Administration Manual 01 Sep 2015

Ship/Shore Administration o Major impressions and comments be discussed at least once a year through a prepared and structured \"Planned Dialogue\" with each employee o Performance of individual office staff is to be appraised on an annual basis using company forms designed for purpose. o Training needs and desires are to be discussed and recorded. o Staff evaluation will be carried out by the immediate superior. o Employees will be advised of the evaluation and any reasons for subsequent salary adjustment. o Annual Staff evaluations are to be completed by the 15th of June each year2.1.13 Career Development• SeaTeam will create employee career possibilities along professional lines as well as careers through administrative positions in the line management structure. o Shore based staff will have a professional development portfolio developed, so that staff can participate in management of their personal career o High performing sea staff will be considered for shore positions when and where possible to help promote longevity and continuity of service2.1.14 Selection of Managers• The company will ensure that our managers have the qualities and competence required for the relevant position and duties. SeaTeam will strive for equality of male and female employees in respect of career possibilities. Selection of Managers will be based on: o Ability to achieve resultsControlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 12 of 24

Ship/Shore Administration o Leadership (ability to create conditions which obtain best results from colleagues) o Marketing ability (knowing and satisfying principals' need and requirements) o Risk awareness (ability to make decisions even when unknown or uncertain factors are present) o Professional knowledge (acceptable professional knowledge required for decision- making within required area) o Qualifications2.1.15 Ethical Code of Conduct• All staff, when on business, are to be aware that they represent the company. Therefore their dealings with agents, suppliers, contractors, etc, must at all times be professionally correct and their behaviour such as never to bring the Company into disrepute.• The behaviour, attire, conduct and working methods encouraged are those, which management deems necessary to project professionalism, ensure higher work efficiency, improved quality of products and services, foster teamwork and cooperation among the sections, and greater awareness of profitability at all levels of operations• All staff, in particular Superintendents, are also to be aware that in line with policy, Masters and Chief Engineers are considered part of the management of this Company and have to be afforded the respect that position deserves. In particular the Captain, who is at all times Master of his ship. Upon first arriving on board, staff shall first report their presence to the Master.2.1.16 Confidentiality and Security• Work stations, both printed and electronic files, documents and all other materials and equipment used in the daily execution ofControlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 13 of 24

Ship/Shore Administration individual duties or as a consequence of those duties are the exclusive property of the Company.• Equipment, files and documents which are intended for the free and open usage of all employees are maintained in common areas and not subject to any specific security.• Equipment, files and documents which are subject to specific security such as computer work-stations, ‘local’ electronic files and files in lockable storage should not be accessed without the permission of the custodian.• Security for commercially sensitive and confidential material is provided however the Company relies on the integrity and self regulation of all employees.• To ensure personal and office security after office hours, all office staff shall cooperate to ensure that the office door is properly secured. The front door is to be locked by last the person attending to the switchboard each day.• Presently, all staff are given a key the door to facilitate work in the office during the weekends. For personal safety and office security, please ensure that the door is secured whilst in the office and whenever leaving the office.• Privileged Information o It is an unfortunate fact of life in any company that individuals become inclined to protect their principals’ interests in claims made against them by outside parties, ie pollution, cargo, injury, etc. To substantiate their claim it is necessary for these outside parties to gather evidence. o It is therefore possible that staff may be contacted by outside parties making seemingly innocent inquiries, which are in fact information gathering exercises. A little information from each of a number of people produces a lot of information. o No information is to be given concerning the company or the movements of its ships, their trading, cargo, condition, crew, captain's name or indeed any fact unless you personally know the other party is entitled to have that information. If you areControlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 14 of 24

Ship/Shore Administration in doubt, pass them or refer them to your Section Manager. Managers in doubt should refer to the Managing Director. o No one except Senior Management has the authority to respond to outside solicitors / lawyers. They should be instructed to speak to Senior Management or send their inquiry in writing to be dealt with by senior Management. o Senior management is considered to be manager level and above.2.1.17 Office Etiquette & Housekeeping• The impression given to visitors to company offices is important to the success of their business. In this respect all staff are reminded that their attire should at all times be conservative and correct.• Smoking in any air-conditioned office premises, enclosed or air- conditioned corridor, lobby, stairwell, washroom or other common areas of the building is strictly prohibited by law.• All staff are to ensure their work stations and surrounding areas are maintained in tidy and orderly fashion at all times. No boxes are to be placed along the common walkways, entrances or in any non- designated areas/rooms in the office.• At year end, each Section is required to do an office housekeeping which includes mustering and destroying of own documents, clearing designated storage shelves/rooms/areas, individual work stations and walkways, preparing files for storage to warehouse, etc.• Recycling, Green Purchasing, Energy & Resource Conservation, and proper disposal of hazardous materials should be an established routine in each section2.1.18 Pension• Singapore Citizens and Permanent Residents of Singapore will be eligible to contribute to the CPF in accordance with provisions of the CPF Act currently in force.Controlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 15 of 24

Ship/Shore Administration • Unless otherwise stipulated in employment contracts, expatriate employees who become Singapore citizens or obtain Permanent Residence status will be required to adjust gross wages to accommodate the payment of CPF without additional cost to the company as a consequence of their changed status2.1.19 Medical Guidelines / Other Benefits • An employee is entitled to paid sick leave if the probationary period as detailed in the Letter of Employment has been completed, and the sick leave is certified by the insurance company’s appointed doctor, and the employee has informed or attempted to inform the company of his absence within 48 hours • AXA’s approved panel of medical practioners are the company appointed medical provider. The cost of medical consultation and treatment will only be met by the company for services provided by the above said as per terms and conditions of the Company’s insurance coverage – proof of identification is required at the time of consultation. Cost of consultation at any other physicians will not be paid except for special cases pre-approved by the Management. • Outpatient Medical Consultation for dependents is extended to expatriate employees and covers the lawful spouse of an employee and unmarried and dependent children up to the age of 18 years living with the employee. 2.1.20 Referrals to Specialists • In the event that referral to a Specialist is necessary, it must be recommended by the AXA’s panel of approved doctors/referrals are to be confined to Specialists in government or restructured hospitals. For cases where specialist facility is available only in private practices, consultation fees shall be paid either in full or partially by the Company upon Management’s approval. Written notice of referral must be provided before treatment of consultation 2.1.21 Dental Benefits • Every employee shall be entitled to dental treatments (consultation, extraction, filling and X-ray only) not exceeding a total amount of S$200 per calendar year, unless covered by other insurance.Controlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 16 of 24

Ship/Shore Administration2.1.22 Exclusions• The Company will not bear any of the following: o Routine medical check up including blood test, X-rays, mamogram treatment of recurring nature and/or immunization against any diseases (eg. Measles, mumps, rubella, chicken pox, hepatitis A and B, tuberculosis, etc). o Charges for appliances, prosthetics or other equipment of a medical, surgical, dental or optical nature or other charges / appliances, such as and including spectacles, glasses, lenses o Any expenses incurred due to pregnancy including childbirth, caesarian operation, abortion, miscarriage or other gynecological expenses. o Routine medical check up including blood test, X-rays, mamogram treatment of recurring nature and/or immunization against any diseases (eg. Measles, mumps, rubella, chicken pox, hepatitis A and B, tuberculosis, etc). o Any expenses incurred in respect of sterilization, infertility, circumcision and congenital anomalies, cosmetic consultation or treatment. o Any expenses for the treatment of skin diseases, nervous and mental conditions, alcoholism or drug addiction, venereal disease, any disability arising from or due (whether directly or indirectly) to Acquired Immunodeficiency Syndrome (AIDS) or any AIDS related complications. o Any expenses arising out of self-inflicted injury or any illness or disease caused by misconduct. o Any expenses incurred in respect of any illness or disablement arising from attempted suicide, the performance of an unlawful act, exposure to any unjustifiable hazard except when endeavoring to save human life and/or provoked assault.Controlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 17 of 24

Ship/Shore Administration o Any medical expenses incurred outside Singapore unless on official duty. o Any expenses due to any illness or accident arising our of or in the course of employment, which you can claim under the terms of Workman’s Compensation, or the Common Law Insurance Scheme or Group Hospitalization & Surgical Scheme. o Any expense incurred in respect of any chronic illness diagnosed prior to employment with the company.2.1.23 Group Hospitalization & Surgical Scheme• This benefit is intended to assist in meeting medical expenses incurred as a result of an employee having: o hospitalization (for at least 6 consecutive hours) o Surgical operation o Emergency out-patient treatment (within 24 hours) as a result of an accident.• All full time employees of the company shall be covered under established plans from the date they are actively at work.• For expatriate employees, the lawful spouse of an employee and unmarried and dependent children up to the age of 18 years living with the employee shall be similarly covered.• Copy of the policies will be made available on request of the employee2.1.24 Personal Accident Insurance• Personal accident insurance is provided for all staff against accidents in the course of work. The amount of insurance coverage is equivalent to 24 times your basic monthly salary. o Subject to compliance with the terms and conditions of the policyControlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 18 of 24

Ship/Shore Administration2.1.25 Workman’s Compensation• For employees who come under the definition of ‘Workman’ under the Workman’s Compensation Act: o Employees are insured either under the Workman’s Compensation or Common Law Insurance Scheme, which provide protection and compensation should you be injured during the course of your work in the Company o Such insurance Scheme provides medical, disablement and death benefits. The quantum receivable is assessable by the relevant authority. o Any accident occurring in the course of work is to be reported to the HSQE department so that investigation can be carried out prior to the filing of whatever claims may be due2.1.26 Allowances• Reimbursement of costs in connection with work such as private telephone, internet and other such allowances are as per employment letter.2.1.27 Annual Leave• Annual leave will be as per the employment letter.• Leave is allowed to be taken after confirmation of employment.• Maximum leave allowable to be carried forward from any one year shall be 10 days of the respective entitlement per year.• No accumulation of leave or settlement in cash shall normally be allowed, but exceptional circumstances will always be considered• Staff will be advised of their leave position as at 1st October of each year in order that they can clear any outstanding leave in the last quarter of the year.• Leave Application Form must be used for all leave applications.Controlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 19 of 24

Ship/Shore Administration• Approval for leave is in accordance with the organization reporting lines: o Managers - approval by the Managing Director o General Staff - approval by Managers• Except for emergency or short term (3-4 days) leave, applications should normally be submitted for approval as follows three (3) weeks in advance, but exceptional circumstances will always be considered2.1.28 Other Leave• An employee is entitled to 14 days paid sick leave a year. If hospitalisation is necessary he is entitled up to 60 days paid sick leave. To be eligible for such leave, the following conditions must be met: o The employee must be hospitalized, o The employee must have successfully completed his probationary period; o The leave must be certified by a medical practitioner or dentist and be submitted to Administration Section; o The employee must inform or attempt to inform his employer of the sick leave within 48 hours of the commencement of such leave• If an employee is sick on a rest day, a public holiday, a non- working day or during annual leave or unpaid leave, he is not entitled to paid sick leave• Maternity leave up to 2 months for the first 3 children only may be granted or as per provided by local employment regulations• Paternity leave, 1 day may be granted for the first 3 children only or as per provided by local employment regulations• Marriage leave, 3 days will be givenControlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 20 of 24

Ship/Shore Administration• Compassionate leave may be given. For death of spouse, parents, children, parent-in-law and sibling, 3 days leave will be given. For critical illness of same persons above 2 days leave may be given• Education leave will be given for the examination dates.2.1.29 Business Travel• All expenses incurred for business travelling will be reimbursed against receipts/costs. Reasonable claims not supported by receipts will be reviewed by department heads for approval. o Air Transportation - Economy class normally o Transportation - Per receipt o Hotel accommodation - Per receipt o Subsistence – As per Singapore Government per diem table• For company travel, the following arrangement is to apply: o Travel Expense Report, duly supported by original vouchers and explanations, are to be submitted to the Accounts Section not later than 1 month from date of return to Singapore. Claims submitted later than 30 days will NOT be reimbursed. o Hotel accommodation shall not be taken and will not be reimbursed for periods of less than 6 hours o All Travel Expense Reports shall be approved according to the Chart of Authority o Travel advance will be provided only for extended travel and must be approved by the Managing Director o Travelling on weekends or public holidays may, under exceptional circumstances, be credited to leave balance at the discretion of Department Heads • Air transportation will be provided as follows:Controlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 21 of 24

Ship/Shore Administration o Managers - Scheduled flight times of 6 hours or longer duration may be booked in Business class; Flights of less than 6 hours are to be booked in Economy Class o Superintendents / Others - All destinations - Economy Class o Where Economy Class tickets are not available and travel arrangements cannot be postponed, Business Class air-tickets will be provided subject to Managing Director’s approval o The company’s approved travel agents, will arrange all booking of air tickets• Travel insurance is provided for staff who are required to travel on company business2.1.30 Termination• The employment letter specifies terms and notice of termination (1, 2 or 3 months) depending on the position.• Where the employment letter does not specify terms and notice of termination, the prevailing terms and notice as applicable to staff in similar positions shall apply. Unused annual leave cannot be used to offset notice period of termination without written agreement.• In accordance with the Employment Act, the Company has the right to terminate your contract of service without giving the required notice stipulated in your employment letter in the following circumstances; o If you are continuously absent from work for more than two (2) days without prior approval from the Company or without reasonable excuse o Where you purposely break any of the provisions in the Company’s regulations or rules of conduct. o In the event of a re-structuring the Company has the right to terminate your service by giving reasonable notice.• For Non Citizen Employees, “Under section 68(7) of the Income Tax Act, any money due to an employee who cease employment shallControlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 22 of 24

Ship/Shore Administration not be paid by the employer without the permission of the Comptroller until the expiry of thirty (30) days after the Comptroller has been notified of such cessation” o In accordance with the Income Tax Act the Company shall withhold any money due on resignation or dismissal until the Comptroller has granted the clearance.2.1.31 Hand-Over Notes• All Managers, Superintendents, Purchasers, and Accountants are to, prior to final payment of salary, prepare handover notes for their reliever. They shall be written even when a staff member is being promoted or transferred to assume new duties within the office. In all such case a completed company hand-over notes form is to be provided to the reliever with a copy to administration.• For staff who are about to go on leave, where the absence is longer than three consecutive weeks, the staff member shall prepare a handover email listing the jobs they have been doing, the progress towards each job, and what remains to be confirmed to be complete. Email hand-over notes may be informal when staff are temporarily covering the functions during a colleague’s absence as long as content is adequate enough to ensure a smooth transition of duties.2.1.32 Email Communications• The company standard format for signing email communications are, as far as possible (with exception of mobile devices) to be used for signing emails, as follows: o For SeaTeam Management Pte Ltd (As Owners Agents) Name/Position Office : Telephone Number Mobile : Telephone Number• The following statement may be included as a standard footer: o SeaTeam Management Pte Ltd gives preference to products, services, and vendors who are environmental friendly. It is ourControlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 23 of 24

Ship/Shore Administration policy to promote conservation, recycling, pollution prevention, and efficiency by procuring goods and services that are Green Label or Energy-Star Compliant wherever feasible. ISO 9001 Certification is considered a base requirement to be considered an approved vendor.• Company logos should not be used in emails in order to minimize communication expenses of graphics Documentation & Filing o Curriculum Vitae (CV)  Office Administration File o Personnel Evaluation Form  Office Administration File o Interview Records  Office Administration File Distribution o All Offices o All Vessels References o ISO 14001 o TMSA 2Controlled Revision: 01 Sep 2015SAM Part A - SSA Doc 002SHORE-BASED OFFICE ADMINISTRATION Approval: WBF Page: 24 of 24

Ship/Shore Administration3.0 Purchasing  Purpose o To provide guidance on the purchasing process  Application o Singapore Office o All Vessels  Responsibility o Office Technical Staff o Shipboard Management Team3.1 Purchasing Process The consumption of supplies and equipment on board ship is one of the largest single controllable costs in ship operation. SeaTeam has procedures for the ordering, purchasing and follow-up of all goods and services necessary for the efficient operation and maintenance of the vessels under its managements. • Objectives o The very best of value and service for our Principals, at the most competitive prices o The total absence of personal preference and favoritism 3.1.1 Purchasing Policy SeaTeam’s purchasing practice is subject to constant monitoring and improvements, based on the best experiences known / learned within the industry.Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 1 of 12

Ship/Shore Administration• Replenishment Intervals o Spare parts - As required, preferably not more than 2 - 3 times per year for particular machinery, unless additional spares are needed for unexpected maintenance caused by breakdowns. o Stores - 3 Months o Lubricants - 4 months for small categories packed in cans and drums. Major categories supplied in bulk should be ordered considering LO ROB, vessel rotation the tank capacity and advantageous ports. o Chemicals - 3 months o Gases - 3 months (or as required in case of major steel / pipe repairs) o Provisions - 2 months (generally). Fresh provisions as required (handled by Master on a cash basis) o Bonded Store - 3 months• Ordering must be well planned and delivery has to be carried out in the most efficient and economical way. The Purchaser shall ensure periodical supplies are planned according to replenishment intervals and for advantageous ports. The Purchaser shall liaise with the Superintendent and coordinate ordering and supply with the vessel. Frequent ordering or ordering at random is to be avoided.• If approved by the Superintendent, smaller urgent supplies of goods or / and services can be purchased for cash by Master or through the Agent and in that case no PO is required. Cash purchases are not encouraged and they should be used only as the last resort.• Cash purchase shall be reported to the relevant Office Staff and included in CBM Report. Records of CBM Report or Agent’s Port Disbursement are to be kept with Accounts Department.• Each category (accounting code) must be ordered separately. This means two or more accounting codes are not be mixed in one requisition as this creates additional work in the office whenControlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 2 of 12

Ship/Shore Administration splitting orders. However all stores requisitions should be exported (sent) together.• Spare Parts are ordered through equipment maker or approved reputable trading house(s), providing the following benefits:• The best prices are achieved through volume discounts• Time and cost of delivery are optimized due to integrated and streamlined logistic• Spare parts prices and discounts are periodically checked between suppliers or compared against historical records in the ShipNet (SNAPS).• Stores are ordered through reputable store suppliers who can provide delivery in major ports. Prices of the most commonly used consumables are compared at least once per year using “benchmark” quotes for the most common items from the selected suppliers.• Lubricants, Chemicals, Gases and Paints are ordered through contracted suppliers who can offer competitive prices and delivery in major ports. Prices and services defined in contracts or agreements are renewed every year or otherwise as agreed between the Supplier and SeaTeam.• SeaTeam will endeavour to negotiate the best possible terms regarding to price, quality and service for the benefit of its Principals• SeaTeam will purchase and supply environmentally friendly products (where applicable and whenever possible). Internal info sharing and communication have to be as paperless as practicable.• Routine Services (servicing of life rafts, servicing of FF equipment and similar) are arranged by the Superintendent through contracted companies with worldwide network (if possible) or through company approved by Class or recommended by Agent or other reliable source.• Other Services (special services or repairs of various machinery and equipment) are arranged by the Superintendents through makers,Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 3 of 12

Ship/Shore Administration or maker’s / class approved service companies. For additional service work not predicted under original scope of work or additional spare parts additional PO should be created.• Fuel Analysis and similar services are regulated by contract and no PO is required.• RFQ (request for quotation) is in principle sent to one approved pre- selected vendor. For urgently needed spare parts inquiries may be sent to multiple suppliers.• In case of fleet-wide large volume purchase, multiple suppliers will be invited to quote. Agreement will be signed with supplier(s) offering the best quality prices and terms. Separate orders will be created thereafter for each vessel by the Office.• For the Owners with their own preferred / approved Suppliers, spare parts, stores and services will be ordered according to the Owner’s instructions. If agreed (allowed) by the Owner, SeaTeam will also send inquiries to its own suppliers for comparison and order will be placed with the company which offers better prices and delivery time.• In order to avoid financial and legal liabilities for the company, all orders for spares, stores, classification, repairs, or any other service or commodity is to be concluded with the words: o For SeaTeam Ship Management Pte Ltd As Owner’s Agent3.1.2 Approved VendorsApproved vendors or chandlers are to be used when purchasinganything on behalf of SeaTeam. The criteria for being approved as aSeaTeam Approved Vendor is, membership of ISSA, being ISO 9001certified or being approved on past merits or records. Priority should begiven to ISO 14001 compliant companies. The Approved Vendors list inthe purchasing system (SNAPS) is updated and maintained by a seniorPurchaser, appointed by the Senior Manager, Technical.Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 4 of 12

Ship/Shore Administration• Vendors to be added to the vendor list are submitted preferably in advance to the Senior Manager, Technical for assessment.• Only the appointed Senior Purchasing Officer and her / his substitute will have the approval necessary to update the vendors list in the SNAPS system. No other individual is allowed to change any vendor’s data.• If there is no Approved Vendor available at a particular port, SeaTeam will advice the vessel of a suitable alternative based upon recommendations from agents, other ship managers or owners. The Senior Manager, Technical is responsible for approval and annual review of acceptable sub-contractors and suppliers - agents, class society, repairers, suppliers, service companies, etc. and maintaining lists of such. He is also responsible for deleting sub- contractors or suppliers who do not perform from the list.• ShipNet is used for transactions between SeaTeam and frequently used suppliers. Purchasing Manager is responsible for maintaining the list of Vendors trading via ShipNet system.3.1.3 General RequirementsRequisitions for all spares, stores, services and repairs by specialist areto be sent to SeaTeam Singapore for processing in the purchasingsystem. This process involves; choice of suppliers, negotiation of prices,and all the logistics involved in the servicing of the vessel. Requiredmanufacturing standard, approval, inspection and, or certification ofcomponents, service and materials as applicable shall be specified onthe Purchasing Requisition and Purchase Order. The ship is to base itsrequirements on inventory. Fleet Group Managers and Superintendentswill approve requisitions according to the approved budget for thevessel. New ships taken into Management will be allocated with anidentification number by the Accounts Department.• The Purchasing Officer should ensure that the purchase order includes instructions to the supplier or sub-contractor to address the invoices to: o Master and/or Owners of (vessel’s name)Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 5 of 12

Ship/Shore Administration SEATEAM MANAGEMENT PTE LTD C/o SeaTeam Management Pte Ltd3.1.4 Responsibilities OnboardEach vessel is responsible for managing her requirements and inventoryregisters with regards to provisions, spare parts, stores, greases, lubes,chemicals and services• The master, in consultation with Chief Engineer and designated Officers is responsible for checking of orders prior to their export or dispatch. They shall ensure that the quantities ordered by all departments, reflect the vessel's genuine requirements• The master is responsible for equipment and goods supplied to the vessel. The items should be checked prior to acceptance of delivery and use. They should be properly stored and maintained. Records should be kept. Loss or damage is to be reported to the “Owner” of the equipment of goods with a copy to SeaTeam office. On completion of storing operation or service, and prior to the vessel sailing, the supplier or service provider is to present the Master with the delivery note and or service report for his confirmative signature3.1.5 Responsibilities Ashore• The superintendent is responsible for the approval of vessel's requisitions for stores, spares, repairs and services according to the budgetary status, in consultation with the vessel. Before his approval he shall check that the correct account code and main cost group is used for the PO. Quotations above Superintendent’s approval limit are approved by senior management as per chart of authority. Interlock in the system does not allow otherwise• The superintendent is responsible for the monitoring of each vessel's victualling orders according to the budgetary status, in consultation with the vessel. If vessel is under external contract, victualling and budgetary status is monitored by the external party• The Senior Manager - Technical will send the Master a list of all vessels and respective responsible Fleet Group Manager,Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 6 of 12

Ship/Shore Administration Superintendent and Purchaser. A new list will be issued whenever there is a change in the fleet and, or responsible staff.3.1.6 Ordering Procedures• Purchasing requisition (PR) is created onboard in the ShipNet purchasing module and exported to office. o Ships with no computerized system shall use SeaTeam Forms REQN 001 to REQN 007 o Such requisitions are sent as attachment by e-mail (or faxed) and in that particular case Purchaser creates requisition in the ShipNet system.• It is strongly recommended to export / send spares requisition minimum 3 - 4 weeks in advance and all other requisitions 2 weeks before delivery should take place.• All landed items for repair or service must be accompanied by SeaTeam Form No. TECH 029 “Landed Goods Advice” indicating reference PO (as / if applicable)• All requisitions are identified by the following numbering format: o Vessel code – Year – Running Number as in Example: 106 - 11-0001. o All requisitions created on board are numbered in single consecutive order. Requisitions created in ShipNet by Office staff are distinguished by requisition number starting with the number 6 o In case of very important and, or urgent PO-s vessel shall send e-mail ensuring that the Purchaser and Superintendent or Senior Fleet Manager are aware of the exported PO. The purchaser is to confirm receipt of such requisition and advise action taken o Printing and circulating of paper forms related to routine purchasing operations should be avoided as far as practicable.Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 7 of 12

Ship/Shore Administration• Imported PR is reviewed by Superintendent of the vessel, who will evaluate the PR. If any adjustments are made by the Superintendent, the vessel is to be advised.• If order is approved, the Purchasing Officer will prepare a query in ShipNet• If order is rejected, the PR will be exported (sent) back to the vessel with comments• The Purchasing Officer sends inquiries to approved supplier(s) or service providers for quotations. In case of frequently used suppliers inquiries are sent via ShipNet. Inquiries to one time suppliers or rarely used suppliers are sent by e-mail or fax• Quotations received from suppliers using are manually feed into the ShipNet (SNAPS). Quotations received by e-mail or fax must be manually entered into the ShipNet (SNAPS) by Purchaser• Superintendent might request from the Purchaser to check for further discounts or quotations• Quotations are reviewed by the Superintendent who also changes the status in the ShipNet from “quotations received to” “quotations approved”. Quotations above 25,000 USD are approved by Senior positions as per “Chart of Authority” The interlock in the system does not allow approval above the preset limit for particular position• Selected supplier’s data are protected by security feature built into the ShipNet system and the same can not be changed by Purchaser or any other un-authorized person. However Superintendent or higher authority may change supplier if necessary• If PR is approved by the Superintendent (or higher position), the Purchasing Officer will create a PO.• The Accounts department will transfer commitment from SNAPS to SNACS• PO is forwarded to supplier via ShipNet or by e-mail or fax.Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 8 of 12

Ship/Shore Administration• Vessel is updated with regards to the changed status of the order through regular exports / imports between ship’s and office’s systems or by ShipNet• Vessel and agent are also informed by e-mail of expected deliveries before supply takes place. In case of changes, an updated list is sent to the same recipients as required. Notification sent by e-mail should contain the following information: o PO Number o Subject / Description o Supplier o AWB Number (as applicable)• With reference to local suppliers and services, the vessel and the agent should be advised with contact details, including 24 hour (AOH) phone numbers. This allows the vessel and agent to contact the supplier in case of delayed supplies or other problems which may occur.• Supplier will forward spares and, or supplies to the vessel or stock point. Invoice with attached supporting documents is sent to SeaTeam Accounts department.• Invoice is received by the Accounts department• Invoice data are keyed into the SNACS by a designated person• All invoices for (special) services are checked and sign by Superintendents. All invoices are pre-checked by Purchasers• All invoices with PO reference are approved electronically in the ShipNet. Limits are set for different levels of authority as instructed by Senior Management. The interlock in the system does not allow otherwise.• Invoices up to 2,000 USD are approved by Purchaser providing difference between approved amount and invoice amount is not greater than 100 USD. Discrepancies above 100 USD must be explained in the ShipNet “History” and such invoices must be submitted to Superintendents for approval.Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 9 of 12

Ship/Shore Administration• Invoice above 2,000 USD must be approved according to “Chart of Authority”• On amounts greater than USD 2K, discrepancies greater than 5% between approved amount and invoice amount should be explained by Superintendent in the ShipNet “History”• The spares/supplies are received onboard and updated as soon as possible in the ShipNet PMS.• The input data will be exported to SeaTeam office• Important: Problem with import / updating of data must be reported by email to Purchasers and Technical Department immediately• By using the same notification e-mail received from the Office, the vessel reports back to the Office on order received status• Vessels may use “REQN 006 – Supply Appraisal Reports” to indicate a lack of customer satisfaction when poor quality items are received.• Purchaser must ensure that “Rec. ship” and “Rec. storage” dates are updated in ShipNet (SNAPS).3.1.7 Account Codes• Account codes are normally entered on the PR by the vessel and shall be controlled by the superintendent during check of quotation, but prior to change to “ quotation approved”• When checking or coding the PO, the Superintendent shall make sure that the ordered stores/spares/services are coded in the correct main cost group, i.e. pre-delivery cost, running costs, up- grading cost, docking cost, insurance claim. Change of accounting code after PO is being issued is done by Accounting Department upon request from Superintendent or Fleet Group Manager or by e- mailControlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 10 of 12

Ship/Shore Administration3.1.8 Requisition for Charts and PublicationsMost vessels under SeaTeam management have been enrolled withdedicated chart suppliers for supply of navigational charts andpublications.Charts and publications are controlled and updated by the appointedchart supplier. Whenever new editions of charts or publications underthe active system are published, the chart supplier will inform thevessel and request for a PO number.Regardless of whether charts and publications are under active orpassive system, a PR will have to be created onboard and quoted as POnumber when corresponding with chart supplier. All correspondencerelating to purchase of charts and publications are to be copied tovessel’s Superintendent, Purchasing Officer and Marine Manager.3.1.9 Purchasing During DockingIf an order needs to be placed urgently and directly to a supplier fromthe vessel during docking, the attending superintendent’s approvalmust be obtained. A copy of quotation or invoice must be sent to theoffice ASAP and PO is created in SNAPS.Suppliers used during docking should be advised by the attendingsuperintendent that no orders or invoice will be accepted unless priorapproval by him or the SeaTeam office.Masters are to be reminded that the normal purchase procedure is thatall requisitions raised onboard must be sent to the office and allordering shall be done by the office unless otherwise instructed by theoffice or indicated in the Shipboard Management Manual.Controlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 11 of 12

Ship/Shore Administration Documentation & Filing o ShipNet Purchasing Module / Database  Purchasing Records o Receipts & Delivery Notes  Department Specific Purchasing File – Common Folder References o ShipNet  User ManualControlled Revision: 01 Jun 2013SAM Part A - SSA Doc No. 003PURCHASING Approval: WBF Page: 12 of 12

Ship/Shore Administration4.0 Accounting  Purpose o To provide guidance on the accounting process  Application o Singapore Office o All Vessels  Responsibility o Office Accounting Staff o Shipboard Management Team 4.1 On-board Accounting Process The Master is responsible for maintaining the ship's accounts in accordance with current tariff's, CBA's and SeaTeam policy. • The following accounts are to be e-mailed to SeaTeam Singapore promptly each month: o Vessel Report of Earnings & Deductions, SeaTeam Form No. CREW 011B (by 25th, to manning agents) o Overtime Sheet, SeaTeam Form No. CREW 012, when required o Summary of Monthly Money Order, SeaTeam Form No. CREW 013A (by 20th, to manning agents) o Master’s Cash Statement, SeaTeam Form No. CREW 014 o Welfare Fund Statement, SeaTeam Form No. CREW 015Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 1 of 13

Ship/Shore Administration o Representation Accounts, SeaTeam Form No. CREW 016, when required o Victualling Cost Summary, SeaTeam Form No. CREW 017 o Victualling Stock Control, SeaTeam Form No. CREW 017A o Monthly Deduction Lists, SeaTeam Form No. CREW 022 o Bonded Store / Slopchest Account, SeaTeam Form No. CREW 036 o Bonded Store / Slopchest Inventory, SeaTeam Form No. CREW 037 Originals should be retained onboard.4.2 Cash Account• The Master is to contact SeaTeam for cash if required. Upon delivery onboard, the Master is to check the amount and sign for receipt.• The Master is personally responsible for the money whether he himself or a designated person is handling the cash. All amounts debited or credited to the cash account are to be supported by signed vouchers, bills, cash advances etc. Cash can only be drawn from agents after authorization has been received from SeaTeam and the Master must issue receipts for all sums drawn from the agents.4.3 WagesEach officer and crew member is to be paid monthly, according to thesalary and overtime stated in the contract or sign-on letter. Deductionswill be made for personal costs incurred such as money orders, cashwithdrawals, slop-chest, communications etc. For some nationalities,compulsory allotments will be paid in their home countries and shouldbe deducted from the salary paid on-board.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 2 of 13

Ship/Shore Administration4.4 AllotmentsAllotments of crew members will be paid either by SeaTeam Singaporeor their manning agents as appropriate. The Master will be informed ofthe corresponding deductions to be made. In order to avoidunnecessary communications between the vessel, manning agents andSeaTeam, the following procedures are implemented:• No allotments are permitted in the month of sign-on, sign off or earlier, as advised by SeaTeam.• Allotment amounts, once decided by the crew, cannot be changed during the crew's contract period.• Change of allotment amounts will only be allowed in the case of shipboard promotion, or when there are changes in wage scales.• To avoid unnecessary and often tedious reconciliation of differences in accounting between ship and office accounts, please note the following: o Where changes in allotment occur due to shipboard promotion, the new allotment amount will commence from the month of promotion if the promotion is effected on the 1st day of the month. Otherwise, the new allotment amount will commence in the following month of promotion. o The Master is to inform SeaTeam of the date of promotion in advance of its effect. o Where changes in allotment occur due to changes in wage scales, the new allotment amounts will commence in the month that the Master, upon his receipt of instruction of the new wage scales from SeaTeam, confirms commencement of onboard deductions based on the new allotment amounts.• Indian Crew o Summary of Monthly Money Order (SeaTeam Form No. CREW 013A) prepared by the Master is to be sent to the manning agents on or before 20th of each month.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 3 of 13

Ship/Shore Administration o Change of allotment amounts will only be allowed in the case of shipboard promotion, or when there are changes in wage scales. Money orders can be added to the allotment if for the same bank account. o All bank charges are to be as per Company policy: First fixed allotment – Company’s account Second allotment onwards – Crew’s account Final balance of wages – Company’s account.• Cash Advance o The Master will be advised of ''cash advance'' deductions for amounts paid to the crew members prior to their embarkation.4.5 Money OrdersWhen a crew's family requires additional funds in any one month, thecrew member can request additional remittances through moneyorders, provided he has sufficient balance to cover such remittances.The ''Summary of Monthly Money Order\" (SeaTeam Form No. CREW013A) must be used for all additional remittances. For control purposes,the \"Summary of Monthly Money Order” is to be numbered on amonthly basis in consecutive running order, and particulars of payee'saddress, telephone contact number and full bank details are to beproperly completed.• The Master is to email SeaTeam Form CREW 013A to the appropriate manning agents, and cc. SeaTeam.• Remittances will be effected only upon receipt of the \"Summary of Monthly Money Order”.• All charges in respect of the additional remittances are for the account of the crew member.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 4 of 13

Ship/Shore Administration4.6 Balance of Wages• Balance of wages can be settled on board except accumulated leavepay balance, which should be settled by office after crew arrives home.4.7 Accounting Report Forms• The company requires vessel’s submission of the accounting reports in section 4.1 on a monthly basis.• SeaTeam Form No. CREW 014 - Master's Cash Statement o To be prepared when there is a change of command of Master, and at the month-end. o All payments are to be properly supported: o By list of Cash advances duly acknowledged by crew (SeaTeam Form No. CREW 022B) o By suppliers’ invoices for other payments, e.g. purchase of stores or provisions, payments for goods or services• SeaTeam Form No. CREW 036 - Bonded Store / Slopchest Account o All sales to crew are to be acknowledged by crew (SeaTeam Form No. CREW 022A)• SeaTeam Form No. CREW 011B – Vessel Report of Earnings & Deductions o This is a monthly summary of: Variable earnings (Overtime, crew expense claim, etc.); and Deductions (Cash advances, slopchest sold to crew, crew personal expense, etc.). to be reported by Master to manning agents for preparing monthly Wage Accounts.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 5 of 13

Ship/Shore Administration• SeaTeam Form No. CREW 011 - Wage Accounts o Wage Accounts are prepared by the Manning offices and sent to vessels for verification and distribution to crew. o To be prepared monthly for every crew member onboard; and before any crew sign-off the vessel. Wage Account is to be signed by the Master and crew member concerned. o Every crew member’s monthly Wage Account must be summarised in the Wages Summary (SeaTeam Form No. CREW 011C), including off-signers during the month. o To facilitate office decisions on recovery of expenses, especially for repatriation of crew who sign-off due to early termination or dismissal for disciplinary reasons , the “Reason for signing off” should be indicated on the Wage Account for crew who sign-off for any one of the following reasons: o Dismissal – (Brief description of reason) o Early termination by crew o Completion of ContractThree (3) copies of this form are required and are to be distributed asfollows: o One (1) copy to SeaTeam Singapore or their manning agents o One (1) copy to crewmember o One (1) copy for vessel's file• SeaTeam Form No. CREW 012 – Overtime Sheets o The forms are to be filled in and checked by the responsible officer in each department and submitted in duplicate with the monthly Wage Accounts. o Close supervision is required to minimize unwarranted costs, by avoiding the allocation of overtime works on public holidays and rest days.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 6 of 13

Ship/Shore Administration o The Master must also ensure that all meal-hours are to be deducted when the daily earned overtime hours is computed. Overtime often gets out of hand and when this occurs, it is always difficult to rectify at a later date without causing dissatisfaction. Where the crew member has been compensated with \"fixed\" monthly overtime, no form need be completed. o For crew under CBA Agreement, the CBA stipulates a fixed monthly overtime covering a guaranteed number of overtime hours. o For officers all overtime is included in the total wage package as per their contract. Additional overtime for the crew shall be limited to essential cargo handling, tank hold cleaning and maintenance work. As a general guide the additional overtime should be in the order of 50-75 hours per month depending upon ship type, age, trade and position. o For overtime in excess of the above, the Master shall contact SeaTeam’s Fleet Personnel Manager for guidance• SeaTeam Form No. CREW 016 – Representation Accounts o Only when a vessel is employed on time charter, are the printed forms to be filled in, duly supported by relevant details and vouchers and sent to SeaTeam with vessel's monthly accounts.4.8 Office Accounting Procedures• Purchaser is to review the code and initial on all invoices before passing them to the superintendent for approval. The Purchaser is to check each invoice for value of delivered items against the quotations and price lists and confirm delivery of goods or services to vessel or forwarding agent (if confirmation copy is not received).• Superintendent is to check the account code, date and initial in the spaces provided. Any invoice in dispute must not be passed to the accounts department. The purchaser or superintendent should inform the vendor in writing about the dispute, copying in the accounts department. All invoices must be coded and approved according to the Chart of Account and Chart of Authority.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 7 of 13

Ship/Shore Administration Superintendents are to finalise invoices in dispute as soon as possible. If the dispute is expected to be prolonged, an indication should be given as to the amount that could be paid. The Fleet Group Manager is to be advised as appropriate.• All invoices are to be processed and passed on to Accounts Department promptly for payment.• Paid invoices involving insurance claims are to be photocopied by the responsible Accountant and the originals (stamped “paid”) placed in the claims file.• For invoices amounting to less than US$2,000 and with the value corresponding to the purchase order or quotation and/or price list, approval can be done by the purchaser.• Invoices for repairs and/or maintenance should be checked and coded by the superintendent and approved by the Fleet Group Manager.4.9 Department ResponsibilityThe relevant Technical/ Manning department responsible for thevessel’s budget control, shall be responsible for checking, coding andapproval of purchase orders and invoices.4.10 Charts Of AuthorityThe Managing Director, through delegation, has given authority to theSenior Managers and Managers. The financial chart of authority showsthe authority delegated to the Managers and other personnel.Refer to SSA Master List 005 – Charts of Authority4.11 Accountability Review and Clearing of Accounts• Copies of accounts are distributed to the Fleet Group Manager, Crewing Manager or the Superintendent as relevant. The ManagingControlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 8 of 13

Ship/Shore Administration Director shall receive copies on a quarterly basis, unless otherwise instructed. Upon receipt of the accounts, the responsible Superintendent is to review the accounts in detail and satisfy themselves that the figures are in accordance with the forecasts.• Any extraordinarily high expenditure or undesirable trends are to be analyzed and brought to the attention of the Fleet Group Manager without delay. The Fleet Group Manager is to discuss and implement corrective actions together with the Superintendent. In particular, any misallocation of costs should be corrected.• Extraordinarily high expenses are to be brought to the attention of the Senior Manager, Technical or in his absence, the Managing Director. Observations by the Managing Director or Senior Manager, Technical are to be passed to the Fleet Group Managers and/ or the Crewing Manager for their attention and response. Accounts Department will only pass the monthly/ quarterly accounts report to the Owners upon receipt of confirmation to do so by the Fleet Group Manager or their nominated delegate.4.12 Budget Variance ReportThe BVR is a summary total of the vessel's actual operating expensesfor a given period, by expense category, with:• Comparison to Budget for the same given period.• It also reflects operating costs per day for: Actual, current year-to-date Budget, current year-to-date Actual, last year4.13 Accounting Reports• Reporting Requirements to Principals o SeaTeam Singapore’s standard Agreement for Ship Management specifies the general reporting requirements / deadlines to Principals.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 9 of 13

Ship/Shore Administration• Vessel's Operating Costs Budget o This is normally prepared by the Ship Management Technical Department around October for next year's budget for submission to SeaTeam Singapore’s Principals for approval.• Monthly Funds Request o In the first week of each month, SeaTeam Singapore will request funds from Principals. The monthly funds request include (but may vary according to Principal’s requirement): Opening funds balance (Add: Deficit / Minus: Surplus) + Estimated payments in the coming month (crew disbursements + insurance/lubes/etc. invoices) + Cash Buffer Open PO’s sorted on Account No. Report is required to estimate the cash buffer. If funds are not received within 7 days from sending the funds request, a reminder is to be sent by the Accountant. If no funds are received by the 25th of the month, the Senior Management shall be informed.• Monthly / Quarterly Financial Reports o The monthly financial reports which include the Income Statement, Balance Sheet and Trial Balance and supported by Budget Variance Report on vessel's operating costs have to reach the Principals by deadlines as specified by Principals, usually before 15th of each quarter. BVRs have to be reviewed by the Fleet Group Manager before being forwarded to Principals.• Time-table for Submission of Reports o In order to monitor the funds request / receipt and the dispatch of monthly financial reports, the following schedulesControlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 10 of 13

Ship/Shore Administration shall be prepared by the Accountant to be submitted to the Senior Manager, Finance upon completion  Summary of Funds Request  Summary of Monthly Accounts Submission• Summary of Funds Request o This provides the amount of funds requested, date the funds request was sent and the date and amount of funds received.• Summary of Monthly Accounts SubmissionThis schedule provides the following dates relating to the monthlyaccounts: o Date forwarded to Technical & Crewing Department o Date approved by Technical & Crewing Department o Date dispatched to Principals (quarterly)• Pre-Delivery Funds Requests o Pre-Delivery funds request based on predelivery budget is normally sent to Principals 2 weeks prior vessel’s delivery. This includes initial officer and crew movements, communication expenses, standby expenses for officers and crew, initial supplies, etc.• Final Funds Requests o Final funds request including crew repatriation expenses, crew severance pay where applicable, is normally sent to Principals prior vessel’s redelivery.• Finalization of Financial Reports in the Event of Termination of our Technical Management o Upon termination of our technical management, the financial reports should be finalized approximately 6 months after delivery of vessel to new owners or their agents. Thereupon any excess funds shall be returned to owners.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 11 of 13

Ship/Shore Administration4.14 Review of Balance Sheet SchedulesThe Accountant shall review monthly:• Due To Crew Reconciliation – Follow-up regarding open balances (Final balance of wages not yet remitted, cash advances not yet deducted, etc.).• Provision for Crew Leave Pay / Bonus – Agree with Wages Summary.• Provision for Air-ticket Cost – Liaise with Manning agents for Travel agents’ quote/invoices.• Claims Receivable - Liaise with Crewing / Technical departments for franchise provision, claims submission / reimbursement, closing of claim.• Debtor's Account - Review all debtors’ accounts for appropriate follow-up actions. E.g. e-mail port agents for final disbursements account relating to advances made, and settling balances due to / from port agents.• Review of Accruals / Prepayments• Year-End Accounts o As the annual accounts of certain vessels are subject to audit, an audit schedule is to be prepared after arrangement with the auditors to ensure that the deadlines for the issue of audited accounts are met.Controlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 12 of 13

Ship/Shore Administration Documentation and filing o SeaTeam Form No. CREW 016 – Representation Accounts  File Masters Files o SeaTeam Form No. CREW 012 - Overtime Sheet  File Masters Files o SeaTeam Form CREW 013 – Fixed Allotment Request  File Masters FilesControlled Revision: 01 Jan 2014SAM Part A - SSA Doc No. 004ACCOUNTING Approval: WBF Page: 13 of 13

Ship/Shore Administration5.0 Office Job Descriptions  Purpose o To provide function descriptions for office staff  Application o Singapore Office  Responsibility o Office Staff o Managers The SeaTeam organizational structure depicts the basic departmental make-up of the company. The head office, located in Singapore, houses all departmental functions except crewing.  Specific Job Descriptions of office staff in Singapore office are detailed in this section o Singapore Office Job Descriptions are included in Section 5.1  Individual staff in SeaTeam offices is responsible to know the responsibilities detailed for their function, carry our duties assigned, and monitor compliance with responsibilities. o Any inability to comply with assignments should be brought to the attention of the Designated Person and HSQE Department for review and modification where and when necessaryControlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 1 of 27

Ship/Shore Administration5.1 SeaTeam Singapore - Office Job Descriptions 5.1.1 Managing Director  Reports to the Board of Directors  Inter-Relations o SeaTeam Staff  Substitute o Senior Managers  Functions and Responsibilities The Managing Director is charged with the overall responsibility for the day-to-day management, organization and direction of the Company. He is: o Leader of the company o Responsible for all activities and daily running of the company in accordance with plans, budgets o Strategies and plans o Head of Emergency Response Team o Media spokesman o Promotion & Marketing of Services o Management Proposals  Authority o To initiate all necessary actions and make decisions to ensure the company meets its objectives and targetsControlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 2 of 27

Ship/Shore Administration5.1.2 Technical Director / Fleet Managers5.1.2.1 Technical Director  Reports to Managing Director  Inter-Relations o Senior Managers o Shipboard Management Teams o Technical Staff  Substitute o Managing Director  Functions and ResponsibilitiesThe performance of the fleet is the prime responsibility of the TechnicalDirector. He is: o Member of Senior Management & Emergency Teams o He is responsible for supervision of Technical Department Staff o Responsible for the safe, environmental friendly, efficient and cost effective management of vessels o To Manage all aspects of the Technical Department including the selection and supervision of staff and crew and continuous follow-up of maintenance needs o Responsible to place Marine Insurance cover as instructed by Owners and Principals o Responsible for vessel running costs & budgets o To supervise the running of the vessels in regard to delivery of spares/supplies, evaluation of incoming reports from theControlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 3 of 27

Ship/Shore Administration vessels, class surveys, running repairs, maintenance on board and service of shipboard machinery by shore based personnel o To direct purchasing policy, fleet contracts and relationships with major suppliers and contractors o To supervise docking preparation, execution, and cost control o Assist in Promotion/Marketing of services Authority o To act within approved budgets and plans and take all required decisions to ensure cost effective operation of the vessels under management.Controlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 4 of 27

Ship/Shore Administration5.1.2.2 Senior Fleet Manager / Fleet Manager  Reports to Technical Director  Inter-Relations o Senior Managers o Shipboard Management Teams o Technical Staff  Substitute o Senior Superintendent  Functions and ResponsibilitiesThe performance of the fleet is the prime responsibility of the SeniorFleet Manager. He is: o Member of Senior Management & Emergency Teams o Responsible for supervision of Technical Department Staff o Responsible for the safe, environmental friendly, efficient and cost effective management of vessels o To Manage all aspects of the Technical Department including the selection and supervision of staff and crew and continuous follow-up of maintenance needs o Responsible to place Marine Insurance cover as instructed by Owners and Principals o Responsible for vessel running costs & budgets o To supervise the running of the vessels in regard to delivery of spares/supplies, evaluation of incoming reports from the vessels, class surveys, running repairs, maintenance on board and service of shipboard machinery by shore based personnelControlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 5 of 27

Ship/Shore Administration o To direct purchasing policy, fleet contracts and relationships with major suppliers and contractors o To supervise docking preparation, execution, and cost control o Assist in Promotion/Marketing of services Authority o To act within approved budgets and plans and take all required decisions to ensure cost effective operation of the vessels under management.Controlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 6 of 27

Ship/Shore Administration5.1.3 Senior Manager, Accounts  Reports to Managing Director  Inter-Relations o Managing Director o Senior Managers o Masters o Accounts staff  Substitute o Senior Accountant  Functions and Responsibilities o Responsible for the financial management, including cash management for the company o Responsible for supervision of accounts department o Responsible for the overall supervision and the coordination of the day-to-day operations of the Accounts Department o Communicate with Section Heads to ensure the proper recording of costs o Responsible for the maintenance of the accounting system ensuring that accounts and funds management is carried out in an orderly and efficient manner o Liaise with the auditors relating to the auditing of the accounts and attend to taxation matters o To ensure that adequate funds are available and that requests for reimbursement of funds from Principals are sent out by the 10th of each monthControlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 7 of 27

Ship/Shore Administration o Advise Principal after confirmation from Senior Management whenever funds are expected to run into a deficit o The Accountants submit financial reports to Principals on a timely basis o Implement and maintaining SeaTeam Quality Assurance System in his or her department o Preparation and monitoring SeaTeam budget Authority o The Senior Manager, Accounts has the authority to act in accordance with his responsibilities to ensure the efficient administration of all crew handling.Controlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 8 of 27

Ship/Shore Administration5.1.4 Senior Manager HSQE  Reports to o Managing Director  Inter-Relations o Senior Fleet Managers o Shipboard Management Teams o HSQE Staff  Substitute o Marine Manager o Marine Superintendent  Functions and Responsibilities o Designated Person Ashore, Designated Management Representative, and alternate Company Security Officer o In charge of safety, quality, security, and environmental protection o Periodical management review of SeaTeam quality system, record findings from the reviews and propose actions if necessary o Management representative and coordinator for ensuring and verifying that SeaTeam's HSQE Management System is properly implemented and maintained o Review SeaTeam policies regularly and propose revisions if necessary o Investigation and analysis of accidents, marine casualties and near missesControlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 9 of 27

Ship/Shore Administration o Liaise with the vessels in safety, quality, security and environmental matters o Establish annual audit plans, arrange and co-ordinate internal audits, take part in audits and follow-up correction actions o Arrange and co-ordinate external audits o Arrange and coordinate emergency drills. o Member of SeaTeam Emergency Response Team o As a member of the emergency team, he is responsible for ensuring that clientele are notified of any dangerous situation or potentially dangerous situation where an environmental, safety impact may arise from the operation of the ship o Monitoring new rules, regulation and amendments to these and evaluate consequences and actions if necessary o Prepare list of revisions and valid documents in SeaTeam HSQE system regularly and distribute to all concerned o Keep records of distribution of controlled documents o Co-ordinate analysis of experience feedback and evaluation of the results o Formulate policies, procedures and revisions within the framework of the SeaTeam's objectives and policies o Implementation and maintenance of SeaTeam HSQE system o Interface with other Departments Authority o The Senior Manager HSQE has the authority to act in the capacity of the Designated Person Ashore as he deems necessary and to intervene to ensure that compliance with SeaTeam’s HSQE System is maintained in the office and onboard vessels on full technical management.Controlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 10 of 27

Ship/Shore Administration5.1.5 IT Manager / Executive  Reports to o Senior Manager o Administration  Inter-Relations o Managers o Masters  Substitute o Nil  Functions and Responsibilities o Responsible for the company IT functions and marine system/IT section o Develop and implement IT strategies and plans to support the SeaTeam business activities o Evaluate and implement IT projects for the Company o Develop new system, covering system and data feasibility studies which include detailed analysis, design, implementation and programming, as direct o Provide IT support, maintenance and training in the office and to vessels o Responsible for all aspects of the day-to-day IT operations including back-up, systems security, and maintenance matters o Responsible for the office communications (including Email/ EFax/ ETlx/ Internet Mail), ShipNet System, any other new systems acquiredControlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 11 of 27

Ship/Shore Administration o Installation and maintenance of the ShipNet System (various modules) in the office, and any other new technical systems acquired by the Ship Management Department o Responsible for Network management and administration, and to ensure the serviceability of all servers, gateways, LAN, etc. o Responsible for all hardware such as PCs, notebooks, printers, and other software such as applications programs, billing programs, etc. o Monitor and co-ordinate both local and overseas offices and ships’ hardware and software-related issues with the various vendors o Provide technical advice on purchase of computer hardware and software, including upgrades o Source for competitive prices for the purchase of hardware, software and computer accessories o Budgeting and monitoring of company IT expenses o Assist in any other administrative duties when called upon Authority o The IT Executive has the authority as directed by management to act in accordance with his functions, responsibilities and approved budgets to ensure an efficient operation of SeaTeam’s IT function both ashore and within the fleet.Controlled Revision: 01 Sep 2015SAM Part A – SSA Doc No. 005SINGAPORE - OFFICE JOB DESCRIPTIONS Approval: WBF Page: 12 of 27