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INTERTANKO’s Anti-Trust/Competition law Compliance Statement INTERTANKO’s policy is to be firmly committed to maintaining a fair and competitive environment in the world tanker trade, and to adhering to all applicable laws which regulate INTERTANKO’s and its members’ activities in these markets. These laws include the anti-trust/competition laws which the United States, the European Union and many nations of the world have adopted to preserve the free enterprise system, promote competition and protect the public from monopolistic and other restrictive trade practices. INTERTANKO’s activities will be conducted in compliance with its Anti-trust/Competition Law Guidelines.

2.

MINUTES FROM THE LAST CTC MEETING

The minutes from the last meeting (CTC #31) have been approved by the committee via correspondence, and have subsequently been circulated in the INTERTANKO weekly news, placed on the INTERTANKO web site and circulated as a Chemical Bulletin. A copy of the minutes is attached to this agenda as Appendix 1.

The committee is invited to review and comment.

3.

ACTION POINT STATUS FROM CTC #31

The action points arising from the last CTC (CTC #31) meeting are consolidated in tabular form in Appendix 2 to this agenda.

The committee is invited to review the action point’s status and comment.

4.

REVIEW OF LAST CTSCA (CTSCA #9) MEETING MINUTES AND ACTION POINTS

The approved minutes of the last meeting of the CTSCA # 9 is included in Appendix 3 to this agenda.

The list of Action Points and their status is appended to this document in Appendix 4.

The Committee is invited to review the minutes and raise any questions or contributions they may have towards the work of the CTSCA and/or comment accordingly.

5.

REVIEW OF BLG 12/ESPH

IMO's Bulk, Gas and Liquids Sub-committee (BLG-12) met and discussed the following issues:

5.1

BLG 12 - INTERTANKO Submission on Line Draining:

INTERTANKO, with the unanimous agreement of the INTERTANKO Chemical Tanker Committee (CTC) and Chemical Tanker Sub-Committee (Americas) (CTSCA), made a submission to BLG 12 (document BLG 12/16/3 – Appendix 5), which was discussed at BLG 12.

The document highlighted our concern at the increasing number of requests by terminals globally, for shore lines (chicksans and/or cargo hoses) to be drained back to the vessel upon completion of discharge as such practice is in contravention of MARPOL Annex II regulation 18.

Unfortunately, there was no support forthcoming for the INTERTANKO proposal - from our industry association partners or attending governments - to issue an IMO circular requesting Member States to bring to the attention of their terminals that such practice is in contravention of MARPOL Annex II regulation 18.

Agenda for the CTC #32Page 2 of 39

To be held in Panama City on the 09 April 2008 Issue No. 1

Our Ref.: AGO­­­­-22713­­/1000003Approved by: H.N. Snaith

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