BHN Group of Companies

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ISO 9001:2008 ISO 14001:2004 OHSAS 18001:2007 MLC 2006 COMPLIANT RPSL NO. 307 BHN Group Companies: BHN Offshore Services Pvt. Ltd. BHN Offshore Services SDN BHD, MALAYSIA Head Office: 104-B, Mittal Towers, B Wing, Nariman Point, Mumbai 400 021, India Tel: +91-22-4078 1700 ( 10 Lines ) Fax: +91-22-4078 1766 AOH: +91-9819891115 / +91-9820583507 / +91-9819891119 E-mail : info@bhnoffshore.com Web site : www.bhnoffshore.com PIC : Mr. Asif Alvi / Mr Aamir Hashim / Ms. Shaheen Syed Page 1

INDEX S.No. Particulars 1. ABOUT BHN Group OUR MISSION SAFETY AND QUALITY POLICY ORGANISATION CHART ACCREDITATIONS BOARD OF DIRECTORS 2. VESSEL UNDER OUR MANAGEMENT / PROJECTS COMPLETED 3. ACTIVITIES SHIP MANAGEMENT SHIP MANAGEMET SERVICES CREW MANAGEMENT TECHNICAL MANAGEMENT SHIP AGENCY / CREW AGENCY / BUNKERING CHARTERING VICTUALLING AND CATERING MARINE CONSULTANCY SHORE PLACEMENT CONSULTANCY MARITIME EDUCATIONAL CONSULTANCY DP SIMULATOR COURSE 4. A WORD BY CMD 5. OFFICE ADDRESSES Page 2

About BHN Group BHN Group was founded by Mr. Asif Syed a Business Masters, Mr. Aamir Hashim, a Business graduate. Its Head office is situated at 104-B, Mittal Towers, B Wing, Nariman Point, Mumbai 400 021, India. All companies Under BHN Group are ISO 9001-2008 and OHSAS 18001:2007, Certified by UKAS / BM TRADA. The Group has adopted a policy of maintaining total transparency with its clients. Our expertise in Ship Management / Technical Management / Vessels Chartering / Port Management / Trading in Bulk Commodities / Crew Management, has grown over the years resulting in high levels of customer satisfaction. Today we are capable of Chartering and Managing a wide range of vessels ranging from Tankers, Bulk Carriers, Containers, Self Un-loaders, Dynamic Positioning Vessels, FPSO s Off Shore, Survey Vessel, Dredgers, Maintenance and Work Boat. The company has two arms for managing, Main Fleet vessels and other for its Offshore Vessel s division. The Companies progress is attributed to a team of highly dedicated and trained professionals, consisting of Master Mariners, Chief Engineers and Management Staff. The team is responsible for planning, organizing, staffing, training and budgeting as also coordinating repairs and arranging for Inspections and Surveys of Vessels / Cargoes / Commodities. With this management practice in place we plan on sustaining growth and expansion. Page 3

Our company policy is based on: Total Transparency Standardized Procedure Commitment from the top Knowledge based approach to problems Planned Human Resources Development Commitment to Safety Standards Total enforcement on Quality High integrity in dealing with all Agencies. Page 4

OUR MISSION AND VISION Our mission is to provide a comprehensive range of professional ship management and chartering services to the international sea transportation industry and turnkey marine support to the offshore Oil and Gas exploration industry using the principles of quality, safety, environmental protection and profitability. Our vision is growth and continued profitability with innovation and imagination to be among the best providers of reliable quality, safe and environmentally friendly ship management services worldwide. From our Management team to our seamen onboard, BHN Group is a team of highly motivated people sharing the same passion for the sea like a family and the ships that we manage. We believe that it is not only a job, we are perfecting it, dedicating ourselves to our vessels and taking great pride in the condition of the vessels we manage. Thanks to the Precision with which we manage our fleet, we achieve the most cost efficient Ship management service worldwide. The company adopts a highly professional and cost conscious attitude in the management of our fleet. We maintain and operate cost control at all levels, from the sourcing of the spare parts to the placing of insurance cover and have learned over the years to deliver services tailored to the needs of our customers; our staff at sea and ashore is constantly being briefed to respond to our customer's demand and specifications. BHN Group views are to work with ship owners as partners. In order to develop a long-term partnership we have established transparency in our policy, we believe that it is due to the reliability and seamless communication established with our clients, that we keep ahead of their expectations, enabling an efficient and fruitful partnership Page 5

Safety and Quality Policy The company operates under the highest Industry Standards. It understands that safety is critical to the wellbeing and reputation of the shipping industry. To attain this, Increasingly Stringent Criteria are applied and quality control maintained by investing in modern equipment. To remain current the company has kept abreast with the latest changes sweeping the shipping industry. BHN Group is committed to providing the Shipping Industry with high quality services at very competitive prices. No compromise is made whatsoever as far as Quality of its officers and crew is concerned. BHN is one of the few Crew Manning, companies to be certified OHSAS 18001:2007. Page 6

Organisation Structure Brokering Team Agency Team Business Management Team Business Division Chartering Team Marine Edcational Consultancy Diving Services Chairman Board of Directors Bunkering Services Operation Management Team Operation Division Planning Team Ship Management Team Planning Team Accounting Team Management Division Financing Team Computer System Team Page 7

Accreditations & Certifications: has been certified by UKAS for compliance of ISO 9001-2008. The Company has been audited for Certification by Indian Register of Shipping on behalf of Indian Administration for Compliance with relevant application of Recruitment and Placement of Crew and Officers The Company has been audited for Certification by Indian Register of Shipping on behalf of Indian Administration for Compliance with relevant requirement of comply with MLC 2006, and Company has been issued with MLC 2006 Statement of Compliance. The Company is registered with Mumbai Port Trust a s : 1. Ship Chandlers 2. Ship Agent 3. Ship Management The Company has been audited for Certification by UKAS/BM TRADA, and Company has been issued with ISO 9001:2008 The Company has been audited for Certification by UKAS / BM Trada, and Company has been issued with OHSAS 18001:2007 The Company has been audited for Certification by UKAS / BM Trada, and Company s is in process of issued with Certification under 14001 Page 8

ORGANISATION CHART MANAGING DIRECTOR Mr. Syed Asif Alvi, B.Com. (Accounts), M.Com. (Management), Business & Finance. (UK) DIRECTOR FLEET PERSONNEL Mr. Sayed Aamir Hashim, B.com (Management) HEAD BUSINESS DEVELOPMENT, & FLEET DEPARTMENT Ms. Shaheen Syed, B.Com. (Management), Business & Marketing. (UK) MANAGER - FLEET PERSONNEL Ms. Sadaf Ansari, M.Com. (Management), Diploma in Ship Management ACCOUNTS MANAGER Ms. Manasvi Raut, B.com (Accounts & Finance) FLEET / OPERATIONS / TECHNICAL MANAGER Mr. Pratap Singh Sindhu, B.E. (Mechanical) Page 9

Mr. Syed Asif Alvi Managing Director Mr. Asif, is one of the co-founder of BHN Group. Prior joining BHN, Mr. Asif was heading Operations & Finance department of a MNC for a period of 25 years. He holds a Post Graduate Degree in Business (Operations & Finance) from United Kingdom. Recently he has completed Masters in Management from Mumbai University. Mr. Asif has brought with him vast knowledge and experience of the Shipping Industry and Business Management which has helped the company in growing smoothly and efficiently. Page 10

Mr. Aamir Hashim Director FLEET PERSONNEL Prior joining BHN Group, Mr. Aamir was heading the Fleet Personnel Department of a major Shipping Company for more than 15 years. All matters / decision related to Fleet Personnel such as Recruitment, Interview, and Appointment etc are exclusively taken care of by Mr. Aamir. Mr. Aamir has brought with him vast knowledge and experience of the Shipping Industry which has helped the company in growing smoothly and efficiently. He is responsible for : Develops organization strategies by identifying and researching Fleet Personnel issues; contributing information, analysis, and recommendations to organization strategic thinking and direction; establishing Fleet Personnel objectives in line with organizational objectives. Manages Personnel operations by recruiting, selecting, orienting, training, coaching, counseling, and disciplining staff; planning, monitoring, appraising, and reviewing staff job contributions; maintaining compensation; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change. Supports management by providing human resources advice, counsel, and decisions; analyzing information and applications. Guides management and employee actions by researching, developing, writing, and updating policies, procedures, methods, and guidelines; communicating and enforcing organization values. Page 11

Ms. Shaheen Asif Syed Head Business Development, & Fleet Department As a Head for - Business Development Ms. Shaheen works to improve organization s market position and achieve financial growth. She defines long-term organizational strategic goals, builds key customer relationships, identifies business opportunities, negotiates and closes business deals and maintains extensive knowledge of current market conditions. Shaheen works in a senior position within the company. It is under her supervision to bring the internal team, and other managers to work together to increase Business opportunities and thereby maximize revenue for the organization. To achieve this, she researches on potential new clients, present to them, ultimately convert them into our associates, and continue to grow business in the future. She also successfully manages existing clients and ensure their requirement are satisfied and positive. She call on clients, often being required to make presentations on solutions and services that meet or predict clients future needs. She holds a Post Graduate Degree in Business & Marketing, from United Kingdom and presently pursuing Post Graduate Diploma in Shipping from NMIS, Mumbai. Page 12

Experience of Vessel Management Sr.No. Vessels Flag Nos of Vessels Type of Vessels Details 1 Cyprus 9 Tankers/VLCC/LPG Crew Management on as and when required Basis 2 Malaysia 6 DPII/DSVs/ Work Boat Full Manning of 2 DPII Vessels, Full Manning and Catering Services of 1 DSV and Manning for work Barges. Contract Completed 3 Singapore 5 DP 1 DP2 AHTs / Accommodation Barge / Supply Vessels 4 Saudi Arabia 70 OSVs / PSVs / AHTs / DPI/ Work Boat 5 Kakinada 8 OSVs, Ocean Going Tugs (Manned for 3 years) Full Crew Management Contract Completed ( Manned for 2 Years ) Partial Crew Management Pilipino / Indonesian / Indian Crew Full Crew/Partial Technical Management 6 Singapore 3 AHTs / PSVs Full Crew Management Contract Completed ( Manned for 3 years) 7 Singapore 1 PSVs / DPI Partial Crew Management 8 United Kingdom 3 PSVs/DPI Partial Crew Management 9 Indian 3 VLCCs/LPG Full Crew Management Contract Completed ( Manned for 2 years) 10 Singapore 1 AHT/DP2 Full Crew Management 11 Singapore 2 AHTs Partial Crew Management 12 Indian 2 Bulk Carrier / Tug Partial Crew Management 13 Indian 1 AHT / DP1 Full Crew Management Contract Completed Page 13

14 Indian 2 AHT Full Crew Management 15 UAE 5 Tugs / OSVs/ Partial Crew AHTs/DP Management 16 Indian 30 Tugs / OSVs/ Partial Crew AHTs/DP Management of 17 Indian 2 Drilling Barge / Jackup Rig In addition to above : Officers Partial Crew Management We have been awarded manning Contract of Shipping Corporation of India for their Main Fleet and Offshore Vessels. We have been awarded manning Contract of Dredger Corporation of India for their Dredgers. We are managing more than 12 AHTs/Offshore vessel at Mumbai Offshore. We are managing more than 5 AHTs/ PSVs/ DPI Vessels in Kakinada. One of our managed vessel is working with NPCC, ABU DHABI, under charter of ADMA / ZADCO. We have been awarded Crew Manning Contract of NMDC, for the vessel owned / operate managed by NMDC. We provide Crew Manning Services to Zamil Offshore, Saudi Arabia. All of their vessels are under ARAMCO Charter. We also provide Crew Manning services to SVITZER UAE, SVITZER QATAR, SVITZER OMAN Page 14

SHIPMANAGEMENT BHN Group has grown steadily in stature and competency. Today the BHN Group is recognized as one of the leaders in ship management innovation, technology and expertise. With a complement of experienced we provide a full range of comprehensive ship management services to international clients all over the world. Now encompasses a network of corporate vehicles engaged in ship management, chartering, operation, repairs & dry docking and upgrading, technical maintenance and safety at sea of a growing fleet of various vessels. Other peripheral activities such as insurance, P&I and claims handling, agency services, quality bunker supplying, lubricants and provisions to the fleet, the computerized freight management and accounting services are covered inhouse by skilled and trained personnel. BHN Group manages a diverse fleet of vessels including Offshore Vessels, bulk carriers of all sizes and type, Tankers / LPG, General Cargo vessels and experience in operations. We are also representative office of ship-owners and some of traders which following all trade possibilities for marine and international trade facilities. In a very short time since the setting-up of our organization, we have developed direct business relations with first class charterers, major grain companies, mineral and coal traders and have established a satisfactory cooperation with well-established brokers in leading maritime centers. We are providing quality assured ship management services to international clients, with due regard to cost efficiency, professionalism, safety and environmental pollution prevention. The mission of our ship management services is to keep our principals' ships running in excellent and efficient condition at competitive costs. We have been highly successful in achieving its stated objectives, closely monitoring marketing reports our team is able to prepare analyses for management tonnages and projects for the future market trends thus helping management to set the course of our strategy in the short, medium and long term. Believe that dedication and hard work with professionalism by teamwork is the main key of a golden success in management Page 15

SHIPMANAGEMENT SERVICES BHN's primary activity is Commercial Ship management Services. We manage vessels of all categories for various ship owners throughout the world but mainly bulk carriers and general cargo types What we do: COMMERCIAL MANAGEMENT OPERATIONAL MANAGEMENT TECHNICAL CONSULTANCY MARINE SURVEYS AND INSPECTIONS SERVICES MARINE CONSULTANCY SERVICES PURCHASING BUDGET/COST CONTROL ACCOUNTING AND FINANCE LEGAL SUPPORT DRYDOCK SUPERVISION INFORMATION TECHNOLOGY Combine's commercial management service offers a full range of services from the initial fixture, voyage calculation and post-fixture operation, through to freight and charter hire collection, accounts control, appointment of agents, bunkering, Monitoring and servicing the vessel during the sea and port time,provision of running budgets for the vessels and full running cost accounts including budget comparisons with comments, balance sheet and profit and loss statement. Accounts are provided at regular and so many others. An excellent intelligence network has been established around the world providing our principals with a competitive edge. Post-fixture work includes vessel operation, voyage calculation, the calculation and collection of hire and freight, computations of demurrage/dispatch, correspondence with charterers, appointment of agents, handling of cargo claims, performance analysis, preparing annual and monthly budget plans. The Operations Department is responsible for expediting and servicing the vessel from the very beginning of her fixture, through to the final completion of the voyage in conformity with the preparation of charter parties. In order to fulfill these duties the Operation's team cooperates with the other departments in the company and while also maintaining constant contact with charterers and vessels Coordination with third parties including terminal and inspectors Communication with Charterers Inter-company services to his ship Preparing voyage instruction forms Cargo stowage and load conditions Page 16

CREW MANAGEMENT For any Institution to be successful, it should have dedicated and highly motivated employees. To this end all our employees regularly undergo extensive training to upgrade them to the latest trends in shipping industry. Every employee undergoes extensive screening before being hired. Employee documentation checks are carried out. References from previous employers verified. Candidates thoroughly interviewed by head of Operations Department and Crew Manager An in house training program for new recruits taking into account requirements as per STCW convention 1995, as per status of India, U.K, Hong Kong, Panama and Liberia or any other flag that may choose to operate. We take care of complete crew documentation including making Passports and CDC and all formalities for Visa application. We arrange crew travel including arranging for Sign on/ off and repatriation. Page 17

TECHNICAL MANAGEMENT It is BHN s technical arm, responsible for the smooth functioning of vessels under BHNSC. Its responsibilities Include Undertaking repairs of vessels - In Dry dock and while sailing- done by a Sailing squad of dedicated and highly trained personal. Prepare and oversea Dry-dock Operations. Arrange for delivery of Spare Parts any where in the world Organize and attend class surveys Supply Cleaning Gang for cleaning of Tanks and manual chipping. Supply of highly skilled fitters and welders. Undertake any type of major and minor repair work. Technical management of ships. Page 18

SHIP AGENCY / CREW AGENCY / BUNKERING Like other services of BHN Group, the shipping agency department has been quality certified and registered as port agents in Mumbai. BHN Group provides ship husbanding for all types of vessels. Experienced and efficient boarding officers are available 24 hours a day, 7 days a week, to service a vessel's every need. An added benefit is the prompt availability of in-house technical and legal expertise, ready to supplement port agency staff in response to any pressing need. Our strength and services include: We provide total offshore / onshore logistics and Marine Services to the Oil & Gas Industries in India. Key supporting offices at Mumbai and Delhi for obtaining permissions and clearances from various Ministries. Preparation of documents for obtaining permission / clearance from various authorities. Completing importation and Exportation formalities of Rigs, Survey vessel, Supply vessel, Cable Laying ship, Anchor Handling Tugs, Barges, other offshore operation related crafts, shipments with Customs. Meet & Greet Receiving crew at Airport, Arranging Hotel Accommodation, and Ticketing etc. Sign on / Sign off - Crew movements. Vessel Inward /Outward, Conversion, Re-Conversion. Onshore yard located just near Mumbai port, for Cargo clearance, cargo receiving, storing, loading, reloading, packing and connecting with supply vessel as per the requirement of client). Own Equipment (Crane, Fork Lift, Pick up cab Etc). Import / Re export of cargo, cargo supervision, a complete logistics solution. Attendance of embarking / disembarking of foreign crew members and Visa extension. Page 19

Husbandry services to Ship Owners/Fleet Owners/OSV/DSV Operators. Bunkering, De-slopping, Cargo operations ( loading and discharging ) Ship to ship transfer operations, Off-port limits services Temporary lay-up services, Owners protective agency Repair and technical agency, Ship underwater inspection and cleaning services Ships spares handling, storage and delivery Fresh and dry provisions, Deck and engine stores Cabin, saloon and pantry stores, Bounded stores, British Admiralty Charts, Navigation & Publication Books Nautical Almanac, Chemicals, Life Rafts & Safety Equipments Lubricants &Marine Oils, Potable Water Attending to marine survey Ship's repairs, fumigation, cleaning & washing of cargo holds and supply of bunkers, fresh water, provisions, store etc Arranging for maritime salvage and attending to marine casualties Arranging for passports, visa, medical treatment, replacement, repatriation and sightseeing for crew members Purchasing and/or forwarding ship's spare parts, stores, maritime charts; Signing Dispatch & Demurrage Agreements Provide status of cargo which vessel need to load or discharge in ports of Turkey. Such as cargo's stack, position, conditions etc Destination port's basic conditions, including ability of load and discharge and equipment condition and other you want to realize Weather forecast. We will inform you weather condition every day ahead of ETA. Page 20

CHARTERING Our Chartering Division represents owners and charterers around the globe. Our goal is to maximize vessel utilization. The Chartering staff is experienced in various types of vessels. We cover the various modes of vessel employment from bareboat and time charters to spot or period employment. Our focus is on complete coverage of all options available with minimal response time. Our practical approach has a dedicated advocacy for owners and charterers alike. Above all, our imagination and initiative makes us stand out. We offer: Multilingual chartering staff Long term employment for vessels through chartering Contracts Full service Voyage estimations and voyage calculations Detailed reports comparing voyage estimations with actual performance Ability to always fix at levels that will result in maximum Profits for the client BHN also takes charge of a charterer's other requirements, from securing the proper vessel to completion of the voyage. This is accomplished by: staying in touch with the market negotiating contract details to ensure the chartered vessel is capable of Handling the work in a damage free manner staying closely involved, assisting in any disputes, assisting in laytime Calculations We have also analyzed new building and conversion scenarios for various trades, especially for companies entering or expanding in offshore business. Page 21

VICTUALLING AND CATERING BHN Group is provider of high-quality catering services on the offshore segment. We are registered with Mumbai Port Control. Addressing the daily and long term demands of the Shipping Industry, including Catering - Housekeeping Laundry-Janitorial Services- Medical Services - Provision of Crockery - Cutlery - Pots & Pans - Utensils and Linen - Recreation - Video Tapes - Magazines - Newspapers - Periodicals-Pest control. Through constant innovation and a willingness to go that extra mile, BHN offers critical advantages to your operations in terms of ; Specialized & trained manpower with Off-Shore background. Quality of service, safety and hygiene that adheres to international Standards. Ability to provide customized solutions for servicing varied nationalities Efficient co-ordination and monitoring on daily basis Page 22

MARINE CONSULTANCY We undertake complete Management of ships. The company specializes in the Oil Tanker, Bulk Carriers and Off Shore trade. The Management and Technical staff have a vast experience in dealing with Oil Tankers and Bulk Carriers and Transportation of Oil and Chemical in Bulk, and Dry Cargoes. In 2001 BHN Group diversified in Bulk and Container trade. This was made possible by Capt. Sanjeev Soni, who joined the company and brought with him the expertise required for the above trades. He is a very well known figure in shipping circles and has a vast knowledge of dry bulk cargo trade. The Company has acted as consultants to its Clients for Chartering and Buying of ships. Page 23

ON SHORE PLACEMENT CONSULTANCY People, power your organization! Fill every position with the right candidate and maintain your competitive edge. We know how to help you build a winning team. We provide temporary, part-time, and permanent and contract staffing as well as talents, exhibitions, conventions and promotions personnel. All applicants are thoroughly screened, tested, references checked and training implemented to match your requirements. As a testimony to our service and expertise, many of our clients have been with us for longtime and a good majority of our business comes from referrals. We at BHNOSPL, introduce ourselves as professional head-hunters, international recruitment firm, overseas recruitment agencies and hr consultants India. We have a track record of recruiting of management professionals, technical and non-technical personnel, skilled, semi-skilled and un-skilled workers for corporate giants. BHNOSPL would be your One-Stop-Shop for all overseas manpower requirements. Our main goal is to furnish our clients with manpower talent as and when they need it. BHNOSPL has always believed the philosophy of quality, and our motto is to make the Customers delightful with "Total Satisfaction" through personal, quality and professional service. As a professionally managed Company, we focus on the growing needs of companies abroad. We provide highly customized and personalized Human resources Consultancy to our clients and candidates as well as try to build a courteous as well as professional relationship with all of them. Page 24

MARINE Educational Consultancy At Present BHNOSPL is Assisting Indian Deck Cadets / Junior Engineers to Complete Their Educational training in Singapore / Thailand and Dubai. In Singapore BHNOSPL has tied up with STET, one of the Marine Institute of Singapore to select student for Deck Cadets / Graduate Marine Engineers on STET behalf. In Thailand BHNOSPL has tied up with Barter Institute, one of the reputed Marine Institute of Thailand to select student for Deck Cadets on their behalf. In Dubai BHNOSPL has been tied up with Zambezi College, one of the Shipping Company s having its own training institute, to select students for Deck Cadets on their behalf. BHNOSPL have exclusive department for Cadet Selection which is closely supervise By Mr. Asif Alvi and Mr. Aamir Hashim. Page 25

DP Simulator Course BHNOSPL pleased to announced opening of state of the art DP training Centre in joint venture with one of the well known and reputed Marine Training institute at Mumbai. Presently we have installed Kongsberg KPOS DP Simulator. Training objectives Operator errors during DP operations may lead to expensive downtime, or even worse; accidents or incidents resulting in damage, pollution, personnel injuries or fatalities. This implies the need for a comprehensive training programme for key DP personnel along with accurate and realistic trainer systems. The Kongsberg DP - Basic Trainer is used throughout the basic and general training of DP operators. Equipment and Configuration The training is performed at Desktop Operator Stations which comprise an operator panel connected to a standard Personal Computer. A typical configuration can be a number of Desktop Operator Stations arranged in a classroom setting with an instructor station. By means of a video switch and a projector, the instructor can show both his own and the student DP display on a video projector for assessment. All Stations normally simulate he same vessel and DP system configuration, but operate independently of each other. For maintenance purpose, all Personal Computers will be connected via a Local Area Network. Instructor stations To setup and control a DP scenario on the Basic Trainer, the instructor has a user-friendly operator station. From his position he can control the various DP vessels, prepare the vessel conditions, sensor and power settings and introduce different type of environment conditions like; wind, waves, current to make the exercise as realistic as possible. To train critical operations the instructor can introduce different levels of faults on ship systems, power systems and thrusters as well as sensor system with noise and abnormal conditions. Page 26

DP Vessels Vessels with corresponding DP configurations are available, each with its specific characteristics and DP system functions and interfaces: characteristics and DP system functions and interfaces: Supply vessel Shuttle tanker Drillship Semi submersible drilling unit Optional customer specific ships: dredging DP features - Basic Trainer The Kongsberg DP Basic Trainer is developed to fulfil all training objectives needed for the DP operator simulation, featuring: General-purpose user interaction with DP screen and button panel according to the DP Operator Manual, and configuration of the actual vessel and DP system Adjustment of simulated wind and current. Simulated vessel behavior Simulated position-reference systems and sensors Simulated thruster performance Manual joystick operation Automatic Station-keeping including position change, heading change, autopilot and auto Track Page 27

BHN Group, provides professional services for the management of ships and maritime assets. The Group has activity for all aspects of ship management including technical management, purchasing, maintenance, insurance, inspections, compliance with Flag, Class and other mandatory requirements, post fixture operations,,chartering, Ship management is guided by a belief that the one-on-one relationship with clients or partners is of prime importance and the quality of the company's service is our strongest asset. Our dedication to quality is equaled and complimented by our excellent safety management system and procedures, with the company ethos being centered on service, safety and synergy. Management staff has extensive experience in all facets of the Chartering, ship management, new build and conversion project development and management, general marine engineering, crewing and operations management, as well as hands on sea going experience in senior ranks. Our sea staff are directly selected by the company and retained through our dedicated crew management subsidiary, which focuses on consistency, training and reliability. Shipping business has always been a well placed in the Turkish economy, using the advantageous geographical location and efficient With this strength behind us, BHN Group will continue to take the lead as a well-known ship management and chartering company. Forever striving to be the world's most trusted carrier, BHN Group will stand firm against the challenges of our shipping industry and continue to provide the best service to our customers have come to expect. We always play an integral role between ship-owners and charterers for finding the best solutions on fixings of contracts. Trust is the most important in the international shipping, we are aware of this. Professional service precisely matched to the needs of our clients along the entire transport chain. Shipping has changed during the last decade, therefore we work more for the future then the present prosperity and structure of our company has been specially created to provide quality services with the highest grade of professionalism. We pride ourselves on our history and the excellent reputation having been gained. In closing we would like to assure that BHN Group will always continue to keep its brand name and it's committed efforts to provide better service than ever before to our esteemed clients. We hope to co-operate with your good company. With My Best Regards President Page 28

Corporate Head Office (India): 104-B, Mittal Towers, B Wing, Nariman Point, Mumbai 400 021, India Tel: +91-22-4078 1700 ( 10 Lines ) Fax: +91-22-4078 1766 E-mail : info@bhnoffshore.com Web site : www.bhnoffshore.com PIC : Mr. Asif Alvi / Mr. Aamir Hashim / Ms. Shaheen Syed Malaysia Office: BHN Offshore Services SDN BHD Unit No. B1-12-3A Soha Suites @ KLCC No.20 Jalan Perak, 50450 Kuala Lumpur Malaysia Tel. : +60321815117 E-mail : kl@bhnoffshore.com Page 29