Our Commitment

Our Commitment

The operation of any ocean-going vessel carries an inherent risk of catastrophic marine disasters, death or personal injury and property losses caused by adverse weather conditions, mechanical failures, human error, war, terrorism, piracy and other circumstances or events. The occurrence of any of these events may result in loss of revenues or increased costs or, in the case of marine disasters, catastrophic liabilities.

Our insurance is comprehensive and fully compliant with existing standards, although we cannot insure against all risks, and we cannot be certain that all covered risks are adequately insured against or that we will be able to achieve or maintain similar levels of coverage throughout a vessel 's useful life. There can be no guarantee that any specific or minor claim will be paid by the insurer. More stringent environmental regulations at times in the past have resulted in increased costs for, and may result in the lack of availability of, insurance against the risks of environmental damage or pollution. We plan the traditional range of main and liability insurance coverage for our targeted vessels to protect against most of the accident-related risks involved in the conduct of our business.

We recognize environmental protection and management as one of its highest priorities and that every effort is to be made to conserve and protect the environment from marine, atmospheric and other forms of pollution.

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We are committed to adhering to the law as we do business, i.e. including U.K. Bribery Act 2010, U.S. Foreign Corrupt Practices Act of 1977 & OFAC Policies (with a no-sanction-breach record).

Competition and antitrust: We comply with all competition laws that apply to us. These laws are designed to promote fair competition.

Anti-bribery and anti-corruption: We do not bribe or accept bribes or kickbacks.

Anti-money laundering: We comply with the laws which prohibit money laundering. Money laundering involves hiding proceeds of criminal activity, or making them appear as if they were legitimately acquired.

International trade compliance: Products, technology, software, and information are all subject to trade compliance laws. We comply with all export controls, economic sanctions, customs, and antiboycott laws.