TRANSMAR SHIPPING CO. S.A. is a Ship Management Company operating Bulk Carriers.

It is the Company's Policy to continuously promote a Safe & Pollution free operating environment and to implement all aspects of the International Safety Management (ISM) Code by operating a Safety Management System (SMS) in accordance with the provisions of the ISM Code.

The Company's objectives regarding Safety Management System implementation is to:

• Protect the environment by implementing safe and pollution free operations.
• Establish safeguards against identified risks
• Prepare and train shore based and sea going personnel for handling emergency situations
• Provide for safe practices in ship operation and a safe working environment
• Avoid incidents that could cause human injury, loss of life or damage to the environment, the property and assets under its management.
• Improve safety management skills of personnel ashore and onboard ships

In order to effectively implement its Safety & Environment Protection Policy the Company:

Ensures compliance with all National, International and Flag Administration Legislation

• Takes into account all related guidelines, standards, codes and publications as applicable
• Implements a Safety Management System that provides responsibilities and instructions for all items required by the International Safety Management (ISM) Code
• Implements procedures to prepare and respond to emergency situations
• Practices at all times procedures for reporting and following up non-conformities and accidents
• Monitors all safety, operational and technical  aspects of the managed fleet
• Provides adequate resources for the effective implementation of the SMS
• Inspects the managed fleet and carries out necessary maintenance and repairs
• Improves the SMS by taking necessary action for identified problem areas through the implementation of Internal Auditing and Management Review systems.

All Company employees, shore based and seagoing, are responsible for implementing the company's Health, Safety and Environment Protection Policy.

The Company's Management is responsible to monitor and review the Safety & Environment Protection Policy on a regular basis in order to ensure that it remains relevant and effective. As evidence of Management's commitment to the implementation of the above the policy is to be posted at prominent positions both at Company's premises and onboard managed vessels.