ISM Code Amendments to enter into force on January 2015

Paragraph 6.2 has been amended requiring the Company to ensure that each ship is:

• manned with qualified, certificated and medically fit seafarers in accordance with national andinternational requirements and
• appropriately manned ships in order to encompass all aspects of maintaining safe operationsonboard.

A new Paragraph 12.2 has also been adopted requiring the Company to:

• periodically verify whether all those undertaking delegated ISM-related tasks are acting inconformity with the Company’s responsibilities under the Code

The following guidelines have been added as footnotes to the amended ISM-Code:

• Procedures concerning observed ISM Code major non-conformities
• List of codes, recommendations, guidelines and other safety and security related mandatory instruments
• Revised Guidelines for the operational implementation of the International Safety Management (ISM) Code by companies
• Guidance on the qualifications, training and experience necessary for undertaking the role of theDesignated Person under the provisions of the International Safety Management (ISM) Code
• Guidelines for a structure of an integrated system of contingency planning for shipboardemergencies
• Guidance on near-miss reporting
• Revised list of certificates and documents required to be carried on board ships