Dennis Marvin Chairman Cargo Committee

1

AGENDA

Committee Members

Cargo Statistics

Trends

Major Events

Introduction to the Cargo Workshop

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COMMITTEE MEMBERS

IUMI CARGO COMMITTEE

DENNIS MARVIN, CHAIRMAN UNITED STATES OF AMERICA

NICHOLAS DERRICK, VICE CHAIRMAN UNITED KINGDOM

MIKAELA TAMM, SECRETARY SWEDEN

Keith Auld New Zealand Karl-Gerhard Metzner Germany

Niklas Bengtsson Nordic Hosny Mishrif Egypt

Joanne Chan Asia Koichiro Morita Japan

R. Brent Chorney Canada Jill Murphy Australia

Mathieu Daubin France Frank Ponnen South Africa

Massimo Garbarino Italy Eric De Smet Belgium

Christian Labhart Switzerland Rob J. Timmer Netherlands

Alberto Liuzzi Israel Max Zaccar Lebanon

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CARGO STATISTICS

GLOBAL CARGO PREMIUM 2000 - 2011

6

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Global Cargo premium 2000-2011(2000-2009 "as-if" adjusted for relative increase from

inclusion of new reporting units from 2010)

MARINE PREMIUM 2011 – BY LINE OF BUSINESS

26.2%

53.9%

5.7%

14.2%

Total: 31.9 USD Billion

Global Hull

Transport/Cargo

Marine Liability

Offshore/Energy

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17.2 USD Billion - Cargo

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CARGO – GROSS* ULTIMATE LOSS RATIO Underwriting Years 1996 to 2011

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TRENDS

TRENDS

Economic Uncertainty

Soft Market Woes

Acquisition Costs Increasing

Stock Through Put Expansion

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ECONOMIC UNCERTAINTY

11

-15%

-10%

-5%

0%

5%

10%

15%

2005 2006 2007 2008 2009 2010 2011

World Exports growth

data as of 2011: forecast source: WTO

4000

6000

8000

10000

12000

14000

16000

18000

20000

22000

24000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

World trade values

data as of 2011 forwards: IMF forecast source: WTO

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

00 01 02 03 04 05 06 07 08 09 10 11

Annual GDP Growth

Emerging Markets World

European Unionsource: IMF

TRENDS

Soft Market Woes

Acquisition Costs Increasing

Stock Through Put Expansion

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MAJOR CARGO EVENTS

MSC Flaminia

Thailand Floods

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14

MSC FLAMINIA

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MSC FLAMINIA

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MSC FLAMINIA

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MSC FLAMINIA OWNERS DECLARE GENERAL AVERAGE

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THAILAND FLOODS

CARS SUBMERGED

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FLOODING AT ROJANA INDUSTRIAL PARK, AYUTTHAYA

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KO-SAMUI AIRPORT

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RAILROAD TRACK HANGS MIDAIR AFTER FLASH FLOODING

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THAILAND FLOOD - SUBMERGED ELEPHANT

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INTRODUCTION TO THE CARGO WORKSHOP

THE FUTURE OF GREEN ENERGY & ITS TRANSPORATION CHALLENGES

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Ian Lennard

YORK ANTWERP RULES AND SALVAGE ISSUES

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Nick Gooding

SANCTIONS AND THE GLOBAL MARINE INDUSTRY

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Basilios Podaras

MARINE INSURANCE REGULATIONS IN LATIN AMERICA

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New Port of Rodman in

Panama's Pacific 2010

New Container

terminal in Mexico 2012

New Port in

Colombia

Aurelio Fernandez Concheso

THE CARRIAGE BY SEA OF VEGETABLE OIL

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RICARDO COSULICH

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NICK GOODING

ANCILLARY CARGO CLAUSES – THE IS IN THE DETAIL