C
INTERNATIONAL ASSOCIATION OF INDEPENDENT TANKER OWNERS
TELEPHONE: (47 2) 41 60 80
TELEX: 19751 ITANK N
General Manager T. Rafgård
Asst. General Manager T, A. Meyer
YOUR REF:
OUR REF:
TR/lyd
Mr Michael Alexander, Private Secretary, 10 Downing Street, London SW1, England.
(INTERTANKO)
OSLO 1
P.O. BOX 1452 VIKA
RADHUSGATEN 25
Red. CF 20/10/20.
16th October, 1980
E.
Dear Mr. Alexander
+
With reference to the letter dated 30th August, 1980, from our Chairman, Sir Yue- Kong Pao, I take the liberty of enclosing the INTERTANKO submission to UNCTAD, which accompanied Sir Yue-Kong's statement.
The submission, "Cargo Sharing and the Role of Developing Countries in Tanker Shipping", aims in an analytical way, to outline the organisation of the tanker market. INTERTANKO is not quite convinced that the third world representatives in UNCTAD fully understand the functioning of the market.
It is not enough to state that regulatory schemes will distort the present market. The suspicion the third world feels of the motives of the western world must be removed. Hopefully a more careful argumentation, including in-depth analysis of the economics of the situation, may contribute to a better climate. I hope you will find the INTERTANKO submission a worthwhile effort towards this objective.
With kind regards.
Yours sincerely,
77
T. Rafgard
General Manager