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International Association Of Independent Tanker Owners

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Chapter Summary

The International Association of Independent Tanker Owners (Intertanko) is an organization of tanker owners dedicated to promoting safe transport, clean seas, and free competition to ensure that oil is shipped safely, responsibly, and competitively. The precursor to Intertanko was spawned during the 1930s depression. Intertanko membership is offered to independent tanker owners who own or commercially manage crude oil, product, chemical, liquid gas carriers, and vessels used in offshore oil exploration and production. Intertanko holds meetings during spring and autumn when the Council of Intertanko is elected. The Council of Intertanko is responsible for establishing policy while the Executive Committee is responsible for implementing policy as well as supervising the management of the permanent secretariat. Intertanko finances itself primarily through membership fees. Intertanko's role in transnational economic governance is accomplished through the efforts of working committees such as Bunker-Sub Committee, Chemical Tanker Committee and Communications and Public Relations Committee.

Keywords: Chemical Tanker Committee; International Association of Independent Tanker Owners (Intertanko); membership fees; transnational economic governance



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