COMPANY BASIC POLICY

1.Vision Statement

1. At Kyoei Tanker Co., Ltd., we contribute to our country's economic and cultural prosperity through our services, which reflect the public nature of the shipping industry.
2. We manage our company and provide services with law-abiding spirit and high ethical standards as we do recognize our social responsibilities.
3. We place first priority on safe navigation and preservation of – the marine and global environments.
4. We continue improving performance, and preserve and augment our holdings in order that our shareholders, customers, management executives, and employees prosper, a principle that is incorporated in our company's name "Kyoei", which means "Co-prosperity".

2.Mission Statement

1. Safety of life at sea (Zero Loss of life)
2. Safe operation of ships (Zero Incident)
3. Environmental protection (Zero Spill)
4. Reduction in permitted emissions

3.HSSEQ Excellence

1. a）The duties both shore and ship, those especially important for the employees' health, the safe operation of ships, security, the environmental protection, and for the quality management.
2. b）Continual Improvement of the each manuals
3. c）Response to emergency casualty, and
4. d）Compliance with the related international conventions and flag state legislation.

3.1.Health

We promote a fulfilling work environment so that the physical and mental health of office employees and seafarers (including seafarers dispatched by manning company) can be maintained. We prohibit the possession, use, or buy and sale of drugs other than those of a doctor's prescription or the medical supplies permitted. Also, even though the drugs may be recognized by law, their wrongful use is forbidden. With regard to drinking, each department shall set guidelines and manage them as necessary.
We have established specific health rules and procedures within Safety Management System (SMS) to protect the health of our all employees.

3.2.Safety

We comply with effective SOLAS, and MARPOL 73/78, and with the effective International Regulations for Preventing Collisions as Sea and other related conventions or mandatory regulations, and strives to ensure the safety of life at seas and the safe operations of ships. By striving to fulfill our social responsibilities as marine carrier.
We have established specific rules and procedures regarding safety in the Safety Management System (SMS) and ensures safety based on it.

3.3.Security

We provide a secure working environment, by establishing and maintaining the required security measures to prevent unlawful acts, which endanger the safety and security of persons and property on our ships and company.
We have established specific rules and procedures regarding security in the Security Plan and maintain security based on this.

3.4.Environment

Our policy is to promote the protection of the global environment, especially the marine environment protection activities, in the work in shore an office and to maritime administration for ships managed by the company.
We have established specific rules and procedures regarding environment in the Quality and Environmental Management System (QEMS) and Safety Management System (SMS), and implement environment conservation based on them.

3.5.Quality

We aim to improve customers and stakeholders satisfaction and to provide highly reliable service for "safe carriage of cargoes through the safe operation of ships".
We have established specific rules and procedures regarding quality in the Quality and Environmental Management System (QEMS) and implement quality management based on it.