Environmental Policy

The CSL Group Inc. Environmental Policy
As a leader in marine transportation, CSL is committed to fulfilling the raw materials
transportation needs of both the industry and the community, in an economical manner and in
harmony with the environment.

With “100 years plus” strong history, it is CSL’s policy to comply with and, as much as possible,
surpass environmental legislation and to fully support the marine industry’s sustainable
development initiatives. This is achieved by implementing strict internal environmental
standards that in general surpass the guidelines of the shipping industry, an industry which is
already recognized not only as a cost effective transportation mode, but one that is second to
none with regards to environmental performance. CSL will continue to take active measures to
reduce its impact on the environment as well as its consumption of energy and natural
resources per unit transported.

The protection of the environment is a fundamental corporate objective, inseparable from its
long-term economic growth. CSL is committed to carry out its activities, directly and through
fleet managers, in such a manner as to:

• Comply with and, as much as possible, surpass environmental legislation and applicable
  regulations, as well as all other voluntary initiatives endorsed by CSL;
  
• Develop, implement and continually update an Environmental Management System in
  collaboration with CSL’s fleet managers;
  
• Increase environmental awareness, educate and encourage CSL’s employees to
  preserve the environment. Provide training to all CSL’s crews and onshore personnel
  concerning the rules, procedures and principles contained in the Environmental
  Management System and ensure that it is adhered to;
  
• Conduct regular internal and external audits to verify compliance with CSL’s
  Environmental Management system;
• Evaluate and determine the most significant environmental impacts arising from CSL’s
  operations in order to prevent, control and reduce our environmental footprint and
  preserve the ecosystems;
  
• Continually monitor, measure and analyze the environmental performance of CSL’s
  vessels and of CSL’s others activities, in order to voluntarily establish objectives and
  accurate targets towards the establishment of a continuous improvement process;
• Integrate environmental norms in operational practices in order to eliminate wastage and
  promote effective use of resources,
  
• Support research and promote the development and application of green technologies in
  the design and operation of CSL’s vessels;
  
• Communicate to our suppliers and service providers CSL’s commitment to the
  environment and encourage suppliers and service providers to have a similar
  environmental awareness

Prepared by employees of all divisions
Approved by the board of directors on April 9, 2008