Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 119

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 119
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 Services builds on the long-running relationships established by Costamare Shipping with our charterers. Costamare Services provides our vessel-owning subsidiaries with chartering, sale and purchase, insurance and certain representation and administrative services pursuant to the Services Agreement. The Services Agreement, including the fee structure thereunder, will be substantially similar to Services Agreement dated November 2, 2015, as amended and restated on June 28, 2021, as amended on December 12, 2024, among the vessel-owning subsidiaries of Costamare Inc. and Costamare Services (the “CMRE Services Agreement”), under which Costamare Services has been compensated for certain services to our dry bulk fleet prior to the spin-off. Our chief executive officer and our chief financial officer will supervise, in conjunction with our Board, the services provided by our affiliated managers and agencies. Our affiliated managers and agencies will report to our board of directors through our chief executive officer and our chief financial officer, each of whom will be appointed by our board of directors. Costamare Shipping also sources and advises on strategic opportunities for our Board’s consideration. We consider that having several management companies, both affiliated and third party, involved in the management of our owned vessels will provide us with a deep pool of operational management in multiple locations with market-specific experience and relationships, as well as the geographic flexibility needed to manage and crew our expanding fleet so as to provide a high level of service, while remaining cost-effective. For example, Navilands (Shanghai) has the language skills and local knowledge we believe are necessary to establish and grow meaningful relationships with Chinese charterers and suppliers and may also employ Chinese crews. In addition, our managers may, at our request or subject to our consent, subcontract certain services to certain of their affiliates. We believe that our managers are well regarded in the industry and will use state-of-the-art practices and technological advancement to maximize the efficiency of the operation of our fleet of dry bulk vessels. ISM certification is in place for our fleet of dry bulk vessels as well as their respective managers. Costamare Shipping and V.Ships Greece are also certified in accordance with ISO 9001-2008 and ISO 14001-2004 relating to quality management and environmental standards. Costamare Shipping is also certified in accordance with the energy management systems Standard ISO 50001-2011. In connection with the spin-off, Costamare Shipping will agree that during the term of the Framework Agreement, it will not provide,