ChevronTexaco Shipping Company LLC Clearance & Vetting System INTERTANKO MEETING Houston Presented by Eric Osen 24 September 2002 ChevronTexaco Shipping Company LLC (CTS) the Company Established in 1896
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ChevronTexaco Shipping Company LLCClearance & Vetting System
24 September 2002
Clearance & Vetting Organization
Third-party Vessel – A vessel which is not owned, managed, chartered or in any way directly controlled by ChevronTexaco.
Clearance – The approval or disapproval of a chartering or cargo trading transaction. Each Clearance consists of an approval or disapproval of a vessel, and if approved, the associated vessel/terminal combinations are either approved or disapproved.
Vessel Inspection – An onboard inspection conducted in accordance with the OCIMF SIRE or CDI Inspection Program Format.
Terminal Feedback – An assessment of a vessel’s performance and/or condition made in conjunction with the vessel’s call at a marine terminal.
Clearance – What is it?
Why Clear Ships and Barges?
Vessel age and condition
Charter & Terminal
Port State History
Owner and Fleet
Screen Each Transaction
Charter or FOB
(VC, TC, Parcel)
Quality of nominated Vessel and Owner
Alternatives & Costs
ChevronTexaco Shipping Company LLC
How do we assess risk?
Activity Level Since Merger
SIRE/CDI Inspections Reviewed2000
Terminal Feedback Reports1000
Vessels Nominated for Clearance9000
Onboard Inspection Program