Solutions. Delivered.

01

About us

p.3 Solutions. Delivered.

Bunkernet was established in , in 2007 with the primary purpose of delivering quality marine fuels and lubricants across the globe, both as a physical supplier and through a network of vetted partners.

1.1 Welcome to Bunkernet to Welcome

01 - About us Bunkernet has grown over the years to be one of the most trusted names in bunker and lubricant procurement, with an emphasis on customer care and industry leading after-sales service.

Our track record validates our commitment to delivering fast, flexible and innovative solutions at our key ports and through our worldwide supply network with a clear commitment to delivering tangible value and peace of mind. Our customer centric approach defines Bunkernet as an unique supplier with a trading team constantly available to effectively deliver solutions to a non-stop industry.

p.5 Solid

Bunkernet is frequently evaluated by independent credit rating organizations such as Lloyds MIU and Infospectrum and maintains strong financial reviews.

Average Annual Turnover of +320 million USD

Trusted

Bunkernet maintains credit lines with oil majors, state owned oil companies and local independents worldwide. We are a member of IBIA and the Cyprus Shipping Chamber and a trusted name in the bunkering industry.

1.1 Welcome to Bunkernet to Welcome

01 - About us Secure

We acknowledge that bunkering can be a complicated process with elements of risk. Bunkernet is insured for product liability and professional indemnity.

Industry Leading Insurance Coverage for Product Liability

Quality

Quality is the cornerstone of our business. Quality in what we supply, in how we supply and most importantly quality following the supply by way of our After Sales Service. Beyond our Lloyds approved quality system is our people’s genuine commitment to provide quality service consistently.

p.7 Dedicated to exceeding your expectations.

At Bunkernet, our people participate in on-going rigorous industry specific development programs that are specifically designed to instil the Knowledge, Skills and Attitude that perpetually add value to our client’s operations.

“Beyond the academic and technical knowledge is the commitment of each team member to develop long lasting relationships with our clients to improve communication, allowing us to better understand your needs and to deliver innovative solutions that build value and trust.”

Gregoris Gregoriou - Managing Director

1.2 Our People Add Value

01 - About us Bunkernet takes the view that delivering Bunkers is more than just the commercial trade of a commodity. Technical knowledge is an integral part to supplying the right grade and also being able to offer world- class after sales service.

Within Bunkernet and our affiliated companies we nurture across the board technical knowledge and the capacity to support any technical query. The technical background of our traders and associates allows us access to the engineering teams of the major engine manufacturers around the world including Wartsila, MAN, Caterpillar and Hyundai. This network allows us to offer immediate advice over the phone or even to dispatch approved technical crews to attend to your vessel’s requirements.

1.3 Technical Capabilities Technical

p.9 Vision

To be internationally recognised as an exceptional provider of bunker and lubricant solutions in the Mediterranean, and Russia.

Mission

To work with ethos, care and transparency to exceed our customer’s expectations when providing our specialized bunker and lubricant solutions internationally.

Overall our mission is to innovatively deliver solutions throughout the entire bunkering cycle.

1.3 Mission Our Vision &

01 - About us Our offices in Limassol, Cyprus

p.11 From Enquiry to Delivery.

The international shipping industry is operating in an ever more globalised, connected and extremely quick trading environment.

This open environment offers the benefit of unprecedented access to information and options but it is also swamped with overwhelming noise;

Bunkernet strives to cancel out the noise by focusing on delivering through integrated supply channels, thus adding value to each request for oil and lubricants anytime, anywhere. Solutions. Delivered.

1.4 Supplier Nexus

01 - About us Our approach is simple; create the very best relationships with the very best suppliers. Our “Supplier Nexus” is an integrated relationship between Bunkernet and allied suppliers to exchange information and resources thus delivering the best possible bunkering experience to our customers.

Critical information such as price levels, barge & product availability, weather, congestion, port requirements and regulations all flow from our allied suppliers to Bunkernet and out to our customers. It is ingrained in the culture of Bunkernet that trouble-free logistics, competitive pricing and seamless service are delivered to our customers everytime from enquiry to delivery.

Care & Support

• Bunkernet can recommend and appoint first class Quantity Surveyors at most ports worldwide • Bunkernet works closely with Laboratories worldwide for both Bunker and Lube analysis • Quick and effective claim handling procedures to solve problems at the source • Constant updates from our after sales team on delivery progress; from enquiry to delivery • Experienced duty trader constantly available for after hours support

p.13

02

Products & Services

p.15 Bunkernet’s core business is the supply of residual and distillate fuels worldwide according to ISO 8217. In fact, we are able to physically supply or trade at more than 2800 ports worldwide through our vetted network of physical supply partnerships.

We commonly supply the following grades:

Distillate Marine Fuels (Marine Gas Oil)* DMA 0.1% Sulfur DMB 0.1% Sulfur (Higher Kinematic Viscosity)

Residual Marine Fuels* RME 180 RMG 180, 380, 500, 700 RMK 500,700

“Hybrid” Ultra Low Sulfur Fuel Oil* ULSFO - major ports world wide Technical support and product handling guidance

Aviation Fuel Jet A-1 JP-8 (F-34)

2.1

*ISO 8217 specification may not be available at certain ports. On request Bunkernet offers typical characteristics Bunkers Worldwide Bunkers

02 - Products & Services Bunkernet has an exceptional track record in spot and integrated delivery contract solutions in all shipping segments including:

Dry Bulk, Containers, Tankers, Offshore, Navy and Cruise vessels. Our contracted solutions are tailor made and take different elements into consideration.

Tailoring our services to your needs by: · Monitoring your fleet’s movements to recommend the best bunker sourcing strategy. · Communicating Updates, Industry trends, Price indications, Weather conditions and General logistical advise. · Minimising delivery risk in challenging delivery locations. · Locally supporting by using supplier and agent resources to streamline deliveries. · Specialised product sourcing as required by your operation.

p.17 Navy

Bunkernet is an approved supplier to the naval forces of the USA, Britain, Germany and for bunker fuels and specialized marine lubricants.

Bunkernet has gained extensive experience in supplying to naval vessels through the physical supply of bunkers to the UNIFIL (The United Nations Interim Force in ) headquartered at the port of Limassol.

Timing, efficiency and on spec products are all key ingredients to our successful supply record.

Full resource deployment, efficiency and product quality delivered in + 200 Navy Vessel Calls in 2015 on time, on spec, on budget.

2.1 Bunkers Worldwide Bunkers

02 - Products & Services p.19 The Cruise Liner Experts

The Mediterranean is a regional hotspot for the cruise industry. Bunkernet’s Limassol headquarters place us in a strategic location to offer our services to some of the biggest cruise line operators in the world.

Bunkernet is contracted with various cruise operators for the physical supply of bunkers at Cypriot and Greek ports. Several contracts are based on unique Fixed Price Agreements (FPAs), a value added service that allows the owner/charterer to lock future fuel prices for a season or a voyage eliminating the risk associated with fluctuating oil markets thus securing income.

2.1 Bunkers Worldwide Bunkers

02 - Products & Services p.21 Bunkernet will analyse your fleet’s trading patterns and present the most robust strategy to pool volume, buy strategically and secure future operating costs.

MTS PER MONTH +70.000

2.1 Bunkers Worldwide Bunkers

02 - Products & Services p.23 Southern Europe & Mediterranean Ports

Piraeus (Hellenic Ports) Istanbul – Ismir - Iskenderun - Aliaga - Mersin Limassol – Larnaca – Vassiliko

Egyptian Ports (North Africa) Beirut Malta Italian Ports Sete – Lavera – Fos – Nice Spanish Ports Gibraltar Straight

2.1 Bunkers Worldwide Bunkers p.25 Russian Ports and Black Sea Ports

Novorossiysk Tuapse Kavkaz Taman Batumi Poti Temryuk Rostov Azov Odessa Kerch Yuzhniy Varna Constanta

Astrakhan (Caspian Sea)

Baku (Caspian Sea)

2.1 Bunkers Worldwide Bunkers

02 - Products & Services Murmansk St. Petersburg Primorsk Ust-Luga

Kaliningrad Baltiysk

Vanino Kozmino Vladivostok Nakhodka Slavyanka Vostochnyy Posyet

p.27 World Wide Ports

W

Singapore Hong Kong Indonesian Ports Vietnamese Ports

Indian Ports

2.1 UAE Ports Saudi Ports

ARA

Brazilian Ports

Argentinian Ports (Bahia Blanca) South Africa

Caribbean Bunkers Worldwide Bunkers

02 - Products & Services N

E

S Blending and Supply in partnership with Total Lubmarine in Cyprus. Bunkernet is a specialist in spot, contracted and the physical supply of marine lubricants.

+70,000 MTS PER MONTH

2.2 Total Lubmarine - Exclusive Distributor Exclusive Lubmarine - Total

02 - Products & Services Our subsidiary Navilub is the official blending and distribution partner of Total Lubmarine marine lubricants in Cyprus.

At our dedicated blending plant in the Ayios Sylas industrial zone we blend and supply the main products of Lubmarine’s marine lubricants throughout Cyprus, including the industry leading Talusia Universal cylinder oil, Atlanta Marine system oil and the Aurelia TI and Disola ranges of trunk piston-engine oils for engines running on heavy fuel oil or marine distillates respectively.

p.31 Lubmarine Production

0.1

Base Oil Additives

We source base oils The production of main grades Additives sourced according to TOTAL’s is based on the strict from Lubmarine for specifications formulation of Lubmarine. the production of all Lubmarine Main Grades

2.2

The raw materials and packed products are stored at our commissioned blending plant. Total Lubmarine - Exclusive Distributor Exclusive Lubmarine - Total

02 - Products & Services Bulk Drums Distribution

0.2

Bulk deliveries can be Packed products may effected in port by road also be delivered both truck or at anchorage alongside as well as at anchorage in IBC containers

Cyprus

Products are available in all major Cyprus ports, including: Larnaca, Limassol and Vassiliko.

p.33 2.3 Comprehensive Bunkering Risk Management biggest operational cost, bunkers, under control. the single keep you to tools help Bunkernet offers risk management stagnant. while vessel income remains fragmented and predict resulting inroller coaster fuel prices by market volatility that isat times difficult to Our industry continues tobeadversely affected are turbulent times for shipping. These 02 - Products &Services To meet the challenges of today’s business environment and to allow our customers to comprehensively manage costs, our traders and associates are equipped to implement a range of cutting edge risk abatement tools to support your business.

Our traders are available to present real-world examples of our Platts-based purchasing contracts and Fixed-Price Agreements that were strategically implemented to streamline our customer’s bunker procurement.

Fixed-Price Agreements.

Turnkey worldwide bunker managment solutions.

Benchmarked (PLATTS) based pricing.

p.35 Fuel Additives: Our clean initiative

Running vessels efficiently is a daily challenge. Fuel quality plays a vital role in how efficiently vessels are performing thus affecting their ability to realise operational savings.

Modern fuel additives are designed to make an immediate and tangible difference in the way your vessel’s engines are performing.

2.3 Comprehensive Bunkering Comprehensive

02 - Products & Services Bunkernet recommends the use of Fuel Additives as they work on a molecular level to homogenise fuel, improve the energy potential during combustion, protect the critical moving parts in your engine and in most cases also reduce emissions.

Bunkernet’s “Clean Initiative”. Our revolutionary proposal to incorporate Fuel Additives to your vessel’s bunker tanks each time you refuel. A simple single-dose system to reap the benefits. Bunkernet offers an industry first proposition for the additive cost to be included in the Bunker Price. For more information please enquire with one of our traders.

p.37 03

Environment and Society Bunkernet proudly supports “Heri me Heri” a non-profit organization established in Limassol in October 2010 with one sole purpose; to offer support to children in need.

Heri me Heri aims at covering the basic needs of underage children, and families with children facing serious health problems who require medical treatment. Through their network of volunteers and funds raised from various events, member contribution, donations and sponsors, the organization makes an effort to stand against the severe problems children encounter.

3.1 Heri me Heri

p.39 Bunkernet are members of CYMEPA, an autonomous, not-for-profit, non-governmental organization (NGO) funded solely by its members

The principal aim of the Cyprus Marine Environment Protection Association (CYMEPA) is to encourage and actively assist effective efforts to prevent all forms of pollution of the sea.

3.2 Cyprus Marine Environment Protection Association

03 - Environment & Society The Association also helps seafarers and executives to be more aware of safety and the protection of the marine environment. CYMEPA also operates extensive public awareness campaigns.

Finally, CYMEPA supports and assists the Government of Cyprus in ratifying and implementing international conventions addressing the protection of the marine environment.

p.41 p.43 T : +357 25 828 915 F : +357 25 723 424

1-3 Spatharikou Street 4004 Mesa Yeitonia Limassol - Cyprus www.bunkernet.com.cy