ENVIRONMENTAL POLICY

The Company shall:
• Be in compliance with applicable environmental rules and regulations in all operations
• Be in compliance with the law "Lov 9. Mars 1973 nr. 14 (Røkeloven)" concerning smoking
• Maintain and update environmental program
• Establish specific targets and carry out measurement against such targets
• Encourage to segregation and recycling of waste
• Encourage customers to take environmental responsibility
• Include environmental requirements in agreements with subcontractors
• Report all environmental unwanted incidents
• Record the environmental aspects and act according to their measures
• Log the emission to air, releases to water, garbage and contamination to land
• Use environmental friendly technology in development of new ships
• Carry out environmental friendly maintenance of properties
• Operate in a fuel efficient manner
• Optimize use of fuel and electric power
• Reduce harm of fuel emission gases to the environment
• Avoid spill to the environment
• Assist or perform service when pollution has occurred in an operational area

Bømlo, 11.04.2012

Jan Fredrik Meling
President & CEO