Lloyd's Register EMEA enters into comprehensive co-operation agreement with Eletson

Eletson Corporation has signed a comprehensive, consolidated contract with Lloyd's Register EMEA for the provision of a range of classification, certification and technical consultancy services for its entire fleet of 26 double-hull tankers.

The agreement involves classing Eletson's entire fleet of medium and long range double-hull product tankers, as well as providing International Safety Management and International Ship and Port Facility Security Code certification, a fuel advisory and bunker analysis service (FOBAS) and a ship emergency response service (SERS).

The co-operation agreement also provides a framework for the sharing of knowledge relating to market forces, technical design and operational issues for the mutual benefit of both parties.

Gregory Hadjieleftheriadis, Chairman and CEO of Eletson Corporation, says: "The agreement reached with Lloyd's Register EMEA demonstrates our commitment to a long term business relationship which looks for mutual benefits beyond the consistent delivery of agreed services under uniform terms and conditions. Our joint focus on continual improvement in standards of safety, quality and environmental impact will provide a lead to the industry in this respect."

Apostolos Poulovassilis, Area Manager for Lloyd's Register EMEA's East Mediterranean Area, says: "We are delighted to enter into this agreement. The ongoing relationship with Eletson Corporation is a further demonstration of our continuing commitment to the Greek shipping community."

Lloyd's Register EMEA FOBAS provides owners and operators with confidence in the fuels and lubricants they use in onboard machinery plant by providing a comprehensive bunker testing service accompanied by engineering expertise.

SERS is a well recognised service which provides owners and operators with naval architectural support in the event of a ship emergency such as a grounding or a collision, helping owners and salvors to make decisions based on technical understanding of how ships behave under a given set of conditions. SERS also provides training and exercises to help owners to test and verify their emergency response plans. Eletson Corporation has been a dedicated user of SERS for the past five years and has won the 'SERS Ship Emergency Exercise Award' - an accolade which recognises a company's commitment to emergency preparedness - a number of times.

Alan Gavin, Marine Director of Lloyd's Register, says: "Eletson Corporation has always been and remains an operator dedicated to quality and committed to the classification process, in the full recognition that knowledge-sharing can provide safety and business benefits for both organisations."

Ends.

Notes to editors

The Lloyd's Register Group is an independent risk management organisation that works to help improve its clients' quality, safety, environmental and business performance throughout the world. Its expertise and activities cover shipping, railways, other land-based industries and oil and gas. The Lloyd's Register Group operates worldwide through a network including Lloyd's Register Asia, Lloyd's Register EMEA (Europe, Middle East and Africa), Lloyd's Register North America, Inc. and Lloyd's Register Central and South America Limited.

For more information

Dolly Robinson
Marine Media Manager
Lloyd's Register
T +44 (0)20 7423 1682
F +44 (0)20 7423 2069
E dolly.robinson@lr.org

Services are provided by members of the Lloyd's Register Group.
Lloyd's Register, Lloyd's Register EMEA and Lloyd's Register Asia are exempt charities under the UK Charities Act 1993.