurrage at a time of perceived increasing delays, with the aim of providing supporting evidence for discussions on how to reduce such delays.

The system will allow Members to compare different charterers’ payment performance and compare their own payment recovery record with combined average figures from other participating Members. The resulting statistics will also provide real information for the Secretariat to engage with specific charterers on their payment performance and claims handling efficiency, as well as on INTERTANKO’s Code of Conduct and the sustainability of the industry as a whole.

Members will receive invitations and detailed instructions on how to participate in the Payment Performance System in the coming weeks. The usefulness and general success of the PPS will depend on active and regular participation by Members, whose data input will be completely confidential to each company using advanced data security technology. Only amalgamated averages will be available to other Members. Charterers and other Associate Members will not have access to the database.

In addition to a presentation and Q&A session with OCIMF and updates on various ongoing report items, the Council discussed the proliferation of so-called Conditions of Use documents by oil terminals. Many of these documents contain onerous terms that exonerate the terminal from liability for any damage caused to the vessel, even if the damage is caused by the terminal. Some also require the vessel owners to compensate the terminal or its servants for damage or injury caused by the negligence of the terminal or its servants.

In addition, some of the documents provide that they will be applicable whether or not the Master signs and accepts them. The issue has been included in INTERTANKO’s Work Plan with two agreed courses of action: approach and work with the International Group of P&I clubs to consider agreed modifications to current clauses and approach OCIMF for a possible joint assessment of the impact on safety and environmental protection in cases where terminals, if fully indemnified, may be less rigorous in following strict safe practices.

Contact: Erik Ranheim