After a long-awaited anticipation, we are pleased to offer you the following information to supply LB

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Hester Shields
5 years ago
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1 ATTN. Lionel Ferreira Caspian Sea: Liftboat Support Subject: Estimates After a long-awaited anticipation, we are pleased to offer you the following information to supply LB Petite for your project. In response to the width and height requirement we have included an estimated cost to remove both legs and a portion of the sponsons on both sides of the vessel which is listed as item 1. These removals will reduce both vessel width and overall height for passage through the canal. The cost to move the vessel from the offloading site to Baku ship yard is detailed in the transport charge. The re-installment cost at the Baku shipyard and associated downtime for the vessel we have assumed for your account and is not included. At least a portion of our crew would be with the vessel from offloading and thru the reinstallation of sponsons and legs. At that point when the vessel was ready to work the vessel price would go to the full rental rate as defined in the appendix A short form. To Recap: 1) Shipyard work preparation and engineering (est. 30 days) (cost est. $176,000 USD). 2) Transportation enroute (est. 45 days) (cost est. $984,500 USD). 3) Transport to Baku shipyard from offload site (est. 30 days) (cost est. $660,000 EU). 4) Shipyard work reinstallation at Baku (est. 45 days) (cost unknown) Supervising crew by owner rates. * 5) Working rate for liftboat and crew. * 6) Shipyard stand-by rate for liftboat preparation and voyage. * Please be advised that no allowance has been included for spare parts and/or associated materials. *Defined in Appendix A

2 December 7, 2018 Whitesea Shipping & Supply LLC FZC Plot No. HC 01 A & B, Hamriyah Free Zone, Sharjah United Arab Emirates, P.O.BOX 2705 Attn: Mr. Lionel Ferreira Phone: CHRTG.MGR@whitesea.co Re: Location: Project Description: Quotation # L, Caspian Sea Liftboat Support VESSEL INFORMATION Name of Vessel: M/V Petite Class: 130 Official Number: Maximum Deck Load: 105,000 lbs Cranes: Primary: 70 ton w/ 80 boom Secondary: 10 ton w/ 60 boom Working Water Depth: 87 ft. Total Working Height: 117 ft. Fuel Consumption: Running: 50 gal per hour Jacked Up: 8 gal per hour Fuel Capacity: 7,600 gallons Potable Water Capacity: 9,800 gallons Available Deck Space: 1600 SqFt. Approx. Quarters Capacity: 23 Customer Bunks * * Note: Quarter capacity will be reduced by number of cooks added. RATES & CHARGES ITEM RATE DESCRIPTION I. Mobilization A. Liftboat Prep - Shipyard Removal of Leg/Pad/Side Wings $390, USD Includes the daily rate for the vessel during Shipyard work (Est 30 $7, USD per day) and costs for Shipyard work ($176,000) B. Liftboat - Load and Transit Galveston to Novorossiysk $1,306, USD Includes Transit cost ($1,083, USD) from Galveston, TX to Novorossiysk offload site and vessel daily rate (Est 45 $7, USD) Page 1 of 3

3 C. Liftboat - Transit to Baku Offload / Load D. Liftboat Shipyard Reinstallation at Baku $660,000 EU $214, USD $321, USD Includes Transit cost (Est. $600,000 EU) to Baku from offload site and vessel daily rate (Est. 30 $ USD) Shipyard reinstallation at Baku Cost at Customers Expense. Vessel Day rate (Est. 45 $6, USD) E. Demobilization Negotiated at Later Date. II. Daily Charter Hire $ 14, /day Daily rate begins upon arrival at Baku, Azerbaijan and ends upon release and departure from Baku, Azerbaijan (or designated alternate) III. Vessel Overtime $ /hour Hours worked by crew in excess of 12 shall be considered Overtime. Crew Complement provided by owner: Captain, 2 Mates, Crew provided by Charterer: Cook and AB IV. Customer Personnel Subsistence/Lodging TBD Billed per unit for all customer personnel and contractors (1 meal/ 1 bunk = 1 unit) Baku, Azerbaijan Port Fees, Dock Fees/Charges, & Harbor Fees/Charges V. Marine transportation to/from offshore location, Airport. VI. Fuel, Lube, Water Or Cost plus 15% Crew Change, Supplies, Etc. VII. Reimbursable Items, Surveying Diving Rentals or Consumables Any additional cost due to traveling outside the Gulf of Mexico. VIII. Air transportation to/from Baku, Azerbaijan for Boat Crew Or Cost plus 15% By Owner Including specialty or replacement rigging, spreaders, equipment, divers, surveyors, mesotech, etc. IX. Cargo Insurance will be rebilled Cost of.25% per annum X. Dock Side Supervisor TBD Notes: 1. All rates quoted are in USD / EU. 2. Crane cable will be charged back to the customer if it goes underwater at cost + 15%. 3. All charges reviewed, approved and signed for by Customer Representative are then proper and chargeable. Page 2 of 3

4 4. Prior to arrival or moving onto a new location we will require bottom survey to direct the vessel onto location to eliminate the potential for pad/leg damage. PAYMENT TERMS ITEM RATE DESCRIPTION I. Mobilization TBD $ paid upon departure for Baku, Azerbaijan Location: GOM Lump Sum II. Demobilization III. Daily Charter Hire, Plus Fuel and Lube, Meals, Lodging, OT, Reimbursables, etc. Negotiated at Later Date. $ 14,850.00/day Paid 15 days after delivery of invoice Billings will be prepared twice per month Delivery may be by mail, fax or Starts at upon arrival Stops when project complete IV. 3 rd Party Ocean Transport or Cost plus 15% As indicated below Transport to/from US GOM to Baku, Azerbaijan plus Tiedown, cribbing, standby, survey and Demurrage. V. Payments Via Wire Transfer 3 rd PARTY TRANSPORTATION (MOBILIZATION/DEMOBILIZATION) ITEM RATE DESCRIPTION I. Submersible Ship and Tug And barge. See Proposed Quotation Must be Paid in Advance Contract can be handled through Owner at a cost plus 15% Mobilization Location GOM to Baku, Azerbaijan We look forward to working with you on this project. Please execute the charter hire agreement below. AGREED AND ACCEPTED: Vessel Owner/Operator: Romas Marine as agents only Signature Charterer: Whitesea Signature Name Name Title Title Page 3 of 3

Globus Maritime Limited Trading Update and Financial Highlights for the Three Months and Nine Months Ended September 30, 2007.

Globus Maritime Limited Trading Update and Financial Highlights for the Three Months and Nine Months Ended September 30, 2007. Athens, Greece, November 15, 2007. Globus Maritime Limited (AIM: GLBS), a