©

INTERTANKO Vetting Seminar

Singapore 24 October 2017

Third party vessels risk assessment

– Repsol Vetting

Repsol Vetting, October 24th 2017

Repsol

3

Repsol hasn’t got own fleet, all the vessels used by the

Group are chartered by service, spot or time.

Repsol Risk Map

Risk Map Maritime Incident

Economics Marine Terminal Cargo

Environment People Reputational

Repsol Risk Map: marine incident

The charterer has now become linked, at least in the public mind, to the operator of the

chartered vessel

Amoco Cadiz

Torrey Canyon BP

Exxon Valdez EXXON

Erika TOTAL

Repsol Risk Map: marine incident

ALYARMOUK 2015 11 nautical miles NE of Pedra Branca, Singapore 4.500

Repsol does not appear on this statistics since 1992

Oil Spill - ITOPF OIL Spill Statistics

Repsol Risk Map: marine incident

Repsol Risk Map: barriers

Risk map annual review

Effectivity of barriers annual review

New risks and/or new barriers

Repsol Corporate Norm for Vessel Risk

Control Legal Framework

462 Norm Managing safety and environment in sea and river operations and/or transport

Object:

To establish basic guidelines for managing safety and environment in sea/river operations

and/or transport within the Repsol Group, to minimize risks that may affect the safety of people,

facilities and the environment.

Repsol Corporate Norm for Vessel Risk

Control Legal Framework

Repsol Vetting:

Global technical unit responsible for establishing guidelines for the safety and environment assessment

process for all vessel types operating in the Repsol system, monitoring compliance with applicable

regulations and managing preliminary assessments and physical inspections of vessels when required.

Repsol Corporate Norm for Vessel Risk

Control

Repsol Corporate Norm for Vessel Risk

Control

Repsol Corporate Norm for Vessel Risk

Control

Repsol Corporate Norm for Vessel Risk

Control

Applies to:

Vessels chartered by Repsol

Vessels which call a Repsol Terminal

Vessels with Repsol cargo on board

Repsol Corporate Norm for Vessel Risk

Control

Repsol Vetting Process: 01st Aug 2017

Use of third-party SIRE reports for ships between 1 and 15 years.

Voyage to voyage assessment for ships less than one year.

Concept Short Time Charter and the assessment process.

Attendance at sea trials for TC new buildings.

Repsol Marine Safety Criteria : 01st Aug

2017 New age limits basis on vessel type:

Lowered CAP requirements for vessels from 15 years & 20,000 SDWT

Included criteria for US Barge and Towboat.

Vessel Type Age Limit (less than)

OBO / OO 15 years

Crude/Oil/Bitumen/Chemical 25 years

Bulk/General Cargo 25 years

LPG 30 years

Bunker barge / barge / tug 40 years

LNG 40 years

Repsol Corporate Norm for Vessel Risk

Control

Repsol Corporate Norm for Vessel Risk

Control

Repsol Corporate Norm for Vessel Risk

Control

Repsol Corporate Norm for Vessel Risk

Control

Respol Vetting Services

Respol Vetting Team

8 -Spain 2-Italy

2-UK

1-USA

1-CANADA

2-ARGENTINA

1-PERU

1-SINGAPORE

1-JAPAN

1-CHINA

Every Vetting inspector holds Master or Chief Engineer’s license with

a wide experience in navigation.

They are all accredited by OCIMF SIRE 1 to perform SIRE inspections

in the 3 categories OIL/CHEMICAL/GAS.

Repsol Vetting Team

They have attended the mandatory New Inspector course and passed OCIMF audit

In order to maintain the accreditation they must perform a minimum number of

inspections per year.

Every 3 years they must attend to a refreshment course and be re-audited.

Repsol Vetting Process

Preliminary Evaluation

Repsol Voyage

Vetting Inspection

Age

<15

yea

rs +

SIR

E 6

M. –

2n

d

Co

nse

curi

ve V

oya

ge

Spot – 5years>Age>1year + SIRE 6 months

2011

2006

Repsol Vetting Process

Preliminary Evaluation

Repsol Voyage

Vetting Inspection

Spot/COA – 15years>Age>1year + SIRE 6 months

Repsol Vetting Process: follow up

Incidents

Repsol Terminal

Feedbacks

Repsol Safety Inspections

Port State Controls

Technical Operator Fleet

Repsol Vetting Inspections

Repsol Terminal Feedback

Port State Control Detentions

Repsol Safety Inspections

TMSA review / audit

Vessels working for Repsol:

incidentshipping@repsol.com

2013 2014 2015 2016

Preliminary

Evaluations 1509

1313 (87%) 1678

1494 (89%) 1857

1690 (91%) 1920

1844 (96%)

196 (13%) 184 (11%) 167 (9%) 76 (4%)

Vetting Inspections 762 651 (85%)

733 645 (88%)

760 700 (92%)

625 581 (93%)

111 (15%) 88 (12%) 60 (8%) 44 (7%)

SIRE Inspections 415 364 343 307

Safety Inspections 25 85 76 171

Use of third party

SIRE inspections 467 538 694 1111

TMSA Audits 0 9 11 9

ACCEPTED NON ACCEPTED

Repsol Stadistics

THANK YOU

© Repsol Vetting, October 24th 2017