Newbuilding consulting and site supervision

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...4 hours on the side of the marine operator Newbuilding consulting and site supervision Turn-key consulting solutions from specification appraisal, plan approval and site supervision. Site supervision could be arranged either in collaboration with an Owner selected site team, with a site team formed by our selection of specialists or alternatively with combined resources. Review and Appraisal of Specification, Building Contract and Makers List. Issue of Memorandum. covering the appraisal of all drawings, plans and documents with respect to: o Compliance with the building specification and contract o New rules coming into force. o Special demands and experience of company s operational partners.

o Requirements coming from the Flag Administration, Charterers, Port Authorities & Coast Guards (of Ports of commercial value for the shipping company) and other International Organizations. o Best marine practice and market worldwide trend, utilizing in-house operational experience. o evaluation of major makers equipment and scope of supply. On Site & to the Site Team, including: o Co-operation with Site Manager on daily basis o Continuous monitoring of construction progress o Issue of Progress Reports per month o support to Site Office on issues related to the construction o Review of Inspection Procedures (ITPs, PSPC, Shaft Alignment) o Review of shipyard s Modification Plans o Review of Shop Test Reports o Review of Inclining Test Procedure and Report o Review of Sea Trials Procedure and Report o Follow up of major NCR (non-conformities) and support to Site Manager to negotiations with shipyard o Informative progress meetings with Owner at their premises

Surveys and shipboard attendance Worldwide coverage of surveys by a network of associated experienced surveyors. Pre-Purchase Surveys Condition / Damage Surveys Shipyards Evaluation Surveys Attendance of Sea Trials & Shop Tests of Repair & Dry-Docking

References June 06 List of NB projects held by United Naval Architects Nr. of ships Company Delta International Shipping Co. Size (DWT),000 Type of vessel carrier IMO3 Shipyard Period Duty Turkoglu, Turkey 005-006, 6 Blue Line Ship 50,000 carriers IMO SPP, Korea 006-009, Delta International Shipping Co.,450 carrier IMO Telci, Turkey 006-009, Delta International Shipping Co.,00 carrier IMO Berk, Turkey 006-009,

References June 06 List of NB projects held by United Naval Architects - continued Nr. of ships Company Size (DWT) Type of vessel Shipyard Period Duty 3 Hellenic Star Shipping Co. 57,000 Bulk Carriers Qingshan, 007-00 and Plan Approval 3 Evalend Shipping Co. 57,000 Bulk Carriers Qingshan, 007-00 Marine Managers 57,000 Bulk Carriers Qingshan, 008-00 and Plan Approval 3 Delta International Shipping Co. 57,000 Bulk Carriers Qingshan, 008-00 and Plan Approval 4 (Subcontracted) 74,000 Crude/product oil tankers Korea 008 4 (Subcontracted) 57,000 Bulk Carriers 008-009 6 (Subcontracted) 79,000 Bulk Carriers 008-00 (Subcontracted) 8,000 Bulk Carriers Korea 009-0 Primerose Shipping 79,600 Bulk Carriers Nanjing Wujiazui, 009-0 & Advisors

References June 06 List of NB projects held by United Naval Architects continued Nr. of ships Company Size (DWT) Type of vessel Shipyard Period Duty AB-Maritime Inc. 59,000 Bulk Carriers SPP, Korea 009 Specification appraisal, Participation in Contract negotiations (Subcontracted) 59,000 Bulk Carriers Korea 009-00,500 TEU Container ship Yangzijiang, 009-00 S.Frangoulis Ship 35,000 Bulk Carriers SPP, Korea 00-0, 93,000 Bulk Carriers Yangzijiang, 00-0 & 35,000 Bulk Carriers Nanjing Dongze, 00-0 & Free Bulkers S.A 34,000 Bulk Carriers Jiangsu Yangzijiang, 00-0 -,600,700,00 3,600 6,600 TEU Container ships Shipyards 00-0 Specification appraisal and Memorandum,

References June 06 List of NB projects held by United Naval Architects - continued OSG Ship Inc. 3,000 Crude oil tankers SPP, Korea 0-04 Elmira Shipping & Trading 58,000 Bulk Carrier Yangzhou Dayang, 0 Owner representation and Oceangold Tankers Inc. 50,000 carrier SPP, Korea 0-0 Oceangold Tankers Inc. 50,300 carrier SPP, Korea 0-04 & Site S.Frangoulis Ship Elmira Shipping & Trading 33,00 Bulk Carrier 9,950 Tankers Shin Kurushima, Japan Kitanihon, Japan 03 03 Specification appraisal and Memorandum, Specification appraisal and Memorandum, 5 38,000 Bulk Carrier (GREEN DOLPHIN 38) Shipping Industry (Jiangsu), 03-to & Site 8 Times Navigation Inc 63,500 Bulk Carrier (CROWN 63) Sinopacific (Yangzhou Dayang), 03-to Blue Seas Shipping 63,500 Bulk Carrier (CROWN 63) Sinopacific (Yangzhou Dayang), 03-to

References June 06 4+ Elmira Shipping & Trading 5,000 Tankers (Duplex) Dae Sun, Korea 04 Minerva Marine Inc. 39,000 Tankers HMD, Korea 04-to (Subcontracted) 84,000 Bulk Carriers 05 Blue Seas Shipping 63,500 Bulk Carrier Cheng Xi, 05-to Minerva Marine Inc. 59,000 Crude oil tankers HHI, Korea 05-to 3 Tufton Oceanic,700 TEU Container Vessels Yangzijiang, 06-to /