Ryan Uhlich Jr. Marine Surveyor TRANSATLANTIC

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1 SURVEY REPORT Ryan Uhlich Jr Telephone: (504) Marine Surveyor 4845 Alphonse Dr. Metairie, LA February 22, 2018 SURVEY REPORT NO: TRANSATLANTIC Date Survey: Official No.: IMO: Consignment: Ocean Marine Brokerage Services Length: 312.7' Breadth: 53.1' Depth: 26.9' Year Built: 1996 Builder: Wuhu Shipyard, Wuhu, China Propulsion Machinery: Wartsila 9R32E 5020 HP Cranes: Two (2) Liebherr SW 40 MT Container Capacity: 369 TEU - 50 Reefer sockets Estimated Present Day Market Value: $1,390, Replacement Value: $6,900,000.00

2 Ryan Uhlich Jr. Page 2 Survey Report No February 22, 2018 Inspection to Ascertain Condition and Valuation as of February 22, 2018 M/V TRANSATLANTIC This is to certify that the undersigned, attending marine surveyors, did on February 6, 2018 request of Ocean Marine Brokerage Services, and for the account of interested parties; survey the M/V Transatlantic; Official No.: IMO: ; 4276 gross tons; 2129 net tons; currently on consignment Ocean Marine Brokerage Services; while subject vessel was afloat and at anchor near the Los Angeles Harbor out of Long Beach, California; in order to ascertain the general condition and valuation for appraisal purposes as of February 22, 2018 Note: All sizes, measurements, capacities, distances, et cetera, mentioned herein are approximate, unless otherwise specified. Portions of the information contained herein were derived from U.S. Coast Guard records and in-house literature which are believed to be accurate but not guaranteed. General Description: Vessel was built of all steel construction by Wuhu Shipyard, in Wuhu China during 1996, hull no.w9519. Registered Dimensions: Length 312.7' Breadth 51.1' Depth 26.9' Overall length 330' (approximately) Deadweight 5129 metric tons Height (keel to antenna) 126.0'

3 Ryan Uhlich Jr. Page 3 Survey Report No February 22, 2018 General Description: (Continued) Dimensions: (Continued) Container Capacity Total 369 TEU Total in Holds 138 TEU Total On Deck 231 TEU Reefer Plugs 50 Main Holds 2 This vessel is a typical single screw, steel, displacement type, container ship, with a flush deck, a bulbous bow, a transom stern, single chine, fitted with a five (5) level steel superstructure aft and an open deck forward. Vessel s superstructure contains bridge wings port and starboard at the bridge level. Vessel s deck contains hydraulically actuated hatch covers and two electric/hydraulic cranes to port. Hull: Hull scantlings are considered suitable for intended purposes.. Lower Hull Compartmetation: Forward compartment is forepeak /ballast. Second compartment is emergency pump room lower and bow thruster room upper. Third compartment is cargo hold (#1)with a series of ballast wing tanks port and starboard. Forth compartment is cargo hold (#2) with ballast wing tank forward and fuel oil wing tank abaft port and starboard. Fifth compartment is the engine room. Sixth compartment is rudder room above the propellor. Ninth Compartment is a transom ballast tank. Tanks: Fuel oil tank space, have a total reported capacity of approximately 367 metric tons. MGO-60 metric tons.

4 Ryan Uhlich Jr. Page 4 Survey Report No February 22, 2018 Tanks:(continued) Freshwater- 155 metric tons. Ballast 1722 metric tons. Bulwarks: Vessel contains bulwarks forward and have a height of 9'. The parameter of the main deck contains a four (4) tier handrail system ranging down the port and starboard sides. Deck Fittings: There are numerous 12" double bitts, roller chocks, fair leads, and freeing ports serving the mooring/winches forward and aft. Ground Tackle: Two (2) Union type anchors port and starboard hanging though hawse pipe direct connected to anchor winch. Winch is a double drum, singe cat head, hydraulically powered winch and is remotely operated. Aft deck contains two hydraulic winches to assist with mooring ropes aft. Each winch is a single drum with a single outboard cat head. Cargo Deck and Below Deck Holds: Cargo deck measures approximately 262' x 42' steel. Cargo deck contains strategically located D- Rings and raised sockets for containers. Hatch covers are MacGregor type, folding jack-knife type. Hydraulic units powering hatch covers are located on deck forward. Lower hull cargo area is divided into two main holds. Each hold is subdivided into bays. #1 hold is 82' x 42' and #2 hold is 125'x 42' Superstructure: Superstructure is designed in a five level configuration with the and galley at the main deck, quarters on decks 2, 3 and 4, and the bridge is on deck 5. Superstructure is served by 8-dog steel watertight doors at all levels. The deckhouse is fitted with safety plate windows in steel frames throughout. Vessel s interior bulkheads are painted steel, overheads prefabricated panels decks are covered in linoleum type deck coverings and painted steel. Vessel is climate controlled by a central air/heat systems. Interior lighting is florescent and incandescent.

5 Ryan Uhlich Jr. Page 5 Survey Report No February 22, 2018 Accommodations: The galley contains the following principal equipment: One (1) Stainless four element stove, oven/broiler unit. One (1) Stainless flattop griddle. One (1) Under-counter ice machine. One (1) Noble stainless dishwasher. One (1) Double stainless sink. One (1) Stainless handwash sink. One (1) Commercial blender. One (1) Microwave oven. One (1) Meat slicer. Stainless steel cabinets, countertops, storage drawers, pot racks, etc. Full compliment of pots, pans, utensils, and various cooking supplies. Mess room contains tables, chairs, small refrigerator, prep counter, and wall mount flat screen television. Adjacent and on the same deck is a pantry closet with supporting dry storage. One level down are three walk-in cooler/freezer units with supporting compressor/freezer units. Crew decks: Decks two (2), three (3),and four (4) are crew bunkrooms. Deck two (2), contains a series of vertical built-in bunk beds. Beds contain privacy curtain. Bunkrooms contain storage lockers, desk, and share a common water closet. Water closet contains, lavatory, steel shower, head, mirror, and other common water closet amenities. Deck three (3) quarters are for engineers or company man. These bunk rooms are two man bunkrooms sharing a common water closet. Deck four is for captain and chief engineer. These bunkroom are single occupancy with their own private water closet. Bunkrooms also contain couches, chairs, and desks/workstations. Bridge: Deck, five (5) the pilot station and top deck of the superstructure.

6 Ryan Uhlich Jr. Page 6 Survey Report No February 22, 2018 Bridge:(continued) The pilot station contains the following principal navigation equipment: One (1) pedestal mounted pilot chair. One (1) Steering wheel. One (1) Sperry Marine electronic compass with NAVplot V autopilot. One (1) Wartisila throttle controls. One (1) Bow thruster controls. One (1) Signal light control panel. One (1) Navigation light control panel. One (1) Ships alarm panel One (1) Sat radio/telephone unit. One (1) Furuno GPS navigator model GP 150 Two (2) Computer monitors with supporting computers and software. One (1) Furuno RCU-114 digital radar monitor. One (1) Furuno FA 150 AIS unit. One (1) Furuno Navtex NV-700 One (1) Furuno DS 80 Doppler speed log. One (1) Furuno FE 680 analog depth gauge with printer. One (1) Furuno FAX 408 One (1) Ships fire monitor system. One (1) Safe tec smoke detection system. One (1) Nippon electric wind indicator. One (1) Furuno knot meter Two(2) Clearview screens. One (1) Chart table. One (1) Chart rack One (1) Clock One (1) Ships bell Vessel contains bridge wings port and starboard. Each wing contains pilot controls, runner angle indicators, propellor pitch meters and Sperry gyrocompasses.

7 Ryan Uhlich Jr. Page 7 Survey Report No February 22, 2018 Machinery: Prime mover; Propulsion machinery consists of one (1) Wartsila 9R32E, in-line, nine cylinder, four stroke, turbocharged diesel engines. Reportedly, engine is rated at RPM. Each engine drives a variable pitch propellor through a Wichmann SV680 P460 marine reverse reduction gear with a ratio of 3.96:1. Cooling is effected through raw water cooling system via through-hull pumps. Propulsion machinery is air starting. Main engine are served by a series of fuel filtration systems. Generators; Generator # one (1) is a Caterpillar, model C18, in-line, six cylinder, four stroke, diesel engine direct connected to a Caterpillar, three phase, 60 hz., rpm, A.C., brushless generator. Generator # two (2) is a Wartsila UD 25, rpm Bow Thruster: One (1) CP thruster 475 HP (350 KW) Hydraulics: Steering complex is double ram actuated by a single electric motor each set atop a hydraulic reservoir. ic motors sit atop hydraulic reservoir. System appears to be 1" rubber hydraulic hoses leading to Vickers type hydraulic pumps. Hydraulic unit for actuating winch covers is a Rexroth, powered by two (2) electric motors adjoined to a hydraulic reservoir. System appears to be 1" rubber hydraulic hoses leading to Vickers type hydraulic pumps. Hydraulic unit for powering deck cranes is a Rexroth, powered by two (2) electric motors adjoined to a hydraulic reservoir. System appears to be 1" rubber hydraulic hoses leading to Vickers type hydraulic pumps Pressure water set incorporates 200 gallon water heater and expansion chamber.

8 Ryan Uhlich Jr. Page 8 Survey Report No February 22, 2018 Principal Auxiliary Machinery: Two (2) Air compressors, dual stage unit, powered by 20HP electric motor each, set with air receivers adjacent. One (1) 20 HP Baldor electric motor powers the fire pump. Two (2) 25 HP electric motor powers the ballast pump, located adjacent to ballast manifolds. One (1) on board sewage pump system and holding tanks One (1) 40 HP electric motor powering fuel pumping system. One (1) main and auxiliary engine room alarm system. One (1) ballast control room. Engine room contains auxiliary engine control station. Cranes: Two (2) Liebherr electro hydriodic cranes fitted to the port side. Cranes are rated at 40 metric tons each. Fire Fighting and Safety Equipment: Vessel contains a an intricate fire and safety plan with fire and safety stations placed throughout the ship. Attached and made [art of the report is the safety plan in it s entirety. Two (2) Solas inflatable 20 man rafts (expires 2/19) One (1) Sic (6) person emergency 18' fiberglass rescue boat powered by an Evinrude 41 HP gasoline engine. Subject boat is cradle mounted and attached to an electrically powered davit. One (1) eighteen person enclosed life raft cradle mounted aft of the superstructure.

9 Ryan Uhlich Jr. Page 9 Survey Report No February 22, 2018 Condition: Note* this vessel has been stationary in the Las Angeles Harbor since June of Vessel is operational and has been maintained by a and onboard crew. According to the crew, engines are run periodically, systems are checked and vessel maintenance is the daily assignment. Since it has been stationary for some months, marine growth could be a factor regarding the vessels bottom. Observable lower hull coating was faded but did not contain considerable rust bleeding through. Upper hull/sideplate did contain some rust bleeding through, especially near the weather deck. Deck (hold covers) were in tact with some deterioration and slight washboarding evident. Transverse deck coamings contained the major corrosions. Superstructure coating was adequate with only minor deficiencies of the wear and tear nature. Lower hull cargo holds were found to be in good shape with some minor determination in way. Machinery space was in satisfactory condition, no major adverse conditions noted. Good housekeeping prevailed in way of living quarters and bridge. Interior amenities were in good condition, basically clean and orderly in way of living areas. The vessel did contain some minor deficiencies of maintenance. Most systems are operation or could be operational with a shakedown cruise. Various components may need to be tested Our survey consists of providing an inventory and description regarding condition and how well the vessel have been managed and maintained. For a vessel of this age, it has been maintained throughout. We did not operate the machinery, perform sea trials, or test systems for functionality. Therefore deficiencies of untested components may exist. Recommendations: None this survey (C & V) Valuation: We did an exhaustive internet search as to values of like and kind vessels for sale. Additionally, we are aware of some actual sales currently.

10 Ryan Uhlich Jr. Page 10 Survey Report No February 22, 2018 Valuation: (continued) Estimated Fair Market Value... $1,390, Estimated Replacement Value (new build)... $6,900, In ascertaining the aforementioned value, consideration was given to the size, dimensions, condition, outfitting, type and size of propulsion machinery of subject vessel, as well as to the prevailing market conditions Surveyor s Notes: This survey represents the good faith opinion of the surveyor and was performed for appraisal purposes only. This survey represents the good faith opinion of the surveyor and was performed for appraisal purposes only. The scope of this survey is limited to the conditions found at time of survey, and those reflected in this report. This survey was conducted without making removals or opening up to expose parts of the appendages were not observed. It is further noted that this survey does NOT guaranty for seaworthiness either expressly or implied, nor is it a certificate of suitability for service of any kind. No determination of stability characteristics or inherent structural integrity has been made, and no opinion is expressed with respect to same. No guaranty is expressed or implied to the specified value at any point or points in the future of any real or personal property. This Survey was prepared based on facts presently known/observed by attending surveyor and completed without prejudice to the rights of the parties at interest with no guaranty specified or implied. The right to amend or supplement this report, should additional information be available, is reserved by the attending surveyor or any of our agents. Our Liability, if any, is limited to the fee for services rendered on this report. In acceptance of this survey the above terms are understood and agreed upon. The undersigned marine surveyor has no present or contemplated future interest in the aforementioned vessel and/or its equipment, and compensation for services has been arranged for on an independent fee basis and is in no way contingent upon the values reported herein.

11 Ryan Uhlich Jr. Page 11 February 22, 2018 Survey Report No Attending surveyor: R. F. Uhlich, Jr. RYAN UHLICH, AMS/SAMS #475. Digitally signed by Ryan F Uhlich DN: cn=ryan F Uhlich, o, ou=marine Surveyor, =seesharp@cox.com, c=us Date: :36:36-06'00' SAMS Accredited Marine Surveyor RFU,JR:ru Attachments (18) Pictures (15) Fire & Safety Plan(1) Documentations (2)

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27 USCG PSIX Search Page Page 1 of 2 2/21/2018 SEARCH PSIX FEATURED LINKS WEB ACCESSIBILITY POLICY FOIA REQUESTS CONTACT US Results for Vessel: TRANSATLANTIC Vessel Information: Vessel Name: TRANSATLANTIC Primary Vessel Number: (Official Number (U.S.)) Hull Identification Number: N/A Manufacturer Hull Number: N/A IMO Number: Vessel Flag: UNITED STATES Vessel Call Sign: WDC2769 Service Information: Service Status: Active Out Of Service Date: N/A Last Removed From Service By: N/A Service: Freight Ship Length: ft Breadth: ft Depth: ft Build Year: 1996 Alternate VINs: N/A Vessel Particulars: Tonnage Information: Cargo Authority: N/A Tonnage: Convention (Subpart B), Net Ton Convention (Subpart B), Gross Ton Vessel Documents and Certifications Document Agency Date Issued Expiration Date CERTIFICATE OF DOCUMENTATION USCG July 25,2017 July 31,2018 Certificate of Inspection USCG March 22,2017 March 22,2018 International Oil Pollution Prevention Certificate N/A March 22,2017 March 22,2022 ISM - Safety Management Certificate NKK March 20,2017 August 19,2017 Certificate of Inspection USCG May 19,2016 May 19,2021 International Oil Pollution Prevention Certificate SIND May 18,2016 International Oil Pollution Prevention Certificate SIND May 18,2016 May 18,2021 SOLAS Cargo Ship Safety Construction Certificate SIND May 18,2016 May 18,2021 SOLAS Cargo Ship Safety Equip Cert, Rec. of Equip. SIND May 18,2016 May 18,2021 SOLAS Cargo Ship Safety Equipment Certificate SIND May 18,2016 May 18,2021 Certificate of Inspection USCG April 6,2016 April 6,2021 SOLAS Exemption Certificate N/A June 5,2015 July 2,2015 SOLAS Cargo Ship Safety Cert, Record of Equip. N/A July 9,2013 SOLAS Cargo Ship Safety Certificate N/A July 9,2013 April 13,2016 International Oil Pollution Prevention Certificate N/A July 8,2013 April 13,2016 SOLAS Cargo Ship Safety Radio Certificate N/A July 2,2013 July 2,2014 Classification Document N/A October 2,2012 February 28,2017 ISM - Document Of Compliance N/A May 2,2012 May 7,2017 ISM - Safety Management Certificate Class April 25,2012 December 12,2016 International Load Line Certificate DNV March 13,2012 August 13,2012 International Load Line Certificate DNV March 13,2012 February 28,2017 Certificate of Inspection N/A April 14,2011 April 14,2016 Certificate of Inspection - Amended N/A April 14,2011 April 14,2016 Certificate of Inspection - Amended USCG April 14,2011 April 14,2016 Classification Document DNV April 14,2011 October 14,2011 ISM - Safety Management Certificate DNV April 14,2011 October 14,2011 International Oil Pollution Prevention Certificate N/A April 13,2011 April 13,2016 SOLAS Cargo Ship Safety Construction Certificate N/A April 13,2011 April 13,2016 SOLAS Cargo Ship Safety Equipment Certificate N/A April 13,2011 April 13,2016 SOLAS Passenger Ship Safety Cert, Record of Equip. N/A April 13,2011 April 13,2016 International Load Line Certificate DNV December 16,2010 May 16,2011 SOLAS Cargo Ship Safety Radio Certificate N/A August 27,2010 August 27,2011 ISM - Document Of Compliance ABS October 31,2008 November 2,2013 ISM - Document Of Compliance ABS October 8,2008 November 2,2013 SOLAS Cargo Ship Safety Radio Certificate N/A September 24,2008 September 24,2009 SOLAS Exemption Certificate USCG June 14,2007 December 31,2009 SOLAS Cargo Ship Safety Construction Certificate N/A May 18,2007 February 28,2012 SOLAS Cargo Ship Safety Equipment Certificate N/A May 18,2007 February 28,2012 International Load Line Certificate N/A May 17,2007 February 28,2012 Classification Document N/A May 4,2007 February 28,2012

28 USCG PSIX Search Page Page 2 of 2 2/21/2018 International Oil Pollution Prevention Certificate N/A April 11,2007 February 28,2012 ISM - Safety Management Certificate N/A March 16,2006 June 16,2010 Certificate of Inspection N/A December 31,2004 December 31,2009 Certificate of Inspection - Amended N/A December 31,2004 December 31,2009 Classification Document N/A December 31,2004 May 31,2005 International Load Line Certificate N/A December 31,2004 May 30,2005 International Oil Pollution Prevention Certificate N/A December 31,2004 May 30,2005 ISM - Safety Management Certificate N/A December 31,2004 June 30,2005 SOLAS Cargo Ship Safety Construction Certificate N/A December 31,2004 May 30,2005 SOLAS Cargo Ship Safety Equipment Certificate N/A December 31,2004 May 30,2005 Tonnage Certificate, International N/A December 23,2004 SOLAS Cargo Ship Safety Radio Certificate N/A December 16,2004 December 16,2005 Tonnage Certificate, International GL June 21,2004 International Oil Pollution Prevention Certificate GL June 3,2004 February 28,2007 SOLAS Cargo Ship Safety Construction Certificate GL June 3,2004 February 28,2007 SOLAS Cargo Ship Safety Equipment Certificate GL June 3,2004 February 28,2007 SOLAS Cargo Ship Safety Radio Certificate GL June 3,2004 February 28,2007 International Load Line Certificate GL March 26,2004 February 28,2007 ISM - Document Of Compliance ABS November 3,2003 November 2,2008 Summary of Coast Guard Contacts Click Here To View Contact Data From: 02/21/2013 To: 02/21/2018 (MM/DD/YYYY) Printer Friendly Version Last Update: Tuesday, February 20, 2018

29 Vessel Documentation Query Page 1 of 1 2/21/2018 Coast Guard Vessel Documentation Data found in current database. Vessel Name: TRANSATLANTIC USCG Doc. No.: Vessel Service: FREIGHT SHIP IMO Number: Trade Indicator: Registry Call Sign: WDC2769 Hull Material: STEEL Hull Number: * Ship Builder: WUHU SHIPYARD Year Built: 1996 Length (ft.): Hailing Port: NEW YORK NY Hull Depth (ft.): 26.9 Hull Breadth (ft.): 53.1 Owner: Gross Tonnage: 4276 Net Tonnage: 2129 Documentation Issuance Documentation July 25, 2017 Date: Previous Vessel Names: BAFFIN STRAIT BAFFIN STRAIT Expiration Date: * Previous Vessel Owners: TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC TRANSATLANTIC LINES SHIPHOLDINGS II INC

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