MINUTES OF THE 21st ANNUAL GENERAL MEETING

Lloyd's of London Monday 5 February 2001

Committee Members Present:

Brian Instone, Kevin Seakins, Mark Chambers, Howard Binks, Doug Scott, Graham Capel, John Coppack, Ron Jarvis, Margaret Beardsley .

1. Apologies for Absence
Robin Mitchell, Gordon Martin, Gordon Moss


2. Minutes of Previous AGM (24 January 2000).
The minutes of the previous AGM were distributed by the Secretary. This year's deliberate error was to show the dates of the 2000 AGM as 1999 which the secretary got in before someone pointed it out.

Apart from this, the minutes were proposed by Tom Carty and seconded by Margaret Beardsley and agreed by a show of hands.

3. Chairman's Report for 2000 (précis – full report on file)
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The Chairman thanked the committee for their efforts in 2000 and especially thanked the Secretary and Treasurer. Meeting attendances remain satisfactory showing that meeting topics continue to meet the interest of members. The topics were also pertinent to the business at a time when the profile of the industry is changing. There were regular guests brought to meeting and membership has held up well in the face of downsizing in the industry.

Changes to OPRA proposed at the last AGM have taken a while to achieve due to work pressures on the committee and the need to abide by rules laid down for the association at its outset. These include the proposed name change ( see below ) to broaden our scope to power generation and the membership were asked to support these changes to maintain the viability of the association. .

4. Secretary's Report for 2000 (précis –full report on file )

The programme of speakers for 2000 was advised. A follow up to the meeting with EQE is anticipated.

Following the last AGM a working party was set up to suggest proposals for change to the Association which are to be voted on at this meeting ( see below ). The secretary explained the background to agreement to these proposals and how these had been circulated to avoid being defeated by quorate rules, which could prevent any change due to lower average attendance than the rules would allow.

Lloyd’s old library has been secured for a further year at no cost for the room.

The retirement from the committee of Graham Capel was reported and appreciation given for his 15 years of service.

The secretary stated that he had tendered notice to resign from the committee but would continue on until the summer break.

To change the name of the Association to the Oil Petrochemical and Energy Risks Association
( OPERA ).

Proposed Doug Scott, Seconded Howard Binks, carried by show of hands

To amend the objectives of the Association as follows

“To maintain and develop an Association for parties interested in energy risks in the London and Worldwide insurance market. The main objectives are to provide a social point of contact for like minded people, information on relevant topics of interest and a networking opportunity for engineers, underwriters, brokers and others involved in insurance of oil gas petrochemical and energy risks.”

Proposed John Coppack, seconded Roger Salter, carried by a show of hands

In addition to the above it was noted that the 2001/2 committee would elect from its number, persons to carry out the tasks of Membership, Programme and Press Officers so spreading the load of the secretary and increasing the involvement of ordinary committee members.

6. Election of Officers
There were no new proposals for membership of the committee.

The Committee for 2001 was proposed as:

Brian Instone - Chairman
Robin Mitchell - Deputy Chairman
Kevin Seakins - Treasurer
Mark Chambers - Secretary ( interim )
Howard Binks
Alan McShane
Doug Scott

John Coppack
Gordon Martin
Ron Jarvis
Gordon Moss
Margaret Beardsley

Proposed: Alan Roberton Seconded: Roger Salter. Agreed on a show of hands.