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Fuel Mana

g

e

m

ent

P

olic

y

B-POL-01.0033

Version 02. Original date: 05 June 2013. Version date: 18 June 2015. Valid version only on QMS site.

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

1 / 1

BOURBON is committed to continually improve 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

vessel activities;

x

Develop a fuel management culture to all our employees;

x

ZE

R

O

T

O

L

E

RA

NCE

regarding any unauthorized fuel transfers.

BOURBON works simultaneously on the following four 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 behavior;

o

Develop fuel efficiency workshops 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 (KPI) 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 vessel activities.

x

Ensure follow-up of fuel clients’ assets.

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

enhancement.

C

h

r

i

s

tian Le

f

èv

r

e

Chief Executive Officer

Gaël Bo

d

énè

s

Chief Operating Officer

N

icola

s

Mal

gr

ain

Chief Financial Officer

44