Tanker owners fearful of Y2K liability

The International Association of Independent Tanker Owners (Intertanko) warned members to offer no guarantees when insuring their operations against Year 2000 software problems.Intertanko said that owners have to exercise due diligence to keep their vessels seaworthy and be in every respect fitted for the voyage, and that this obligation includes ensuring that all computer-based operations are Y2K- compliant."No one can state confidently that their operation is 100% Y2K-compliant," Intertanko advised members, "yet there are (insurance) clauses that require owners to warrant or guarantee compliance as opposed to exercising due diligence or taking reasonable steps to ensure compliance."Sinc...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected