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Monday, December 11, 2017

The Associate Members Committee (AMC) meets in Dubai

Click here to view the agenda for the meeting Associate Members Committee (AMC) held in Dubai on 29 March 2004.

Arve T. Ustgård, who since 2003 has been representing Teekay, has decided to step down after a three year term as the AMC Chairman and several years’ service on the Committee, to be succeeded by Iain M. Shaw, Managing Director of Braemar Seascope Limited, London.  Shaw represents the shipbroking community on the AMC together with Basil G. Mavroleon of Charles R. Weber & Co. Inc.  INTERTANKO  takes this opportunity to thank Arve for his sterling contributions and leadership through his Chairmanship and looks forward to meeting new challenges under the new Chairman. 

The AMC agreed to add a third regular meeting per year to enhance efficiency in moving issues forward.  One of these meetings may be committed to a single important issue, where all AMC delegates would contribute as relevant to their professional backgrounds. AMC members who are on other INTERTANKO committees or panels, or who provide input to other INTERTANKO committees or panel meetings, are viewed as a beneficial expansion of AMC’s outreach.

AMC has targeted ExxonMobil’s demurrage processing/payment for further scrutiny, with the hope that it could, in a somewhat restructured form, be shaped into a practice more widely used by the industry.

Committee members invited more frequent direct approaches to AMC, to make better use of the available expertise. Views were also expressed that opportunities should be sought during Open Sessions at INTERTANKO tanker events to cover associate membership issues as found relevant by INTERTANKO and/or AMC members. 

Mr. Fritz Heidenreich made a brief presentation to the Committee on the Q88 Vetting Questionnaire system for information purposes.

The discrepancy between class and oil company quality standards for ships was noted along with a consideration of the lack of consistency of their minimum requirements and the use of CAP ratings. Class has found that a dialogue on these issues needs to be conducted separately with oil companies who view these issues differently from each other as well as from class. A view on vetting from the Insurers’ angle revealed that structural failures were becoming less of an issue in liability claims and that more emphasis was now being put on operational factors and the human element.

Shipbroker and ships’ agent representatives provided an update of the ISPS (maritime security) Code implementation and its consequences. The focus was placed on the commercial consequences for tanker owners of a possible waiting time of up to 96 hours in port. The loss of daily revenue in the current firm market, together with fines of up to around USD 30,000, will be quite significant.

The draft minutes from the meeting will be available on the INTERTANKO website shortly. Any questions may be directed to the Committee Secretary, Gunnar Knudsen.

Contact:Gunnar A. Knudsen