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Fuel Mana

g

e

m

ent

P

olic

y

B-POL-01.0033

Version 01. Original date: 05 June 2013. Version date: N/A. Valid version only on QMS site.

Policy prepared by: VP Business Management Marine Services. Approved by: COMEX. Validated by: Quality Director of BOURBON.

1 / 1

BOURBON is committed to continually improving its fuel management system by undertaking the following:

x

Ensure integrity of fuel clients assets per vessel by using fuel reporting, measurements and

procedures.

x

Improve energy efficiency of each vessel through efficiency measures, tools, guidelines and

procedures.

x

Be deeply involved in fuel consumption optimization

to preserve the environment from the impact of

vessels activities.

x

Develop a fuel management culture to all our employees.

x

Z

ERO TOLERAN

C

E

regarding any unauthorized fuel transfers.

BOURBON works simultaneously

on these four following main axes to lead the organization towards an

improved fuel management:

1. Ve

ss

el

d

e

s

i

g

n an

d

p

r

opul

s

ion

x

Continue investing in diesel electrical propulsion.

x

Improve vessel design and propulsion for lowest fuel consumption.

2. Ve

ss

el

m

ana

g

e

m

ent

x

Continually improve energy efficiency management by developing guidelines and procedures.

x

Education:

o

Inform, train and mobilize our employees to develop a fuel management culture behaviour,

o

Develop fuel efficiency workshop on board and in simulator training sessions,

o

Vessel crew to be the main actor of fuel management policy implementation.

x

Be in line with environmental regulations:

o

Comply with applicable environmental laws, regulations and industry standards,

o

Regulatory surveillance on coming regulations.

x

Environmental risk management:

o

BOURBON is deeply involved for environmental protection to reach key performance

indicators objective of zero pollutant spills.

3. Fuel

d

ata

b

a

s

e

d

evelop

m

ent

x

Collect, maintain and share accurate fuel data to assess environmental impact and fuel cost per

vessel and client.

4. Joint

m

ana

g

e

m

ent

w

ith client

s

x

Implement best practices to decrease fuel cost and environmental impact of vessels activities.

x

Ensure follow-up of fuel clients assets.

All employees commitment is fundamental to follow and contribute to BOURBON fuel management

enhancement.

Christian Lefèvre

Chief Executive Officer

Gaël Bodenes

Chief Operating Officer

Laurent Renard

Chief Financial Officer

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