The results of Port State Control (PSC) inspections are often used by many interested parties for benchmarking and analysis of the performance of individual ships and fleets. On board our managed fleet we see a lot of Port State Control inspections (373 inspections in 2011) and we monitor and analyse these in order to benchmark our performance and identify ways in which we can improve our performance.

Vessels under the management of Zodiac Maritime Agencies Ltd have a good Port State Control record, which we believe compares well with other ship managers and the best performing flag states.

We have analysed the last 3 years (1 Jan 2009 - 31 Dec 2011) of PSC inspection results and we provide a summary of these in the table below.

Zodiac Maritime Agencies will publish the results of our PSC performance on our web site on an annual basis. We will benchmark this performance against other published data where it is available.

Inspections 01/01/09 - 31/12/11

PSC Authority	Inspections	Observations Reported	Ave Obs/Insp	% of Inspections with Obs	% of Inspections that Resulted in Detention
Tokyo MOU	292	736	2.52	56	5.4
Paris MOU	188	360	1.91	46	0.0
USCG	164	98	0.60	29	1.2