Executive Committee meeting - Intercargo
Transcript of Executive Committee meeting - Intercargo
![Page 1: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/1.jpg)
Executive Committee meeting
At the Theoxenia Palace Hotel
Athens
4 October 2019
1
![Page 2: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/2.jpg)
2Executive Committee meeting 4 October 2019
![Page 3: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/3.jpg)
Anti-trust and Competition Law Compliance Statement
INTERCARGO is firmly committed to maintaining a fair and competitive environment in the world shipping trades, and to adhering to all applicable laws which regulate shipowners and their
representative bodies in these markets. These laws include the antitrust laws, which the United States of America, 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. All meetings INTERCARGO will be conducted in compliance with such laws
and regulations.
As part of those Guidelines, neither INTERCARGO nor its members shall engage in any discussion on or agree upon: fixing of terms, prices, rates; matters relating to particular customers or suppliers;
boycott or blacklist particular customers or suppliers; divide markets or customers; otherwise seek to distort competition. All advice to members on, inter alia, chartering terms including information on
model clauses shall be non-binding and for information only.
3Executive Committee meeting 4 October 2019
![Page 4: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/4.jpg)
the Market - overview
4
After two bad years in 2015 & 2016, and good improvement in 2017 and 2018
2019: After a slow start, optimism has built on a strong improvement
A positive momentum has been aided by moderate new building supply which has not over-saturated the market
factors to keep an eye on (Geo-) political and economic shifts trade tensions a fragile growth in emerging markets /a softening of GDP growth in
developed economies
Executive Committee meeting 4 October 2019
![Page 5: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/5.jpg)
the Market - dynamics
5Source: SSYExecutive Committee meeting
4 October 2019
![Page 6: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/6.jpg)
the Market - dynamics
6Source: SSYExecutive Committee meeting
4 October 2019
![Page 7: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/7.jpg)
the Market - dynamics
7Source: SSYExecutive Committee meeting
4 October 2019
![Page 8: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/8.jpg)
the Market – supply side
Dry bulk global fleet
8Data source: SSY
Feb. 2019
Aug. 2019
No. mil.dwt
Existing 10,959 833.8
Aged >=20yrs 1,022 55.5
6.7%
Orderbook 914 93.3
% 11.2%
Supply side might be impacted by: “2020”, BWM Convention
Executive Committee meeting 4 October 2019
No. mil.dwt
Existing 11,129 848.3
Aged >=20yrs 1,150 61.6
7.3%
Orderbook 874 89.4
% 10.5%
![Page 9: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/9.jpg)
the Market – supply side
Dry bulk global fleet
9Data source: SSYExecutive Committee meeting
4 October 2019
GLOBAL FLEET
No. mil.dwt
Existing 11,129 848.3
Orderbook 874 89.4
% 10.5%
as at end July 2019 (Global fleet data source: SSY)
10-40k DWT 40-65k DWT 65-100k DWT 100-220k DWT 220k+ DWT
No. mil.dwt No. mil.dwt No. mil.dwt No. mil.dwt No. mil.dwt
Existing 3,135 94.2 3,594 199.6 2,657 213.9 1,494 264.9 249 75.7
Orderbook 140 4.7 262 16.1 257 21.2 168 32.1 47 15.2
% 5.0% 8.1% 9.9% 12.1% 20.1%
![Page 10: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/10.jpg)
the Market – demand side
10
Slow down in economic activityWorld trade growth was expected to decelerate to 2.7% in 2019
from 3.1% last year OECD on GDP growth:
3.5% in 2018 3.2% in 2019China: 6.2% in 2019 from 6.6% in 2018
IMF on GDP growth: advanced economies (mainly USA, Europe, Japan and South Korea)
estimation of a 0.3 percentage points reduction (from last year) to 1.9% in 2019
emerging market and developing economies (including China): a 0.4 percentage points reduction to 4.1% in 2019
World seaborne dry bulk trade growth currently looks set to remain quite slow through 2020
Source: BSAExecutive Committee meeting 4 October 2019
![Page 11: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/11.jpg)
11
DISCUSSION
DECISION / ENDORSEMENT
Executive Committee meeting 4 October 2019
![Page 12: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/12.jpg)
12
ENDORSE MINUTES OF PREVIOUS MEETING (circulated electronically – draft version 22.03.2019)
Executive Committee meeting 4 October 2019
• Ballast Water Management• Cargoes• Design Standards, Casualties• Air Emissions
![Page 13: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/13.jpg)
13
CURRENT WORK ITEMS
Executive Committee meeting 4 October 2019
![Page 14: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/14.jpg)
14
Sulphur Limit on fuels from 2020
Executive Committee meeting 4 October 2019
![Page 15: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/15.jpg)
15
Sulphur Cap - 2020
Executive Committee meeting 4 October 2019
![Page 16: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/16.jpg)
16
GHG Emissions
Executive Committee meeting 4 October 2019
GHG short term measures
![Page 17: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/17.jpg)
17
GHG Emissions Industry Long-term measure proposal
Executive Committee meeting 4 October 2019
![Page 18: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/18.jpg)
18Executive Committee meeting 4 October 2019
![Page 19: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/19.jpg)
19Executive Committee meeting 4 October 2019
Dry Bulk Shipping Self-Assessment Scheme(DRY SAS)
Status of synergy INTERCARGO/RightShip
Next step
![Page 20: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/20.jpg)
20Executive Committee meeting 4 October 2019
PSC / Procedures & Transparency
1. Technical aspects• IMO PSC Procedure 2019 (incl. Annex VI, STCW)• Feedback on PSC CIC on Emergency Systems?
2. Engaging PSC MoUs• 1) PSCOs’ ability to communicate in English, 2) follow up inspection
to verify and close out deficiencies, 3) identify applicable regulation when deficiencies given, 4) standardize training
3. Maritime corruption• amending the annex to the FAL Convention and developing IMO
Guidelines and/or a Code of Best Practice on anti-corruption by 2021
4. Share experience on negative and positive PSCO activities and inspections
![Page 21: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/21.jpg)
21Executive Committee meeting 4 October 2019
Cybersecurity & Piracy1. Cybersecurity
• IACS consolidated recommendations on cyber• Cyber security threat within the maritime sector still largely
unknown• Feedback from member to form position
2. Piracy• Hot spot – Gulf of Guinea• Global piracy situation (4 circulars)• Counter piracy frameworks – Asia and GoA
• Experience sharing requested
![Page 22: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/22.jpg)
22Executive Committee meeting 4 October 2019
Casualties / incidents 1. Casualties• Bulk carrier NUR ALLYA, loaded with nickel ore, disappeared with all her 25
crew near Obi island of Indonesia on 20 Aug.
2. Incidents• Number of bulk carrier incidents:
2016: 295 2017: 349 2018: 331 2019: 242 (Jan – 11 Sept 2019)
• Identify five best practices that have made, or will make, a positive impact on safety performance, particularly related to major incidents
![Page 23: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/23.jpg)
23Executive Committee meeting 4 October 2019
HME Cargoes Hold Washing
Port: Rotterdam, $45/cbm for disposing of HME cargo hold washing
Port: Buenaventura, Colombia, $100/cbm for disposing of HME cargo hold washing, plus harbour master surveyor US$400, Agency fee US$200
Port: Guayaquil, Ecuador, HME washwater disposal via truck at Guayaquil at $45/mt; but Phytosanitary national authorities would not allow to discharge
solid & liquid waste when the vessel proceed from a Colombian port. This is in order to prevent contamination spread of the PESTE PORSINA AFRICANA
(PPA) and RAZA 4 TROPICAL HONGO (Foc R4T).
Dedicated tanks: how to get it from hold to tank and from tank to shore.
crew to use them as additional buffer for their small size grey water tanks.
![Page 24: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/24.jpg)
24Executive Committee meeting 4 October 2019
Human Factors
A number of initiatives already in place but being worked independently and at varying stages Intertanko – Human Element in Shipping Committee (HEISC) meets twice per year SIGTTO – Human Element Committee (HEC) meets twice a year OCIMF/Intertanko – Seafarer mental health and welfare Working Group (see below) IMO – Sub-Committee on Human Element, Training & Watchkeeping had 7 meetings so
far, next in June 2020
Intercargo not actively involved but opportunity to join Intertanko & OCIMF in new initiative to understand crew welfare matters including suicide related issues This also being championed by Shell Terms of reference agreed but date of first meeting to be confirmed Propose Marine – Quality Manager represents Intercargo on this Committee when
invited Continue representation at IMO Evaluate possibility of joining other NGO’s i.e. SIGTTO, OCIMF
![Page 25: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/25.jpg)
25Executive Committee meeting 4 October 2019
![Page 26: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/26.jpg)
26
DISCUSS
Executive Committee meeting 4 October 2019
![Page 27: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/27.jpg)
27Executive Committee meeting 4 October 2019
![Page 28: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/28.jpg)
28Executive Committee meeting 4 October 2019
![Page 29: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/29.jpg)
29Executive Committee meeting 4 October 2019
![Page 30: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/30.jpg)
30Executive Committee meeting 4 October 2019
10-40k DWT 40-65k DWT 65-100k DWT 100-220k DWT 220k+ DWT
No. mil.dwt No. mil.dwt No. mil.dwt No. mil.dwt No. mil.dwt
GLOBAL fleet 3,135 94.2 3,594 199.6 2,657 213.9 1,494 264.9 249 75.7
INTERCARGO fleet 471 15.8 622 35.6 580 46.9 497 88.8 82 27.1
% of global existing 15% 17% 17% 18% 22% 22% 33% 34% 33% 36%
INTERCARGO registered fleet as % of Global
per size segment
![Page 31: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/31.jpg)
31
As of 31.09.2019 surplus: GBP 773,344A significant annual surplus for 2019 overall is expected, to depend on new Memberships vs. expenditures in last quarter of 2019: 2019 annual surplus: GBP 541,000 (estimation)
2018 annual surplus: GBP 520,596
A significant annual surplus was recorded thanks to a significant Membership growth and costs maintained at levels comparable to the previous year.
2017 annual surplus: GBP 170,746
2016 annual surplus: GBP 130,590
Executive Committee meeting 4 October 2019
![Page 32: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/32.jpg)
32Executive Committee meeting 4 October 2019
![Page 33: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/33.jpg)
33Executive Committee meeting 4 October 2019
![Page 34: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/34.jpg)
34Executive Committee meeting 4 October 2019
![Page 35: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/35.jpg)
35Executive Committee meeting 4 October 2019
![Page 36: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/36.jpg)
36Executive Committee meeting 4 October 2019
![Page 37: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/37.jpg)
37Executive Committee meeting 4 October 2019
![Page 38: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/38.jpg)
38Executive Committee meeting 4 October 2019
![Page 39: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/39.jpg)
39Executive Committee meeting 4 October 2019
![Page 40: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/40.jpg)
40Executive Committee meeting 4 October 2019
![Page 41: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/41.jpg)
41
INTERCARGO is an accredited NGO since 1993
INTERCARGO at the INTERNATIONAL MARITIME ORGANIZATION
Executive Committee meeting 4 October 2019
![Page 42: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/42.jpg)
42
OVERVIEW OF INTERCARGO’s participation
Please refer to https://www.intercargo.org/topics/imo/
All postings listed at https://www.intercargo.org/news/category/imo/
Executive Committee meeting 4 October 2019
![Page 43: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/43.jpg)
43
INTERCARGOSubmissions to IMO in 2019(1/2)
To access them, please visithttps://www.intercargo.org/intercargo-submissions-imo-2019/
![Page 44: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/44.jpg)
44
INTERCARGOSubmissions to IMO in 2019(2/2)
To access them, please visithttps://www.intercargo.org/intercargo-submissions-imo-2019/
![Page 45: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/45.jpg)
45
MediaReleases
Executive Committee meeting 4 October 2019
![Page 46: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/46.jpg)
46Executive Committee meeting 4 October 2019
Posted on our Website: https://www.intercargo.org/
https://www.intercargo.org/wp-content/annual-report/2018-2019/mobile/index.html#p=40
![Page 47: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/47.jpg)
47Executive Committee meeting 4 October 2019
![Page 48: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/48.jpg)
48Executive Committee meeting 4 October 2019
Year INTERCARGO - entered Fleet Deficiencies per inspection
ratio (DPI)
Non-INTERCARGO fleet Deficiencies
per inspection ratio (DPI)
Global bulk carrier fleet
Deficiencies per inspection ratio
(DPI)
2015 1.04 1.39 1.36
2016 1.16 1.49 1.46
2017 1.17 1.51 1.45
2018 1.12 1.48 1.4
Average 1.12 1.47 1.42
YearINTERCARGO - entered Fleet
Detentions per inspection ratio (DTR)
Non-INTERCARGO fleet Detentions per
inspection ratio (DTR)
Global bulk carrier fleet
Detentions per inspection ratio (DTR)
2017 1.24% 1.73% 1.65%
2018 1.26% 1.63% 1.55%
![Page 49: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/49.jpg)
49Executive Committee meeting 4 October 2019
Report 2018-2019Intercargo – who we are
Definitions and Abbreviations
1. Executive Summary
2. Global Fleet & Market Trends
3. Casualty and Incident Reporting
4. Class
5. Flag
6. INTERCARGO – Entered Ships Performance
7. Owners’ Benchmarking
8. Negative Performance Indicators
9. Protection and Indemnity
10. Port State Control
11. INTERCARGO Reporting Schemes
Other INTERCARGO Publications
Acknowledgments
1. Which sections are most important to you and which are of little or no value
2. What else, if anything, would you like to see in this report
![Page 50: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/50.jpg)
50
Including:- TechCom
circulars- Other technical /
operations circulars
Executive Committee meeting 4 October 2019
![Page 51: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/51.jpg)
51
Circulars
Executive Committee meeting 4 October 2019
![Page 52: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/52.jpg)
52
Annual brochure
LOGO forMembers
Executive Committee meeting 4 October 2019
![Page 53: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/53.jpg)
53
LinkedIn: >1,500 followers
more than tripled in last 3 years
Executive Committee meeting 4 October 2019
![Page 54: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/54.jpg)
54
Company & Vessel certificates
Executive Committee meeting 4 October 2019
![Page 55: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/55.jpg)
55
Lunchtime seminars 2019-”2019 Ballast Water Management – Best Practices” by ABS-“Tools for improving operational efficiency” by ClassNK
in 2017-2018 - “New features of bulk carrier design towards improved fuel efficiency and environmental footprint” by KR- “Bulk carriers design measures to prevent Cargo Liquefaction” “Shaft alignment during new building for Bulk carriers” by DNV GL-“Crew Competence Management Systems (CMS)” by RINA- “Best Practices for Operation of BWTS” presentaion by ABS- “LNG fuelled bulk carriers and tankers” by Bureau Veritas- “Future Fuels – the 2020 challenge” by Lloyd’s Register- Emissions MRV & Cybersecurity by DNV GL
+ a webinar for Full Members (Dec ‘17)Executive Committee meeting 4 October 2019
![Page 56: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/56.jpg)
56Executive Committee meeting 4 October 2019
Capt Hardeep Singh MundaeThome Ship Management
![Page 57: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/57.jpg)
57Executive Committee meeting 4 October 2019
![Page 58: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/58.jpg)
58
DIGITALISATION
Executive Committee meeting 4 October 2019
![Page 59: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/59.jpg)
59Executive Committee meeting 4 October 2019
![Page 60: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/60.jpg)
60Executive Committee meeting 4 October 2019
![Page 61: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/61.jpg)
61
END
Executive Committee meeting 4 October 2019
![Page 62: Executive Committee meeting - Intercargo](https://reader031.fdocuments.net/reader031/viewer/2022013000/61c9ed17ef1dd2170e183e94/html5/thumbnails/62.jpg)
62