Administration and Policy Manual APM	Doc No.: APM 1.4 Revision: 0 Date: 15Apr 2023 Issued by: DPA Approved by: MD Page: 1

1.4.1 Mission statement

We are committed to provide first class ship management and marine services solutions to our customers. Our ambition is to drive the transformation of our industry and to be the leading global provider of marine support services.

1.4.2 Aims

We aim to be the best in the shipping industry, setting standards and shaping the future not just accepting it.

1.4.3 Goals

The long term goals and aspirations are to prevent human injury or loss of life, to avoid damage to the environment, in particular, the marine environment and property by pursuing a long-term goal of zero accidents, zero spills to sea and minimal emissions to the environment. In order to achieve the objectives, the Company has established various policies which are implemented throughout the SMS. The policies will, from time-to-time, be reviewed and changed, if required, in order to accommodate changes in objectives, the pursuit of safety and environmental excellence, legislation and for the sake of continual improvement.

1.4.4 Risk analysis

Ship management company continually monitors its strategic direction and identifies opportunities and risks through SWOT (strengths, weaknesses, opportunities and threats) analysis, detailing issues that affect its ability to achieve the intended results. Where deficiencies have been identified within processes, the inherent risks raised in lessons learned are addressed through a Procedure Change Request process.

1.4.5 Objectives

Company’s objective is to ensure that its policies are implemented and maintained at all levels of the organization both ship base and shore based. The Company's other objectives are defined as follows:

• (a) Maintain high technical and operating quality of the various ships;
• (b) Provide and maintain reporting routines to the ship owning companies and, to the extent possible, keep the ship owning companies secured against financial risk and exposure;
• (c) Develop and implement Safety, Health, Quality & Environmental Management System to maintain a high level of safety and environmental awareness within the organization and thereby:
  
  (i) Preventing human injury, loss of life and property.
  
  (ii) Ensuring safe practices and routines and review of same.
  
  (iii) Avoiding damage to the environment.
  
  (iv) Complying with applicable international and national conventions, mandatory rules & regulations and ensure that applicable codes (such as ISM, or other applicable flag state authority, IMO, USCG), as well as guidelines and standards recommended by Classification Societies, official bodies and authorities, port state control and maritime industry organizations are taken into account.
  
  (v) Handling emergencies should they occur.
  
  
• (d) Develop and maintain a personnel policy which will secure the best possibilities of the employees' contribution to the accomplishment of Company objectives.
• (e) Enhance motivation and working conditions to promote personal and professional development of the employees with requirements clearly defined.