Insurance and Legal Committee
“The Committee has worked on a number of key issues this year including changes to oil pollution laws in California, issues relating to limitation of liability, salvage, and Covid-related issues including crew competency and insurance cover. Sanctions continue to be a key priority following the issue of the US Sanctions Advisory in May 2020 and its wide-ranging guidance for owners and operators. The Committee continues to consider ways in which it can support INTERTANKO Members with all emerging legal and insurance concerns.”
Andreas Andreou, Chairman
- To further the common interests of the independent tanker industry with regard to relevant insurance and liability issues
- To act as a resource group for the INTERTANKO Council and other Committees as well as the Secretariat
- To act as a link between INTERTANKO and the insurance industry and its associations and organisations
- Oil pollution
- limitation of liability
- insurance (P&I, hull, war risk)
- cyber risk
- Insurance markets
What is the Committee looking to achieve this year?
- Increase membership to reflect the full cross section of Members and Associate Members, to enable influence on decision makers/ legislators on key areas of law/ insurance
- Engage with IMO Legal Committee and others regarding threats to the limitation of liability for marine risk including threats to the oil pollution compensation regime
- Monitor sanctions and provide guidance to Members as appropriate
- Monitor new insurance products that cover emerging risks e.g. cyber and security
Chairman: Andreas Andreou – Columbia Shipmanagement
Notice of Meeting: Insurance and Legal Committee, London - 17 May
INTERTANKO’s Insurance and Legal Committee is due to meet in-person at INTERTANKO’s London Office on Tuesday 17 May. A full... MORE
INTERTANKO’s Insurance and Legal Committee meets in London
INTERTANKO’s Insurance and Legal Committee met in London last week under the chairmanship of Andreas Andreaou of Columbia Shipmanagement. This... MORE
INTERTANKO’s Insurance and Legal Committee focuses on cyber risk
INTERTANKO's Insurance and Legal Committee met last week in London. Top of the agenda were issues relating to cyber risk,... MORE
INTERTANKO Insurance and Legal Committee meets in Oslo
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INTERTANKO Insurance and Legal Committee meets in London
The Association's Insurance and Legal Committee met in London last week where it took the opportunity to review the five... MORE
Committee ResourcesThere are no resources for this committee.
Terms of Reference
TERMS OF REFERENCE
INSURANCE & LEGAL COMMITTEE
1. AIMS AND OBJECTIVES
a) The aim of the Committee is to further the common interests of the independent tanker industry with regards to all relevant insurance, liability and legal issues particularly affecting tanker
b) The Committee shall in addition to acting as a resource group for other INTERTANKO bodies as well as the INTERTANKO office, whenever possible act as a link between INTERTANKO and the insurance industry and its organisations.
c) In its work the Committee is to pay due regard to relevant work being done on other INTERTANKO Committees and in other bodies outside INTERTANKO.
2. MEMBERSHIP OF THE COMMITTEE
a) Membership of the Committee shall be endorsed by the Council.
b) The Committee's aim is to have in the region of twelve members. Four Committee members in addition to either the Chairman or one of the Vice-Chairmen shall constitute a quorum.
c) The Committee members term is two years which can be extended for another two years, unless other reasons apply and are approved by the Executive Committee. Examples of when other reasons apply could include when it is difficult to get new members to join a Committee or the member has specific expertise that would be valuable in the resolution of an important issue under discussion by the Committee.
d) INTERTANKO officials may attend Committee Meetings as well as representatives from other INTERTANKO Members on an ad-hoc basis with the agreement of the Committee's Chairman.
3. CHAIRMAN AND VICE-CHAIRMAN
a) The Committee shall appoint its own Chairman subject to the ratification of the Council. The Committee may appoint one or more Vice-Chairmen.
b) The Chairman’s term of office is two years which can be extended for another two years, unless other reasons apply and are approved by the Executive Committee. Examples of when other reasons apply could include when a new Chairman cannot be found or the resolution of an important issue under discussion by the Committee would benefit from the Chairman’s leadership.
4. COMMITTEE MEETINGS
a) Committee meetings should take place twice a year. Committee members should make every endeavour to attend not less than one meeting per annum. Members further commit themselves to participate as fully as possible in e-mail discussions of matters arising between meetings. Such discussions are an important part of the Committee's effectiveness. Should a committee member not be able to attend meetings the member will be encouraged to submit written comments.
b) Repeated non‐attendance/non contribution may result in a review of Committee membership by the Committee Chairman and Secretary and a recommendation of removal from the committee. A Committee member may, on occasion, be represented by an alternate from his company.
5. TRAVEL EXPENSES
The travelling expenses of the Committee’s membership shall be paid by the member company.
6. TERMS OF REFERENCE
The Terms of Reference shall be approved by INTERTANKO’s Council.
The INTERTANKO Secretariat undertakes the secretarial and administrative tasks for the Committee.
The Committee will report to INTERTANKO's Executive Committee or Council as required.
ADK Maritime Pte Ltd
Mr Andreas Andreou
Tsakos Shipping Ltd
Mrs. Ingela Tengelin
Stena Bulk AB