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Captain Kertsikoff, Venerable Member of Shipping Industry, Passes

Maritime Activity Reports, Inc.

February 7, 2003

Captain Erric B. Kertsikoff, Vice-Chairman of Intertanko since 1997 and a member of the Executive Committee since 1994, passed suddenly on February 6. Kertsikoff was also Chairman of the Hellenic Forum and an active member of the Association for more than 25 years. Kertsikoff served the Greek and International Shipping Industry for more than 50 years, with dedication and love. According to Intertanko, his personal commitment and contribution was truly outstanding; his enthusiasm and guidance was inspirational, and the leadership and statesmanship he brought had profound importance in shaping the stature and success that the Association enjoys today. Intertanko's managing director, Peter Swift said: "I, along with many colleagues in Intertanko, have personally lost a dear friend and mentor. Erric's support and assistance knew no bounds and his wisdom and guidance will be greatly missed." "Erric's outstanding contribution to Intertanko cannot be quantified and the debt that the Association owes to his enthusiasm and leadership cannot be measured." Intertanko Chairman, Lars Carlsson, commented: "Captain Kertsikoff has passed away but his spirit, his experience and his wisdom is still with us in INTERTANKO. Erric will be greatly missed - and appreciated - for many years to come. Kertsikoff was so committed and so knowledgeable as a global shipping man. There will be many words on his deeds and his thoughtfulness to promote the best practices in shipping. During the last few weeks, conscious of his failing health, Kertsikoff not only advised his pending resignation from Intertanko's executive committee, but in typical fashion also spelt out his visions and advice for future work in the tanker world and in Intertanko." The Eletson Corporation has issued the following notice: "We are deeply saddened to inform you of the sudden death of our brother and co-founder of Eletson Corporation, ERRIC B. KERTSIKOFF, yesterday. He is survived by his wife Loula and his children, Vassilis, Costis and Irina. The Funeral Service will be held on Saturday February 8, at 12.00 hrs., at St. Nicholas, Piraeus.

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