Environmental, Ethics and Non-Retaliation Policy

ENVIRONMENTAL, ETHICS AND NON-RETALIATION POLICY

 

Environmental Policy Statement

  • This policy shall apply to all Company personnel ashore and shipboard, including contractors providing services on behalf of the Company, subsidiaries, affiliated business entities and agents which are owned wholly or partially by the Company.
  • Company recognizes the potential impact on the environment due to bulk liquid transport by sea of cargoes defined by MARPOL. Company is fully committed to the protection of the environment and the prevention of pollution locally and globally, through compliance with all relevant national and international environmental laws, legislation, statutes, codes, regulations, enforceable agreements, and permits (hereafter, “environmental requirements”).
  • All Company personnel on board ship and ashore shall work in an environmentally friendly manner to aim for the continual improvement of Company’s environmental performance.
  • In the event of an unplanned waste oil stream release the Company shall make all feasible efforts to contain its effect on the environment.
  • Company is fully committed towards pollution prevention that emphasizes towards source reduction, continuous reduction of environmental risks and includes funding and human resources necessary to effectively maintain and repair the systems, equipment and components found in machinery spaces of vessels and anywhere onboard the vessels including all other resources required for the effective implementation of the Environmental policy. Company objectives and targets shall aim for the reduction of identified environmental impacts of its activities to air, sea, and land.
  • Company recognizes the importance of incorporating environmental issues and its effect on human health into the everyday business decisions and activities, by monitoring appropriate technology and management practices which when addressed, shall enhance its environmental performance with a primary emphasis on vessel engine room operations, systems, equipment, components, and cargo residue management.
  • Company shall ensure that no shore-based employee or personnel onboard ships under Management, participates in any incentive or bonus programs based on minimizing operational costs associated with the operation, maintenance and repair of machinery space systems, equipment, and components. The intent of this is to ensure that staff do not avoid such costs and thereby sacrifice environmental compliance.
  • Company top management is committed to sharing information with external stakeholders on environmental performance and undertake steps in energy conservation to help address the problem of depleting natural resources and its impact on the environment.
  • Company personnel ashore and shipboard who fail to comply with this policy shall be subject to disciplinary action up to and including termination of service.

 

Ethics Policy Statement

  • All Company personnel ashore and shipboard shall execute their duties responsibly. They must conduct themselves in an honest, integral, and ethical manner at all times while working for the Company or onboard any of its vessels.
  • Any breach of environmental requirement must be reported to the Company and the appropriate authority of the coastal state where in the ship may be at the time of the breach.
  • All staffs both in Company’s office and onboard ships should fully understand that any MARPOL/ Environmental violation, falsification of records, false statement, or obstruction of an investigation is a violation of law and can never benefit the Company or the personnel involved.
  • Company personnel ashore and shipboard shall cooperate with appropriate authorities carrying out inspections, reviews, or audits for the purpose of ensuring proper implementation of the Environmental Management System. They have a duty to answer all questions posed to them.
  • Any Company personnel ashore and shipboard who becomes aware of any unethical conduct or conduct which is contrary to applicable environmental requirements and/or health and safety rules and regulations shall immediately advise DPA/ ADPA of the situation. DPA shall keep a dated record of such incidents as well as a brief summary of the incident reported, and the remedy instituted.
  • Failure to notify the DPA/ ADPA of any violations of any applicable environmental requirements and/or failure to cooperate fully with any authorities in carrying out their auditing and oversight functions required by applicable law and/or Company procedures, shall form clear grounds for dismissal.
  • Company personnel ashore and shipboard who fail to comply with this policy shall be subject to disciplinary action up to and including termination of service.

 

Non-retaliation Policy Statement

  • Company has adopted a non-Retaliation policy to ensure no retaliation or adverse action will be taken against any person who makes good faith report of any actual or potential environmental, health, safety, or integrity violation.
  • All Company personnel ashore and shipboard shall not retaliate against or in any way treat adversely any subordinate, co-worker, employee, or crew member for their reporting of any environmental, health and safety or integrity violations to the appropriate authority of the coastal state.
  • All company personnel ashore and shipboard are advised that the Company is very serious about the importance of environmental compliance. Actions to support the compliance goals will be commended, but any violations will result in serious consequences and could lead to dismissal.
  • Company personnel ashore and shipboard who fail to comply with this policy shall be subject to disciplinary action up to and including termination of service.

 

Signed : Managing Director / March 21, 2024