Marine Physical Supply World Fuel Services’ World Fuel Services HSSE and Quality Marine Physical Supply Management Policy

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Beyond fuel. Marine Physical Supply World Fuel Services’ World Fuel Services HSSE and Quality Marine Physical Supply Management Policy

Our mission is to create value for our business We adhere to the best industry practices, in terms of results partners in energy and transportation by delivering and effectiveness, to ensure the safety and health of our innovative solutions and logistics through a global employees, contractors, suppliers, community and customers, team of local professionals. and protect the environment wherever we conduct business. The marine physical segment offers innovative supply solutions whenever and wherever you need them. With 17 locations worldwide and growing, we supply World Fuel Services’ target At World Fuel Services more than 10,000 vessels annually – always with our is zero harm and no we are committed to: commitment to safety, integrity, efficiency, and reliability. accidents with: • Do no harm to people, • A systematic approach to HSSE the environment, or equipment and Quality Management • Publicly report on • Full compliance with the law our performance • Targets to achieve continuous • Play a leading role in promoting performance improvement industry best practices • Performance measurement, • Pursue “best in class” appraisals and reports performance across our business • Standards for contractors to manage HSSE in line • Manage HSSE as a critical with our policy business activity • Standards for joint ventures • Promote a culture in which under our operational control all WFS employees share to apply our policy and use it to this commitment influence other ventures United Kingdom Liverpool, Falmouth, Lerwick, Holyhead and Larne

54,000+* Transactions

Norway * Bergen, Stavanger, Kristiansand, Oslo, 31.4 Million Metric Tons Trondheim, Mo I rana, Tromso & Slagen

Gibraltar Malta 1,200 Texas, USA Florida, USA Global Sea Ports Nederland Port Canaveral

24/7 Operational Support

Brazil Offshore at the Rio de Janeiro area Argentina Zona Comun = World Fuel Services 25+ Physical Location Marine Offices Globally 1. Subject to inquiry and availability 2. Subject to vessels receiving rate(pumping rate)

There are many moving parts to get right Make the right choices by partnering with a At World Fuel Services, we offer much more Beyond Fuel • A secure fuel and lubricants supply must be financially secure counterparty with years of than fuel. With marine services backed by solid available wherever and whenever you need it marine fuel and lubricants expertise. technical expertise for complete operational It takes a strategic approach to purchasing Marine fuel capability at a glance: support, our innovative solutions go beyond fuel marine fuel and lubricants to keep fleets moving • Regulations have to be met – including the to bring you: new global sulphur cap on marine fuels • 54,000+ Transactions on time and on budget. Get it wrong and your • 24/7 Operational support marine operations could be at risk. coming in 2020 and the new Mass Flow • 1,200 Global sea ports Meter regulations recently implemented • Price risk management • 2,000+ Marine customers in Singapore • Claim management • 31.4 Million metric tonnes • Fluctuating oil prices create opportunities • Technical support as well as problems, make sure you are • 24/7 Operational support prepared to take advantage • Credit & financial solutions • It’s essential to reduce exposure to financial, • Worldwide network technical, environmental and legal risks Overcoming Fuel management marine challenges World Fuel Services is one of the world’s leading global suppliers It takes a strategic approach to purchasing of marine fuel. Our signature marine fuel and lubricants to keep fleets focus is on product quality, team moving on time and on budget. Get it responsiveness and surety wrong and your marine operations could of supply. be at risk. Marine fuel capability at a glance: There are many moving parts to get right • 54,000+ Transactions • A secure fuel and lubricants supply • 1,200 Global sea ports must be available wherever and whenever you need it • 2,000+ Marine customers • Regulations have to be met – including • 8.6 Billion gallons sold in 2015 the new global sulphur cap on marine • 24/7 Operational support fuels coming in 2020 and the new Mass Flow Meter regulations recently implemented in Singapore At World Fuel Services, we offer much more than fuel. With marine • Fluctuating oil prices create services backed by solid technical opportunities as well as problems, expertise for complete operational make sure you are prepared to take support, our innovative solutions advantage go beyond fuel to bring you: • It’s essential to reduce exposure to • 24/7 Operational Support financial, technical, environmental and legal risks • Price Risk Management Make the right choices by partnering • Claim Management with a financially secure counterparty • Technical Support with years of marine fuel and • Credit & Financial Solutions lubricants expertise. • Worldwide Network World Fuel Services delivers comprehensive fuelling solutions around the globe to: With World Fuel Services managing the market’s complexities, we have • Bulk Carriers • Tanker fleets better control of our fuel • Cargo fleets • Reefer spend and operational budget. • Cruise lines operations • Military fleets VP, Global Operations • Car carriers Marine Liner company • • Container fleets Super yachts • • Off-shore Government industry vessels

* Figures as of December 31, 2015 River Plate, Rio De Janeiro, Argentina Brazil

Bunkering in River Plate, Argentina, In Rio de Janeiro, MGO can be isn’t always straightforward, delivered to the Guanabara Bay area which is why most operators use by barge. Trucks are loaded at Caxias the Zona Comun location for their terminal, hauled to barge loading bunkering. However, working with points, and transferred onboard the a strong, reliable supplier who barge. It is all coordinated via our provides quality service, credit risk experienced supply and operations management and pricing solutions, team to ensure a high you can easily supply bunkers for quality experience. vessels in the various locations of the River Plate, essentially Did you know: Zona Comun. Rio de Janeiro is named for a river that doesn’t exist. According to Did you know: tradition, the region was visited Argentina has been one of the in January 1502 by Portuguese world’s leading producers of explorers who believed the bay they wine since the sixteenth century. encountered was actually the mouth It is currently the world’s fifth- of a river. They named the area Rio leading producer of wine with de Janeiro or “River of January.” approximately 1,800 wineries today. Argentina Zona Comun Brazil Current Assets: Current Assets: Offshore at the Rio de Janeiro area • MT APOLO capacity: • MT Gustavo U 3,200mtons MGO • IFO Capacity 2500mtons • MARFORT capacity: • MGO capacity 400mtons 740mtons MGO • Maximum pumpin rate: • Maximum pumping rate: 250mtons/hr 150mtons / hr • Sole macro distributor for • Fleet: 8 trucks with Shell lubricants, with three 40mtons capacity key located storage facilities • Caxias terminal MGO storage at Rosario, Buenos Aire and capacity: 1,600mtons Comodoro Rivadavia. • Agreement with prominent survey company for quantity and quality control Port Canaveral, Nederland, Florida, USA Texas, USA

A strong bunker supply WFS is the exclusive supplier infrastructure established in Port of marine fuel at the Nederland Canaveral, via exclusive agreement terminal and supplies RMG 380 and with onsite storage facilities, and MGO 0.1% Sulfur via ex-pipe WFS deliver quality fuel products at Docks 1 / 2 / 3 and 4. If a vessel and services via pipeline, truck and is calling at Dock 5 and requires barge to Cruise Terminal 1, Tanker bunkers, with advance notice, we Berth 1, South Cargo Pier 3 & 4 can shift the dock to one that can supply ex-pipe. Did you know: Florida, USA Port Canaveral The idea of developing a port at The large marine terminal is this location was first conceived strategically located on the in the 1880s, but dredging didn’t Sabine-Neches waterway between commence until 1951 and the first Beaumont and Port Arthur, Texas. port manager was announced in 1954. The following year commercial Did you know: shipping began, but it wasn’t until Nederland was founded in 1897 by 1964 that cruise traffic appeared at Dutch settlers. The word Nederland the port. Texas, USA literally translates to Lowland and is Nederland the Dutch name for the Netherlands. Current Assets: Current Assets: • IFO ex-pipe delivery and MGO truck delivery • Storage capacity: • Storage capacity: 22,000mtons 3.6 million mtons crude oil, • Ex-pipe maximum pumping rate: 140,000mtons NGLs 350mtons / hr • IFO maximum pumping rate: • Barge delivery available through 350mtons / hr trusted third-party • MGO maximum pumping rate: 155mtons / hr • IFO capacity: 19,000mtons • MGO capacity: 4,000mtons Liverpool, Falmouth, Lerwick, United Kingdom, United Kingdom Lerwick United Kingdom United Kingdom

WFS have a unique and unrivalled Falmouth forms the third deepest At the crossroads of the North Sea supply position in Liverpool, with a natural harbor in the world and and the Atlantic, Lerwick is the most purpose built 30kt bulk liquid terminal the deepest harbor in Western northerly commercial harbour in and the UK’s most modern bunker Europe. Ship operators often use the UK. With two entrances, the barge, the “Mersey Endurance”. Falmouth as a geographic bunker sheltered, deep-water port is open Two further coastal tankers regularly location due to its advantageous to shipping in all weathers and supply ports from the Bristol Channel position at the start of the European operates around the clock, handling to Belfast, and these, together with ECA zone. Ships can bunker over 5,000 vessels annually. Lerwick three further terminals and access ECA-compliant fuel at anchor before offers safe, reliable bunkering and to over 400 road tankers, enable entering the NW Europe ECA or the modern, versatile facilities for a deliveries to all ports in the UK and US / Canada ECA. wide variety of users including Ireland with the highest quality fishing fleets, offshore industry marine fuels and lubricants. Did you know: vessels, and cruise liners. There are seven berths, with up to nine Falmouth is one of seven original metres’ water depth. Did you know: Post Office Packet Service stations United Kingdom, As a major international port and was used to carry mail to and Liverpool Liverpool was heavily bombed from British embassies, colonies, Did you know: during World War II, causing and outposts around the world. The name Lerwick means bay of significant damage to much of The location was especially clay. The corresponding Norwegian the city. Unlike many surrounding favorable to get past enemy naval name is Leirvik – leir meaning buildings, 30 James Street – ships during times of war in the clay and vik meaning bay or inlet. headquarters of the RMS Titanic’s 18th and 19th centuries. Evidence of human settlement in the operator Cunard-White Star Line – Lerwick area dates back 3,000 years, remained standing after the attack. centered on the Broch of Clickimin, United Kingdom, Current Assets: which was constructed in the first Falmouth century BC. Current Assets: • Whit Navigator barge delivery : 1800DWT Current Assets: • Mersey Endurance capacity: • Barge capacity: 1,050mtons 940mtons HSFO, 620mtons HSFO / 500mtons MGO, MGO; maximum pumping rate: maximum pumping rate: • 9000mt storage capacity 400mtons / hrs HSFO, 150mtons / 290mtons / hr Lerwick/Scalloway hrs MGO • Storage capacity: 30,000mtons • 20 delivery points • Keewhit capacity: 1530mtons in total. • 2.5km pipeline HSFO, 315mtons MGO; maximum pumping rate: 350mtons/hrs HSFO, • On-site testing laboratory 155mtons / hrs MGO • Mersey Spirit capacity: 1590mtons HSFO / 430mtons MGO; maximum pumping rate: 275mtons / hrs HSFO, 175mtons / hrs MGO Gibraltar Malta

At the prestigious Western Arm At Malta, bunker-only calls are Terminal, Gib Oil, a WFS brand, frequent but the weather can be offers high quality fuels and difficult. With a strong physical lubricants to yachts and merchant setup and close collaboration with vessels. MGO is delivered via barge operators and suppliers, we ex-pipe or if you combine your have the established partnership IFO requirement we can deliver with MOBC physical inventory via a fleet of barges. to offer competitive solutions for any vessel in need of high quality Did you know: marine fuels and lubricants. The Rock of Gibraltar has been a natural defense to protect Gibraltar Did you know: and has stopped countless Gibraltar Maltese fishing boats are painted in attempted invasions. If not for the bright colors with a pair of eyes on rock, Gibraltar would not be what it each side – a tradition which goes is today. back to ancient Phoenician times. These are the eyes of Osiris which are said to protect the fishing boats Current Assets: Malta from evil spirits.

• Storage capacity: 18 tanks, 3,200mtons MGO / AGO Current Assets: • Additional 13,350mtons storage facility for MGO only • Storage capacity: 9 tanks, 45,000mtons • Barge capacity spread: 3,500-6,000mtons HSFO / • Storage by product: 36,900mtons 1,000-3,000mtons MGO HFSO, 3,900mtons MGO, 2,300mtons AGO, 1,600mtons • All barges deliver both AGO-PIPE, 42mtons biodiesel HSFO and MGO • Maximum pumping rate: • Ex-pipe minimum pipe fill: 350mtons / hr 5mtons, maximum pumping rate: 80mtons / hr Bergen Norway • Barge (minimum quantity: 100mtons) • Ex-pipe pipe fill minimum: 10mtons, WFS have a strong partnership maximum pumping rate: 135mtons / hr Norway, Tromso together with Uno-X and Esso- • Truck delivery Norway, giving access to strategic storage facilities across Norway and are responsible for all logistics including ex-pipe, truck, and barge Stavanger delivery. Offering fast turnaround • Barge ex-pipe (Dreyersholmen): maximum and competitive rates, WFS can pumping rate: 90mtons, maximum draft: deliver from Kristiansand in the 9 meters South to Tromsø in the North. Norway, Mo I rana • Truck delivery

Did you know: By the end of 1969, it was clear Kristiansand that there were large oil and gas • Ex-pipe pipe fill maximum pumping rate: reserves in the North Sea. The 32mtons / hr, maximum draft: 8 meters first oil field was Ekofisk, which produced 427,442 barrels of crude • Truck delivery in 1980. Subsequently, large natural gas reserves have also been discovered and it was specifically Oslo this huge amount of oil found in the North Sea that made Norway’s • Truck delivery Norway, separate path outside the Trondheim EU possible. Trondheim • Ex-pipe maximum pumping rate: Current Assets: 100mtons / hr Norway, Norway, • Truck delivery • Barge, truck and ex-pipe in Bergen Oslo multiple locations of Norway Norway, • Total tank capacity: 28,000mtons Porsgrunn Mo I Rana Norway, • Maximum pumping rate up to • Truck delivery 355mtons per hour* depending on Stavanger vessel receiving rate. • Truck delivery: 35mtons / truck, Norway, Kristiansand Tromso maximum pumping rate: 42mtons / hr • Ex-pipe pipe fill maximum pumping rate: 120mtons / hr, maximum draft: 11.5 meters, maximum length: 160 meters • Truck delivery

Porsgrunn • Truck delivery World Fuel Services We deliver trusted supply, global logistics, and innovative technology solutions that create value for our customers and business partners.

RELIABLE FUEL GLOBAL NETWORK, TRUSTED MITIGATED RISK AND INDUSTRY LEADING TECHNOLOGY & LUBRICANT SUPPLY LOCAL PROFESSIONALS OPERATIONAL SUPPORT STABILIZED CASH FLOWS CONSULTING SERVICES SOLUTIONS WITH YOUR BUSINESS IN MIND

• High-quality marine fuel, • Single-source provider for • 24/7 operational support • Customized price-risk • Best-in-class quality control • BunkerLine offers both contract and spot supply convenient, extensive supply from our well-trained, management solutions and claims management automated, real-time beyond what any single local professionals to help you manage support from our in-house bunker procurement • OEM approved lubricants supplier can offer price volatility marine fuel technical team with a full audit trail and from major manufacturers • All suppliers vetted reporting. No hardware, backed by outstanding • Team of local professionals for fuel quality, legal • Highly effective, customized • Specialized knowledge software, or maintenance technical support for local expertise around compliance, and physical and financial and expertise in marine costs, complimentary the world sanction checks fuel price risk management fuel and lubricant quality, to WFS customers programs to meet your environmental regulations, • Support with regulations budgetary requirements fuel testing and shipboard and 2020 fuel planning engineering

*2015 company statistics World Fuel Services [email protected] www.wfscorp.com

World Fuel Services Corporation, 9800 N.W. 41 Street, Miami, FL 33178, United States