The Company recognizes that the maritime operation of vessels in its managed fleet involves a risk to the environment. The Company is committed to minimizing such risks and making continuous efforts to improve environmental performance throughout its operations.

The Company’s policy is to

•   Comply with all applicable environmental laws
     and regulations and apply responsible
     standards where laws and regulations do not
     exist;

•   Encourage concern and respect for the
     environment, emphasize every employee's
     responsibility in environmental performance, and
     foster appropriate operating practices and
     training;

•    Monitor the effectiveness of shipboard       environmental performance and related
      procedures;

•    Manage its business with the goal of zero
      incidents & zero spills and of controlling
      emissions and wastes to below harmful levels;

•    Respond quickly and effectively investigate       incidents resulting from its shipboard
      operations, in order to apply the lessons
      learnt for continuous improvement.

•    Zero tolerance of non compliance with MARPOL       regulations

•    Undertake appropriate reviews and evaluations
      of its operations to measure progress and to
      foster compliance with this policy.