We think the three-pillar approach mentioned earlier is the right way to go. We start with the first pillar, which is everything to do with marine safety, to prevent accidents. That is the most important pillar.
The second pillar is secondary to the first, but it is important nonetheless. It is about knowing what to do if something happens and making sure we are ready to deal with it.
The third pillar, liability and compensation, is the lowest priority.
In general, the system makes sense and works. That is what we told the expert panel on oil tankers. We made a number of recommendations to improve it because all systems have to be reviewed continuously and improved anyway. It's a process, a continuous improvement philosophy. However, in our industry specifically, we have to stay in sync with all of the international conventions. Our ships are constantly sailing from one country to another.
With respect to the issue we are discussing today, the transport of dangerous goods, which includes petroleum products, of course, even though it is much bigger than that, we think that the system is strong and healthy overall.