Document:

EX-10.5

 Exhibit 10.5 

 

					
	 SHIP MANAGEMENT AGREEMENT
	 	 THE BALTIC AND INTERNATIONAL
MARITIME COUNCIL (BIMCO) STANDARD SHIP MANAGEMENT AGREEMENT

	 	CODE NAME: “SHIPMAN 98”	 	PART 
I

  

							
	 1. Date of Agreement

 
     10th November 2010

 
	 	
Name of Vessel
  
     Windsor Knutsen

	2. Owners (name, place of registered office and law of registry) (Cl.
1)	 	 3. Managers (name, place of registered office and law of registry)
(Cl. 1)
  

	 	 	 	 	 	 	 
	 	 	Name	 		 	Name
	 	 		 
	 	 	 Knutsen Bøyelaster XI KS
	 	 	 	 Knutsen OAS Shipping AS

	 	 	Place of registered office	 		 	Place of registered office
	 	 		 
	 	 	 Smedasundet 40, 5529 Haugesund
	 	 	 	 Smedasundet 40, 5529
Haugesund

	 	 	Law of registry	 		 	Law of registry
	 	 		 
	 	 	Norwegian	 	 	 	Norwegian
	 4. Day and year of commencement of
Agreement (Cl. 2)
  
     10th November
2010
  
	 	 
	5. Crew Management (state “yes” or “no” as agreed) (Cl.
3.1)	 	6. Technical Management (state “yes” or “no” as agreed) (Cl. 3.2)
	 	 	  
 Yes
  
	 	 	 	  
 Yes
  

	7. Commercial Management (state “yes” or “no” as agreed)
(Cl. 3.3)	 	8. Insurance Arrangements (state “yes” or “no” as agreed) (Cl. 3.4)
	 	 	  
 No
  
	 	 	 	  
 Yes
  

	9. Accounting Services (state “yes” or “no” as agreed) (Cl.
3.5)	 	10. Sale or purchase of the Vessel (state “yes” or “no” as agreed) (Cl.
3.6)
	 	 	  
 Yes
  
	 	 	 	  
 No
  

	11. Provisions (state “yes” or “no” as agreed) (Cl.
3.7)	 	12. Bunkering (state “yes” or “no” as agreed) (Cl. 3.8)
	 	 	  
 Yes
  
	 	 	 	  
 No
  

	13. Chartering Services Period (only to be filled in if “yes” stated in
Box 7) (Cl. 3.3(i))	 	14. Owners’ Insurance (state alternative (i), (ii) or (iii) of Cl. 6.3)
	 	 	 	 	 	 	  
 ii
  

	15. Annual Management Fee (state annual amount) (Cl. 8.1)	 	16. Severance Costs (state maximum amount) (Cl. 8.4(ii))
	 	 	  
 USD 365.000
  
	 	 	 	  
 To cower all crewing expenses - maximum of USD 50.000
  

	17. Day and year of termination of Agreement (Cl. 17)	 	18. Law and Arbitration (state alternative 19.1, 19.2 or 19.3; if 19.3 place of arbitration must be stated)
(Cl. 19)
	 	 	  
 One year after commencement
  
  
	 	 	 	  
 19.3 Norwegian
  
  

	19. Notices (state postal and cable address, telex and telefax number for serving
notice and communication to the Owners (Cl. 20)	 	20. Notices (state postal and cable address, telex and telefax number for serving notice and communication
to the Managers) (Cl. 20)
	 	 	  
 The CEO
 Knutsen Offshore Tankers ASA
 Tel: +47 52 70 40 00
 Email: operation@knutsenoas.com

 
	 	 	 	  
 The Managing Director
 Knutsen OAS Shipping AS

Tel: +47 52 70 40 00
 Email:
operation@knutsenoas.com
  

	  
 It is mutually agreed between the party stated in
Box 2 and the party stated in Box 3 that this Agreement consisting of PART I and PART II as well as Annexes “A” (Details of Vessel), “B” (Details of Crew), “C” (Budget) and “D” (Associated vessels) attached
hereto, shall be performed subject to the conditions contained herein. In the event of a conflict of conditions, the provisions of PART I and Annexes “A”, “B”, “C” and “D” shall prevail over those of PART II
to the extent of such conflict but no further.
  

	Signature(s) (Owners)	 	Signature(s) (Managers)
	 	 	Knutsen Bøyelaster XI KS	 		 	Knutsen OAS Shipping AS
	 		 	 
	 	 	  
 /s/ TRYGVE
SEGLEM
  
	 	 	 	  
 /s/ TRYGVE SEGLEM
  

 PART II 
 “Shipman 98” Standard Ship Management Agreement 

 

 1. Definitions 

In this Agreement, save where the context otherwise requires, the following words and expressions shall have the
meanings hereby assigned to them. 
 “Owners” means the party identified in Box 2. 

“Managers” means the party identified in Box 3. 

“Vessel” means the vessel or vessels, details of which are set out in Annex “A” attached
hereto. 
 “Crew” means the Master, officers and ratings of the numbers, rank and nationality
specified in Annex “B” attached hereto. 
 “Crew Support Costs” means all expenses
of a general nature which are not particularly referable to any individual vessel for the time being managed by the Managers and which are incurred by the Managers for the purpose of providing an efficient and economic management service and,
without prejudice to the generality of the foregoing, shall include the cost of crew standby pay, training schemes for officers and ratings, cadet training schemes, sick pay, study pay, recruitment and interviews. 

“Severance Costs” means the costs which the employers are legally obliged to pay to or in respect of
the Crew as a result of the early termination of any employment contract for service on the Vessel. 

“Crew Insurances” means insurances against crew risks which shall include but not be limited to death,
sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects. 

“Management Services” means the services specified in sub-clauses 3.1 to 3.8 as indicated affirmatively
in Boxes 5 to 12. 
 “ISM Code” means the International Management Code for the Safe Operation
of Ships and for Pollution Prevention as adopted by the International Maritime Organization (IMO) by resolution A.741(18) or any subsequent amendment thereto. 

“STCW 95” means the International Convention on Standards of Training, Certification and Watchkeeping
for Seafarers, 1978, as amended in 1995 or any subsequent amendment thereto. 
 2. Appointment of Managers 

With effect from the day and year stated in Box 4 and continuing unless and until terminated as provided herein, the
Owners hereby appoint the Managers, and the Managers hereby agree to act, as the Managers of the Vessel. 
 3. Basis of Agreement

 Subject to the terms and conditions herein provided, during the period of this Agreement, the Managers
shall carry out Management Services in respect of the Vessel as agents for and on behalf of the Owners. The Managers shall have authority to take such actions as they may from time to time in their absolute discretion consider to be necessary to
enable them to perform this Agreement in accordance with sound ship management practice. 
 3.1 Crew Management

 (only applicable if agreed according to Box 5) 

The Managers shall provide suitably qualified Crew for the Vessel as required by the Owners in accordance with the STCW
95 requirements, provision of which includes but is not limited to the following functions: 
  

	 	(i)	 selecting and engaging the Vessel’s Crew, including payroll arrangements, pension administration, and insurances for the Crew other than those
mentioned in Clause 6; 

  

	 	(ii)	 ensuring that the applicable requirements of the law of the flag of the Vessel are satisfied in respect of manning levels, rank, qualification and
certification of the Crew and employment regulations including Crew’s tax, social insurance, discipline and other requirements; 

  

	 	(iii)	 ensuring that all members of the Crew have passed a medical examination with a qualified doctor certifying that they are fit

	 	 
for the duties for which they are engaged and are in possession of valid medical certificates issued in accordance with appropriate flag State requirements. In the absence of applicable flag
State requirements the medical certificate shall be dated not more than three months prior to the respective Crew members leaving their country of domicile and maintained for the duration of their service on board the Vessel;

  

	 	(iv)	 ensuring that the Crew shall have a command of the English language of a sufficient standard to enable them to perform their duties safely;

  

	 	(v)	 arranging transportation of the Crew, including repatriation; 

 

	 	(vi)	 training of the Crew and supervising their efficiency; 

 

	 	(vii)	 conducting union negotiations; 

  

	 	(viii)	 operating the Managers’ drug and alcohol policy unless otherwise agreed. 

3.2 Technical Management 
 (only applicable if agreed according to Box 6) 
 The
Managers shall provide technical management, which includes, but is not limited to, the following functions: 
  

	 	(i)	 provision of competent personnel to supervise the maintenance and general efficiency of the Vessel; 

 

	 	(ii)	 arrangement and supervision of dry dockings, repairs, alterations and the upkeep of the Vessel to the standards required by the Owners, provided
that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with the law of the flag of the Vessel and of the places where she trades, and all requirements and recommendations of the classification
society. 

  

	 	(iii)	 arrangement of the supply of necessary stores, spares and lubricating oil; 

 

	 	(iv)	 appointment of surveyors and technical consultants as the Managers may consider from time to time to be necessary; 

 

	 	(v)	 development, implementation and maintenance of a Safety Management System (SMS) in accordance with the ISM Code (see sub-clauses 4.2 and 5.3).

 3.3 Commercial Management 

(only applicable if agreed according to Box 7) 

The Managers shall provide the commercial operation of the Vessel, as required by the Owners, which includes, but is not
limited to, the following functions: 
  

	 	(i)	 providing chartering services in accordance with the Owners’ instructions which include, but are not limited to, seeking and negotiating
employment for the Vessel and the conclusion (including the execution thereof) of charter parties or other contracts relating to the employment of the Vessel. If such a contract exceeds the period stated in Box 13, consent thereto in writing shall
first be obtained from the Owners. 

  

	 	(ii)	 arranging of the proper payment to Owners or their nominees of all hire and/or freight revenues or other moneys of whatsoever nature to which Owners
may be entitled arising out of the employment of or otherwise in connection with the Vessel. 

  

	 	(iii)	 providing voyage estimates and accounts and calculating of hire, freights, demurrage and/or despatch moneys due from or due to the charterers
passengers of the Vessel; 

  

	 	(iv)	 issuing of voyage instructions; 

  

	 	(v)	 appointing agents; 

  

	 	(vi)	 appointing stevedores; 

  

	 	(vii)	 arranging surveys associated with the commercial operation of the Vessel. 

3.4 Insurance Arrangements 
 (only applicable if agreed according to Box 8) 
 The
Managers shall arrange insurances in accordance with Clause 6, on such terms and conditions as the Owners shall have instructed or agreed, in particular regarding conditions, insured values, deductibles and franchises.

 

 PART II 
 “Shipman 98” Standard Ship Management Agreement 
  

 
 3.5 Accounting Services 

(only applicable if agreed according to Box 9) 

The Managers shall: 
  

	 	(i)	 establish an accounting system which meets the requirements of the Owners and provide regular accounting services, supply regular reports and
records, 

  

	 	(ii)	 maintain the records of all costs and expenditure incurred as well as data necessary or proper for the settlement of accounts between the parties.

 3.6 Sale or Purchase of the Vessel 

(only applicable if agreed according to Box 10) 

The Managers shall, in accordance with the Owners’ instructions, supervise the sale or purchase of the Vessel,
including the performance of any sale or purchase agreement, but not negotiation of the same. 
 3.7
Provisions (only applicable if agreed according to Box 11) 
 The Managers shall arrange for the
supply of provisions. 
 3.8 Bunkering (only applicable if agreed according to Box 12)

 The Managers shall arrange for the provision of bunker, of the quality specified by the Owners as required
for the Vessel’s trade. 
 4. Managers’ Obligations 

4.1 The Managers undertake to use their best endeavours to provide the agreed Management Services as agents for
and on behalf of the Owners in accordance with sound ship management practice and to protect and promote the interests of the Owners in all matters relating to the provision of services hereunder. 

Provided, however, that the Managers in the performance of their management responsibilities under this Agreement shall
be entitled to have regard to their overall responsibility in relation to all vessels as may from time to time be entrusted to their management and in particular, but without prejudice to the generality of the foregoing, the Managers shall be
entitled to allocate available supplies, manpower and services in such manner as in the prevailing circumstances the Managers in their absolute discretion consider to be fair and reasonable. 

4.2 Where the Managers are providing Technical Management in accordance with sub-clause 3.2, they shall procure
that the requirements of the law of the flag of the Vessel are satisfied and they shall in particular be deemed to be the “Company” as defined by the ISM Code, assuming the responsibility for the operation of the Vessel and taking over the
duties and responsibilities imposed by the ISM Code when applicable. 
 5. Owners’ Obligations 

5.1 The Owners shall pay all sums due to the Managers punctually in accordance with the terms of this Agreement.

 5.2 Where the Managers are providing Technical Management in accordance with sub-clause 3.2, the
Owners shall: 
  

	 	(i)	 procure that all officers and ratings supplied by them or on their behalf comply with the requirements of STCW 95; 

 

	 	(ii)	 instruct such officers and ratings to obey all reasonable orders of the Managers in connection with the operation of the Managers’ safety
management system. 

 5.3 Where the Managers are not providing Technical Management in
accordance with sub-clause 3.2, the Owners shall procure that the requirements of the law of the flag of the Vessel are satisfied and that they, or such other entity as may be appointed by them and identified to the Managers, shall be deemed to be
the “Company” as defined by the ISM Code assuming the responsibility for the operation of the Vessel and taking over the duties and responsibilities imposed by the ISM Code when applicable.

 6. Insurance Policies 

The Owners shall procure, whether by instructing the Managers under sub-clause 3.4 or otherwise, that throughout the
period of this Agreement: 
 6.1 at the Owners’ expense, the Vessel is insured for not less than
her sound market value or entered for her full gross tonnage, as the case may be for: 
  

	 	(i)	 usual hull and machinery marine risks (including crew negligence) and excess liabilities; 

 

	 	(ii)	 protection and indemnity risks (including pollution risks and Crew Insurances); and 

 

	 	(iii)	 war risks (including protection and indemnity and crew risks) in accordance with the best practice of prudent owners of vessels of a similar type to
the Vessel, with first class insurance companies, underwriters or associations (“the Owners’ Insurances”); 

 6.2 all premiums and calls on the Owners’ Insurances are paid promptly by their due date, 
 6.3 the Owners’ Insurances name the Managers and, subject to underwriters’ agreement, any third party designated by the Managers as a joint assured, with full cover, with the Owners
obtaining cover in respect of each of the insurances specified in sub-clause 6.1: 
  

	 	(i)	 on terms whereby the Managers and any such third party are liable in respect of premiums or calls arising in connection with the Owners’
Insurances; or 

  

	 	(ii)	 if reasonably obtainable, on terms such that neither the Managers nor any such third party shall be under any liability in respect of premiums or
calls arising in connection with the Owners’ Insurances; or 

  

	 	(iii)	 on such other terms as may be agreed in writing. 

Indicate alternative (i), (ii) or (iii) in Box 14. If Box 14 is left blank then (i) applies

 6.4 written evidence is provided, to the reasonable satisfaction of the Managers, of their
compliance with their obligations under Clause 6 within a reasonable time of the commencement of the Agreement, and of each renewal date and, if specifically requested, of each payment date of the Owners’ Insurances. 

7. Income Collected and Expenses Paid on Behalf of Owners 

7.1 All moneys collected by the Managers under the terms of this Agreement (other than moneys payable by the
Owners to the Managers) and any interest thereon shall be held to the credit of the Owners in a separate bank account. 
 7.2 All expenses incurred by the Managers under the terms of this Agreement on behalf of the Owners (including expenses as provided in Clause 8) may be debited against the Owners in the account
referred to under sub-clause 7.1 but shall in any event remain payable by the Owners to the Managers on demand. 
 8. Management Fee

 8.1 The Owners shall pay to the Managers for their services as Managers under this Agreement an
annual management fee as stated in Box 15 which shall be payable, by equal monthly instalments in advance, the first instalment being payable on the commencement of this Agreement (see Clause 2 and Box 4) and subsequent instalments being payable
every month. 
 8.2 The management fee shall be subject to an annual review on the anniversary date of
the Agreement and the proposed fee shall be presented in the annual budget referred to in sub-clause 9.1. 

8.3 The Managers shall, at no extra cost to the Owners, provide their own office accommodation, office staff,
facilities and stationery. Without limiting the generality of Clause 7 the Owners shall reimburse the Managers for postage and communication expenses, travelling expenses, and other out of pocket expenses properly incurred by the Managers in
pursuance of the Management Services. 

 

 PART II 
 “Shipman 98” Standard Ship Management Agreement 
  

 
 8.4 In the event of the appointment of the Managers being
terminated by the Owners or the Managers in accordance with the provisions of Clauses 17 and 18 other than by reason of default by the Managers, or if the Vessel is lost, sold or otherwise disposed of, the “management fee” payable to the
Managers according to the provisions of sub-clause 8.1, shall continue to be payable for a further period of three calendar months as from the termination date. In addition, provided that the Managers provide Crew for the Vessel in accordance with
sub-clause 3.1: 
  

	 	(i)	 the Owners shall continue to pay Crew Support Costs during the said further period of three calendar months and 

 

	 	(ii)	 the Owners shall pay an equitable proportion of any Severance Costs which may materialize, not exceeding the amount stated in Box 16.

 8.5 If the Owners decide to lay-up the Vessel whilst this Agreement remains in
force and such lay-up lasts for more than three months, an appropriate reduction of the management fee for the period exceeding three months until one month before the Vessel is again put into service shall be mutually agreed between the parties.

 8.6 Unless otherwise agreed in writing all discounts and commissions obtained by the Managers in the
course of the management of the Vessel shall be credited to the Owners. 
 9. Budgets and Management of Funds 

9.1 The Managers shall present to the Owners annually a budget for the following twelve months in such form as
the Owners require. The budget for the first year hereof is set out in Annex “C” hereto. Subsequent annual budgets shall be prepared by the Managers and submitted to the Owners by 15 November each year not less than three months
before the anniversary date of the commencement of this Agreement (see Clause 2 and Box 4). 
 9.2 The
Owners shall indicate to the Managers their acceptance and approval of the annual budget within one month of presentation and in the absence of any such indication the Managers shall be entitled to assume that the Owners have accepted the proposed
budget. 
 9.3 Following the agreement of the budget, the Managers shall prepare and present to the
Owners their estimate of the working capital requirement of the Vessel and the Managers shall each month update this estimate. Based thereon, the Managers shall each month request the Owners in writing for the funds required to run the Vessel for
the ensuing month, including the payment of any occasional or extraordinary item of expenditure, such as emergency repair costs, additional insurance premiums, bunkers or provisions, Such funds shall be received by the Managers within ten running
days after the receipt by the Owners of the Managers’ written request and shall be held to the credit of the Owners in a separate bank account. 
 9.4 The Managers shall produce a comparison between budgeted and actual income and expenditure of the Vessel, in such form as required by the Owners, monthly or at such other intervals as mutually
agreed. 
 9.5 Notwithstanding anything contained herein to the contrary, the Managers shall in no
circumstances be required to use or commit their own funds to finance the provision of the Management Services. 
 10. Managers’ Right
to Sub-Contract 
 The Managers shall not have the right to sub-contract any of their obligations
hereunder, including those mentioned in sub-clause 3.1, without the prior written consent of the Owners, which shall not be unreasonably withheld. In the event of such a sub-contract, the Managers shall remain fully liable for the due performance of
their obligations under this Agreement. 

 11. Responsibilities 

11.1 Force Majeure - Neither the Owners nor the Managers shall be under any liability for any
failure to perform any of their obligations hereunder by reason of any cause whatsoever of any nature or kind beyond their reasonable control. 
 11.2 Liability to Owners - (i) Without prejudice to sub-clause 11.1, the Managers shall be under no liability whatsoever to the Owners for any loss, damage, delay or
expense of whatsoever nature, whether direct or indirect, (including but not limited to loss of profit arising out of or in connection with detention of or delay to the Vessel) and howsoever arising in the course of performance of the Management
Services UNLESS same is proved to have resulted solely from the negligence, gross negligence or wilful default of the Managers or their employees, or agents or sub-contractors employed by them in connection with the Vessel, in which case
(save where loss, damage, delay or expense has resulted from the Managers’ personal act or omission committed with the intent to cause same or recklessly and with knowledge that such loss, damage, delay or expense would probably result) the
Managers’ liability for each incident or series of incidents giving rise to a claim or claims shall never exceed; a total of ten times the annual management fee payable hereunder. 

(ii) Notwithstanding anything that may appear to the contrary in this Agreement, the Managers shall not be liable
for any of the actions of the Crew, even if such actions are negligent, grossly negligent or wilful, except only to the extent that they are shown to have resulted from a failure by the Managers to discharge their obligations under sub-clause 3.1,
in which case their liability shall be limited in accordance with the terms of this Clause 11. 
 11.3
Indemnity - Except to the extent and solely for the amount therein set out that the Managers would be liable under subclause 11.2, the Owners hereby undertake to keep the Managers and their employees, agents and sub-contractors
indemnified and to hold them harmless against all actions, proceedings, claims, demands or liabilities whatsoever or howsoever arising which may be brought against them or incurred or suffered by them arising out of or in connection with the
performance of the Agreement, and against and in respect of all costs, losses, damages and expenses (including legal costs and expenses on a full indemnity basis) which the Managers may suffer or incur (either directly or indirectly) in the course
of the performance of this Agreement. 
 11.4 “Himalaya” - It is hereby expressly agreed that
no employee or agent of the Managers (including every sub-contractor from time to time employed by the Managers) shall in any circumstances whatsoever be under any liability whatsoever to the Owners for any loss, damage or delay of whatsoever kind
arising or resulting directly or indirectly from any act, neglect or default on his part while acting in the course of or in connection with his employment and, without prejudice to the generality of the foregoing provisions in this Clause 11, every
exemption, limitation, condition and liberty herein contained and every right, exemption from liability, defence and immunity of whatsoever nature applicable to the Managers or to which the Managers are entitled hereunder shall also be available and
shall extend to protect every such employee or agent of the Managers acting as aforesaid and for the purpose of all the foregoing provisions of this Clause 11 the Managers are or shall be deemed to be acting as agent or trustee on behalf of and for
the benefit of all persons who are or might be their servants or agents from time to time (including sub-contractors as aforesaid) and all such persons shall to this extent be or be deemed to be parties to this Agreement. 

12. Documentation 
 Where the Managers are providing Technical Management in accordance with sub-clause 3.2 and/or Crew Management in accordance with sub-clause 3.1, they shall make available, upon

 

 PART II 
 “Shipman 98” Standard Ship Management Agreement 
  

 
Owners’ request, all documentation and records related to the Safety Management System (SMS) and/or the Crew which the Owners need in order to demonstrate compliance with the ISM Code and
STCW 95 or to defend a claim against a third party. 
 13. General Administration 

13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep
the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties. 
 13.2 The Managers shall, as instructed by the Owners, bring or defend actions, suits or proceedings in connection with matters entrusted to the Managers according to this Agreement. 

13.3 The Managers shall also have power to obtain legal or technical or other outside expert advice in relation
to the handling and settlement of claims and disputes or all other matters affecting the interests of the Owners in respect of the Vessel. 
 13.4 The Owners shall arrange for the provision of any necessary guarantee bond or other security. 
 13.5 Any costs reasonably incurred by the Managers in carrying out their obligations according to Clause 13 shall be reimbursed by the Owners. 

14. Auditing 
 The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the
termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel
and her operation. 
 15. Inspection of Vessel 
 The Owners shall have the right at any time after giving reasonable notice to the Managers to inspect the Vessel for any reason they consider necessary. 

16. Compliance with Laws and Regulations 
 The Managers will not do or permit to be done anything which might cause any breach or infringement of the laws and regulations of the Vessel’s flag, or of the places where she trades. 

17. Duration of the Agreement 
 This Agreement shall come into effect on the day and year stated in Box 4 and shall continue until the date stated in Box 17. Thereafter it shall continue until terminated by either party giving to the
other notice in writing, in which event the Agreement shall terminate upon the expiration of a period of three months from the date upon which such notice was given. 
 18. Termination 
 18.1 Owners’ Default

  

	 	(i)	 The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if any moneys payable by the Owners under this
Agreement and/or the owners of any associated vessel, details of which are listed in Annex “D”, shall not have been received in the Managers’ nominated account within ten running days of receipt by the Owners of the Manager’s
written request or if the Vessel is repossessed by the Mortgagees. 

  

	 	(ii)	 If the Owners: 

  

	 	(a)	 fail to meet their obligations under sub-clauses 5.2 and 5.3 of this Agreement for any reason within their control, or

  

	 	(b)	 proceed with the employment of or continue to employ the Vessel in the carriage of contraband, blockade

	 	 
running, or an unlawful trade, or on a voyage which in the reasonable opinion of the Managers is unduly hazardous or improper, 

the Managers may give notice of the default to the Owners, requiring them to remedy it as soon as practically possible.
In the event that the Owners fail to remedy it within a reasonable time to the satisfaction of the Managers, the Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing. 

18.2 Managers’ Default 

If the Managers fail to meet their obligations under Clauses 3 and 4 of this Agreement for any reason within the control
of the Managers, the Owners may give notice to the Managers of the default, requiring them to remedy it as soon as practically possible. In the event that the Managers fail to remedy it within a reasonable time to the satisfaction of the Owners, the
Owners shall be entitled to terminate the Agreement with immediate effect by notice in writing. 
 18.3
Extraordinary Termination 
 This Agreement shall be deemed to be terminated in the case of the
sale of the Vessel or if the Vessel becomes a total loss or is declared as a constructive or compromised or arranged total loss or is requisitioned. 
 18.4 For the purpose of sub-clause 18.3 hereof 
  

	 	(i)	 the date upon which the Vessel is to be treated as having been sold or otherwise disposed of shall be the date on which the Owners cease to be
registered as Owners of the Vessel; 

  

	 	(ii)	 the Vessel shall not be deemed to be lost unless either she has become an actual total loss or agreement has been reached with her underwriters in
respect of her constructive, compromised or arranged total loss or if such agreement with her underwriters is not reached it is adjudged by a competent tribunal that a constructive loss of the Vessel has occurred. 

18.5 This Agreement shall terminate forthwith in the event of an order being made or resolution passed for the
winding up, dissolution, liquidation or bankruptcy of either party (otherwise than for the purpose of reconstruction or amalgamation) or if a receiver is appointed, or if it suspends payment, ceases to carry on business or makes any special
arrangement or composition with its creditors. 
 18.6 The termination of this Agreement shall be
without prejudice to all rights accrued due between the parties prior to the date of termination. 
 19. Law and Arbitration 

19.1 This Agreement shall be governed by and construed in accordance with English law and any dispute arising out
of or in connection with this Agreement shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of
this Clause. 
 The arbitration shall be conducted in accordance with the London Maritime Arbitrators
Association (LMAA) Terms current at the time when the arbitration proceedings are commenced. 
 The reference
shall be to three arbitrators. A party wishing to refer a dispute to arbitration shall appoint its arbitrator and send notice of such appointment in writing to the other party requiring the other party to appoint its own arbitrator within 14
calendar days of that notice and stating that it will appoint its arbitrator as sole arbitrator unless the other party appoints its own arbitrator and gives notice that it has done so within the 14 days specified. If the other party does not appoint
its own arbitrator and give notice that it has done so within the 14 days specified, the party referring a dispute to arbitration may, without the requirement of any further prior notice

 

 PART II 
 “Shipman 98” Standard Ship Management Agreement 
  

 
to the other party, appoint its arbitrator as sole arbitrator and shall advise the other party accordingly. The award of a sole arbitrator shall be binding on both parties as if he had been
appointed by agreement. 
 Nothing herein shall prevent the parties agreeing in writing to vary these
provisions to provide for the appointment of a sole arbitrator. 
 In cases where neither the claim nor any
counterclaim exceeds the sum of €50,000 (or such other sum as the parties may agree) the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure current at the time when the arbitration proceedings are commenced.

 19.2 This Agreement shall be governed by and construed in accordance with Title 9 of the United
States Code and the Maritime Law of the United States and any dispute arising out of or in connection with this Agreement shall be referred to three persons at New York, one to be appointed by each of the parties hereto, and the third by the two so
chosen; their decision or that of any two of them shall be final, and for the purposes of enforcing any award, judgement may be entered on an award by any court of competent jurisdiction. The proceedings shall be conducted in accordance with the
rules of the Society of Maritime Arbitrators, Inc. 
 In cases where neither the claim nor any counterclaim
exceeds the sum of USD 50,000 (or such other sum as the parties may agree) the arbitration shall be conducted in accordance with the Shortened Arbitration Procedure of the Society of Maritime Arbitrators, Inc. current at the time when the
arbitration proceedings are commenced. 
 19.3 This Agreement shall be governed by and construed in
accordance with the laws of the place mutually agreed by the parties and any dispute arising out of or in connection with this Agreement shall be referred to arbitration at a mutually agreed place, subject to the procedures applicable there.

 19.4 If Box 18 in Part I is not appropriately filled in, sub-clause 19.1 of this Clause shall apply.

 Note: 19.1, 19.2 and 19.3 are alternatives; indicate alternative agreed in Box 18. 

20. Notices 
 20.1 Any notice to be given by either party to the other party shall be in writing and may be sent by fax, telex, registered or recorded mail or by personal service. 

20.2 The address of the Parties for service of such communication shall be as stated in Boxes 19 and 20,
respectively. 

 
 

 Addendum number 1 to the Standard Ship Management Agreement dated 10.11.2010 

Re.: M/T Windsor Knutsen 

With effect from January 1st 2011 a New Box 15 have been agreed to be: 

USD 365 000 annual to be escalated by 6% annual, first time 01.01.2012 

With effect from July 1st 2012 KNOT Management AS will become new manager and a New Box 3 have been agreed to be: 

Managers: 

Name: KNOT Management AS 
 Place of registered office: Smedasundet 40, 5529 Haugesund, Norway 
 Law
of registry: Haugesund, Norway 
  

					
	Haugesund, July 1st 2012	 		 	
			
	Knutsen OAS Shipping AS	 		 	KNOT Management AS
			
	Old Managers	 		 	New Managers
			
	/s/ TRYGVE SEGLEM	 		 	/s/ TRYGVE SEGLEM
	By CEO Trygve Seglem	 		 	By CEO Trygve Seglem
			
	Knutsen Bøyelaster XI KS	 		 	
			
	Owners	 		 	
			
	/s/ TRYGVE SEGLEM	 		 	
	By Chairman of the Board Trygve Seglem	 		 	

 ADDENDUM NO. 2 
 TO 
 SHIP MANAGEMENT AGREEMENT 

This Addendum No. 2 (this “Addendum”) to the Ship Management Agreement, dated
November 10, 2010, between Knutsen Bøyelaster XI KS, a Norwegian limited partnership (the “Prior Owners”), and Knutsen OAS Shipping AS, a Norwegian private limited liability company (the “Prior
Managers”), as amended by Addendum Number 1 to the Standard Ship Management Agreement, dated July 1, 2012, between the Prior Owners, the Prior Managers and KNOT Management AS, a Norwegian private limited liability company (the
“Managers” and such agreement, as amended, the “Agreement”), is made as of February 21, 2013, between the Prior Owners, the Managers and KNOT Shuttle Tankers 18 AS (the
“Owners”). 
 RECITALS 

WHEREAS, the Prior Owners, the Managers and the Owners desire that as of the date on which the Vessel (as defined in the
Agreement) is registered in the name of the Owners in the appropriate registry (the “Effective Date”), the Owners shall be substituted for the Prior Owners under the Agreement, where upon the Prior Owners shall be relieved of
their rights, obligations and liabilities thereunder, and the Owners shall assume the same; and 
 WHEREAS, the
Owners and the Managers wish to amend certain provisions of the Agreement and agree that such amendments shall take effect as of the Effective Date. 
 AGREEMENT 
 NOW, THEREFORE, for and in consideration of
good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties’ execution and delivery hereof, the parties agree as follows: 

Section 1. Substitution for Prior Owners. With effect as of the Effective Date, each party to this
Addendum agrees that: (a) the Owners shall be substituted for the Prior Owners as the “Owners” in the Agreement, and the Agreement shall be construed and treated in all respects as if the Owners were named therein instead of the Prior
Owners, including, for the avoidance of doubt, in Box 2 of the Agreement; (b) the Owners shall assume all rights, obligations and liabilities of the Prior Owners under the Agreement, including payment of all costs and fees calculated from the
Effective Date and (c) the Managers shall be released from all rights, obligations and liabilities owed to the Prior Owners under the Agreement, and the Managers shall release the Owners from all obligations and liabilities under the Agreement
(save for payment of costs and fees accrued up to the Effective Date). 
 Section 2. Amendments to
the Agreement. With effect as of the Effective Date, the Agreement shall be modified as follows: 

2.1 Box 7 of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Yes” 

 2.2 Box 12 of the Agreement is hereby amended and restated in its
entirety to read as follows: 
 “Yes” 

2.3 Box 13 of the Agreement is hereby amended and restated in its entirety to read as follows: 

“Until the Agreement is terminated” 

2.4 Box 18 of the Agreement is hereby amended and restated in its entirety to read as follows: 

“19.3 Norwegian law, Haugesund as place of arbitration” 

2.5 The paragraph located above the signature block on page 1 of the Agreement is hereby amended and restated in
its entirety to read as follows: 
 “It is mutually agreed between the party stated in Box 2 and the party
stated in Box 3 that this Agreement consisting of PART I and PART II, as well as Annexes “A” (Details of Vessel), “B” (Details of Crew) and “C” (Budget) attached hereto, shall be performed subject to the conditions
contained herein. In the event of a conflict of conditions, the provisions of PART I and Annexes “A”, “B” and “C” shall prevail over those of PART II to the extent of such conflict but no further.” 

2.6 Sub-clause 3.2 of the Agreement is hereby amended and restated in its entirety to read as follows: 

“The Managers shall provide technical management, which includes, but is not limited to, the following functions:

  

	 	(i)	 provision of competent personnel to supervise the maintenance and general efficiency of the Vessel; 

 

	 	(ii)	 arrangement and supervision of dry dockings, repairs, alterations and the upkeep of the Vessel to the standards required by the Owners, provided
that the Managers shall be entitled to incur the necessary expenditure to ensure that the Vessel will comply with the law of the flag of the Vessel and of the places where she trades and all requirements and recommendations of the classification
society; 

  

	 	(iii)	 arrangement of the supply of necessary stores, spares and lubricating oil; 

 

	 	(iv)	 appointment of surveyors and technical consultants as the Managers may consider from time to time to be necessary; 

 

	 	(v)	 development, implementation and maintenance of a Safety Management System (SMS) in accordance with the ISM Code (see sub-clauses 4.2 and 5.3);

  

	 	(vi)	 arrangement of the lay-up of the Vessel; and 

  

	 	(vii)	 arrangement of the loading and discharging and all related matters, subject to the provisions of the time charter. 

  
 2 

 2.7 Sub-clause 9.3 of the Agreement is hereby amended and restated in
its entirety to read as follows: 
 “Following the agreement of the budget, the Managers shall prepare and
present to the Owners their estimate of the working capital requirement of the Vessel and the Managers shall each quarter update this estimate. Based thereon, the Managers shall each quarter request the Owners in writing for the funds required to
run the Vessel for the ensuing quarter, including the payment of any occasional or extraordinary item of expenditure, such as emergency repair costs, additional insurance premiums, bunkers or provisions. Such funds shall be received by the Managers
within 60 running days after the receipt by the Owners of the Managers’ written request and shall be held to the credit of the Owners in a separate bank account.” 

2.8 Sub-clause 11.2(i) of the Agreement is hereby amended and restated in its entirety to read as follows:

 “Without prejudice to sub-clause 11.1, the Managers shall be under no liability whatsoever to the Owners
for any loss, damage, delay or expense of whatsoever nature, whether direct or indirect, including, but not limited to, loss of profit arising out of or in connection with detention of or delay to the Vessel and howsoever arising in the course of
performance of the Management Services (such loss, damage, delay or expense, a “Loss”); provided, however, that if such Loss is proved to be caused by or due to the fraud, gross negligence or willful misconduct of the Managers, the
Managers shall be liable for any claim or claims in connection with such Loss in an amount not to exceed ten times the annual management fee payable hereunder.” 

2.9 Sub-clause 18.1(i) of the Agreement is hereby amended and restated in its entirety to read as follows:

 “The Managers shall be entitled to terminate the Agreement with immediate effect by notice in writing if
any moneys payable by the Owners under this Agreement shall not have been received in the Managers’ nominated account within 60 running days of receipt by the Owners of the Managers’ written request or if the Vessel is repossessed by the
Mortgagees.” 
 2.10 The Agreement is hereby amended by adding Annex “A,” in the form
attached hereto as Exhibit A, Annex “B,” in the form attached hereto as Exhibit B, and Annex “C,” in the form attached hereto as Exhibit C, at the end thereof. 

Section 3. No Other Changes. Except as specifically set forth in this Addendum, the terms and
provisions of the Agreement shall remain unmodified, and the Agreement is hereby confirmed by the parties in full force and effect as amended herein. The Agreement (as amended by this Addendum) constitutes the entire understanding of the parties
with respect to the subject matter thereof, and no other covenants have been made by either party to the other. 

Section 4. Counterparts. This Addendum may be executed in one or more counterparts, all of which shall
be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party, it being understood that all parties need not sign the same counterpart.

  
 3 

 Section 5. Severability. If any provision of this
Addendum is held to be unenforceable under applicable law, such provision shall be excluded from this Addendum and the balance of this Addendum shall be interpreted as if such provision was so excluded and shall be enforceable in accordance with its
terms. 
 [Signature Page Follows.] 

  
 4 

 IN WITNESS WHEREOF, the parties have executed this Addendum as of the date
first above written. 
  

			
	PRIOR OWNERS
	
	KNUTSEN BØYELASTER XI KS
		
	By:	 	 /S/ TRYGVE SEGLEM

	Name:	 	 Trygve Seglem

	Title:	 	 Chairman of the Board

	
	MANAGERS
	
	KNOT MANAGEMENT AS
		
	By:	 	 /S/ TRYGVE SEGLEM

	Name:	 	 Trygve Seglem

	Title:	 	 Chairman of the Board

	
	OWNERS
	
	KNOT SHUTTLE TANKERS 18 AS
		
	By:	 	 /S/ TRYGVE SEGLEM

	Name:	 	 Trygve Seglem

	Title:	 	 Chairman of the Board

 Signature Page to 
 Addendum No. 2 to Ship Management Agreement 

 Exhibit A 

Annex “A” 
 [See Attached.] 

  
 Exhibit
A 

 ANNEX “A” (DETAILS OF VESSEL OR VESSELS) TO 

THE BALTIC AND INTERNATIONAL MARITIME COUNCIL (BIMCO) 
 STANDARD SHIP MANAGEMENT AGREEMENT-CODE NAME: “SHIPMAN 98” 
  

 
 Windsor Knutsen 162,000 DWT
Crude tanker 
  

			
	Vessel Particular
	Owner;	  	 Knutsen
Bøyelaster XI KS
  

	Manager;	  	 KNOT Management
AS
  

	Built;	  	 2007
DSME
  

	Class	  	 DNV: + 1A1
Tanker for oil ESP, NAUTICUS (Newbuilding) E0, SPM, TMON, VCS-2, DAT(-30), ICE-1A, DYNPOS-AUTR, BOW LOADING, F-AMC,

 

  

									
	Tonnage
	
Deadweight
  
	 	162,258 ton	 	 	 	LOA	  	284,7 m
	 GRT

 
	 	88,704 ton	 	 	 	LBP	  	271,2 m
	 NRT

 
	 	51,210 ton	 	 	 	Breadth	  	50,0 m
	
Displacement (Summer)
  
	 	175,880 ton	 	 	 	Depth	  	23,0 m
	 Lightship
weight
  
	 	27,638 ton	 	 	 	Draught	  	16,5
m

  

									
	Tanks
	 Cargo tanks 3
segregations
  
	 	12 + 2 slop tanks	 	 	 	Fuel oil capacity	  	4,385 m3
	 Cargo tank
capacity 98%
  
	 	176,118 m3	 	 	 	Diesel oil capacity	  	295 m3
	 Slop tank
capacity
  
	 	2,662 m3	 	 	 	Fresh water capacity	  	428 m3
	 Cargo
heating
  
	 	Heating coil in tanks	 	 	 	Ballast	  	56,574 m3
	
Coating
  
	 	Fully coated	 	 	 	 	  	 

			
	Pumps
	 Cargo
pumps
  
	  	3 x 3.700 m3/h (cargo manifold design rate 14.400 m3/h)
	
Offloading capacity
  
	  	11.100 m3/h
	 Ballast
pumps
  
	  	2 x 2.500 m3/h

 

			
	Propulsion and power generation
	 Main
engine
  
	  	Man B&W 7S70 ME-C 21,770 kW at 91 rpm
	 Thrusters
(Bow)
  
	  	One (1) 1.800 kW & One (1) 2.200 kW
	
Azimuths (retractable)
  
	  	One (1) 2.200 kW in bow area, Two (2) 2.200 kW in aft
area
	Auxiliaries	  	 Three (3) 980
kW at 900 rpm
  
 Four (4) 2.800 kW at 720 rpm

 

	Electrical	  	 440 V and 6,6
kV
  

	Emergency generator	  	 220 kW at 1200
rpm
  

		
		  	
	Auxiliaries
	
Boilers
  
	  	Two (2) 40,000 kg/h 16 bar
	 Inert gas
system
  
	  	Flue gas system 13,900 m3/h
	 Fresh water
generator
  
	  	1 x 30 ton /day
	 	 
	 	  	 
	Material handling
	 Hose handling
cranes
  
	  	Two (2) x 20 ton
	 Provision
cranes
  
	  	Two (2) x 7 ton
	 BLS
Crane
  
	  	One (1) x 5 ton
		
		  	
	Accommodation and lifesaving
	 Accommodation
capacity
  
	  	32 single cabins w/ toilets + 6 Suez crew
	
Lifeboats
  
	  	2 x 36 pers
	Life rafts	  	4 x 20 persons and 1 x 6 persons

 Exhibit B 

Annex “B” 
 [See Attached.] 

  
 Exhibit
B 

 ANNEX “B” (DETAILS OF CREW) TO 
 THE BALTIC AND INTERNATIONAL MARITIME COUNCIL (BIMCO) 
 STANDARD SHIP MANAGEMENT AGREEMENT-CODE
NAME: “SHIPMAN 98” 
  
  

Details of Crew: 
 For WINDSOR KNUTSEN

 MANNING 
  

					
	 POSITION
	  	 NO. OF CREW
	  	 NATIONALITY

	Master	  	1	  	Norwegian
	Chief Officer	  	1	  	Norwegian
	2nd Officer	  	1	  	Norwegian
	3rd Officer	  	2	  	Filipino
	Bosun	  	1	  	Filipino
	AB	  	3	  	Filipino
	OS	  	2	  	Filipino
	Chief Cook	  	1	  	Filipino
	Messman	  	1	  	Filipino
	Chief Engineer	  	1	  	Norwegian (Polish/EU)
	2nd Engineer	  	1	  	Filipino
	3rd Engineer	  	1	  	Filipino
	Electrician	  	1	  	Polish
	Motorman	  	1	  	Filipino
	Oiler	  	1	  	Filipino
	Fitter	  	1	  	Filipino

 Exhibit C 

Annex “C” 
 [See Attached.] 

  
 Exhibit
C 

 ANNEX “C” (BUDGET) TO 
 THE BALTIC AND INTERNATIONAL MARITIME COUNCIL (BIMCO) 
 STANDARD SHIP MANAGEMENT AGREEMENT-CODE
NAME: “SHIPMAN 98” 
  
  

Manager’s Budget for the 2013: 

WINDSOR KNUTSEN 
  

									
	DESCRIPTION	  	USD PER DAY	 	  	USD PER YEAR	 
			
	 1.      Technical Expenses
	  	 	4 581	  	  	 	1 672 050	  
	 2.      Victually
	  	 	330	  	  	 	120 450	  
	 3.      Lubrication oils
	  	 	575	  	  	 	210 000	  
	 4.      Manning
	  	 	9 674	  	  	 	3 531 008	  
	 5.      Insurance
	  	 	1 410	  	  	 	514 655	  
	 6.      Management fee
	  	 	1 192	  	  	 	435 114	  
	 Total
	  	 	17 762	  	  	 	6 483 277EX-10.11

 Exhibit 10.11 
 SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****). 
  

							
	  
 

  
	 	 1.   Shipbroker
 Brazilship Scanbrasil Comércio
Marítimo Ltda.
 Rio de Janeiro
	  	 THE BALTIC AND INTERNATIONAL MARITIME COUNCIL (BIMCO)

STANDARD BAREBOAT CHARTER
 CODE NAME:
“BARECON 89”
	  	

	 	  	 2.   Place and date
 14.11.2007

	 	
3.   Owners/Place of business

Knutsen Shuttle Tankers XII KS, Smedasundet 40, 5519 Haugesund, Norway
	  	 4.   Bareboat charterers (Charterers) Place of business

Fronape International Company
 PO Box 714
 Georgetown, Grand Cayman

Cayman Islands
 or
 Petrobras Transporte S.A. – Transpetro

Av. Presidente Vargas, 328
 20091-060 Rio de Janeiro, RJ
 Brazil

	 	 5.   Vessel’s name, Call Sign and Flag (Cl. 9(c))

Vessel data to be informed – Flag: Isle of Man – N255

	 	
6.   Type of vessel
 MOTORTANKER/SHUTTLE TANKER
	  	 7.   GRT/NRT
 To be informed

	 	
8.   When/Where built
 Cosco (Nantong) Shipyard Ltd. Co.
	  	 9.   Total DWT (abt.) in metric tons on summer freeboard

105.000 dwt.

	 	 10. Class
(Cl.9)
 DNV 1A1 “tanker for oil ESP”, CSR, NAUTICUS (new building), DYNPOS-AUTR, OPP-F, ISC, BOW
LOADING, SPM, F-AMC
	  	 11. Date of last special survey by the Vessel’s classification society

DELETED

	 	 12. Further particulars of Vessel (also indicate minimum number of months’ validity of class certificates agreed acc. to Cl. 14)

SEE CLAUSE 33 AND ATTACHMENT A.
 ON REDELIVERY CLASS CERTIFICATES TO BE VALID FOR AT LEAST 6 MONTHS.

	 	 13. Port or Place
of delivery (Cl.2)
 COSCO (NANTONG) SHIPYARD, Nantung, CHINA
	  	 14. Time for
delivery (Cl.3)
 1 qtr 2011
 SEE CLAUSE 32.
	  	
15. Cancelling date (Cl.4)

3 qtr 2011
 SEE ALSO CLAUSE 34.

	 	 	  	 16. Port or Place of redelivery (Cl. 14)
 IN CHARTERERS OPTION
ONE SAFE PORT BRAZIL, USGULF, UKC, MED.

	 	 17. Running
days’ notice if other than stated in Cl. 3
 N/A
	  	 18. Frequency of dry-docking if other than stated in Cl. 9(f)

ACCORDING TO CLASS REQUIREMENTS.

	 	 19. Trading Limits (Cl.5)
 WORLD WIDE WITHIN IWL, EXCLUDING
COUNTRIES UNDER EMBARGO BY U.N. AND U.S.A. THE VESSEL SHALL NOT BREAK ICE OR FOLLOW ICEBREAKER.

	 	 20. Charter
period
 12 YEARS
	  	 21. Charter hire (Cl.10)
 US DOLLAR ***** PER DAY. SEE ALSO
CLAUSE 29.

	 	 22. Rate of
interest payable acc. to Cl. 10(f) and, if applicable, acc. to
PART IV
 N/A
	  	 23. Currency and method of payment (Cl.10)
 U.S. DOLLAR PAYABLE
MONTHLY IN ADVANVE.

	 	 24. Place of
payment; also state beneficiary and bank account (Cl.10)
 Bank account number (to be advised) in DnBNor ASA in
favour of Knutsen Shuttle Tankers XII KS.
	  	 25. Bank guarantee/bond (sum and place) (Cl.22) (optional)
 SEE
CLAUSE 30.

	 	 26. Mortgage(s),
if any, (state whether Cl.11(a) or (b) applies; if 11(b) applies state date of Deed(s) of Covenant and name of Mortgagee(s)/Place of business)(Cl.11)

SEE CLAUSE 11.
	  	 27. Insurance (marine and war risks) (state value acc. to Cl.12(f) or, if applicable, acc. to Cl. 13(k)) (also state if Cl.13 applies)

USD 130.000.000, clause 12 to apply.

	 	 28. Additional
insurance cover, if any, for Owners’ account limited to (Cl.12(b)) or, if applicable, (Cl 13(g))

N/A
	  	 29. Additional insurance cover, if any, for Charterers’ account limited to (Cl.12(b)) or, if applicable, (Cl.13(g))

N/A

	 	 30. Latent defects
(only to be filled in if period other than stated in Cl. 2)
 N/A
	  	 31. War cancellation (indicate countries agreed) (Cl.24)

Brazil, Norway and USA.

	 	 32. Brokerage commission and to whom payable (Cl.25)
 AS PER
AGREEMENT.

	 	 33. Law and
arbitration (state 26.1, 26.2, or 26.3 of Cl.26 as agreed; if 26.3, agreed, also state place of arbitration) (Cl.26)
 AS PER CLAUSE 26.1
	  	 34. Number of additional clauses covering special provisions, if agreed

ADDITIONAL CLUSES CL. 27 - 38 AND ATTACHMENT “A” ARE DEEMED PART OF THIS CHARTER PARTY.

	 	 35. Newbuilding
Vessel (indicate with “yes” or “no” whether Part III applies) (optional)

N/A
	  	 36. Name and place of Builders (only to be filled in if Part III applies)
 N/A

 This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the
form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss,
damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document. 

			
	 37. Vessel’s Yard Building No.
(only to be filled in if Part III applies)
 N/A
	  	 38. Date of Building Contract (only to be filled in if Part III applies)
 N/A

	 39  Hire/Purchase agreement
(indicate with “yes” or “no” whether Part IV applies) (optional)
 N/A
	  	 40. Bareboat Charter Registry (indicate with “yes” or “no” whether Part V applies) (optional)
 YES

	 41. Flag and Country of the Bareboat
Charter Registry (only to be filled in if Part V applies)
 REGISTRO ESPECIAL BRASILEIRO –
BRAZIL
	  	 42. Country of the Underlying Registry (only to be filled in if Part V applies)
 Isle of Man.

	
	 PREAMBLE.—It is mutually agreed that this Contract shall be performed subject to the conditions
contained in this Charter which shall include PART I and PART II. In the event of a conflict of conditions, the provisions of PART I shall prevail over those of PART II to the extent of such conflict but no further. It is
further mutually agreed that PART III and/or PART IV and/or PART V shall only apply and shall only form part of this Charter if expressly agreed and stated in Boxes 35, 39 and 40. If PART III and/or
PART IV and/or PART V apply, it is further mutually agreed that in the event of a conflict of conditions, the provisions of PART I and PART II shall prevail over those of PART III and/or PART IV and/or PART V to
the extent of such conflict but no further.
  

	 Signature (Owners)

 
 /s/ TRYGVE
SEGLEM                                        
                

Trygve Seglem
 Managing Director
	  	 Signature
(Charterers)
  
 /s/ JOSE SERGIO DE OLIVEIRA
MACHADO                                    

Jose Sergio de Oliveira Machado

President
 Fronape International
Company
  
 /s/ AGENOR CESAR JUNQUEIRA
LEITE                                        
  
 Agenor Cesar Junqueira Leite
 Director
 Petrobras Transporte, S.A.

 This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the
form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss,
damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document. 

 PART II 
 “BARECON 89” Standard Bareboat Charter 

 

	1.	Definitions 

 In this
Charter, the following terms shall have the meanings hereby assigned to them: 
 “The Owners” shall mean the
person or company registered as Owners of the Vessel. Mentioned in Box 3. 
 “The
Charterers” shall mean the Bareboat charterers and shall not be construed to mean a time charterer or a voyage charterer. 
  

	2.	Delivery (not applicable to newbuilding vessels) 

 The Vessel shall be delivered and taken over by the Charterers at the port or place indicated in Box 13, in such ready berth as the Charterers may direct. See Clause 32.

 The Owners shall before and at the time of delivery exercise due diligence to make the Vessel seaworthy and in every respect
ready in hull, machinery and equipment for service under this Charter. The Vessel shall be properly documented at time of delivery. 
 The delivery to the Charterers of the Vessel and the taking over of the Vessel by the Charterers shall constitute a full performance by the Owners of all the Owners’ obligations under Clause
2, and thereafter the Charterers shall not be entitled to make or assert any claim against the Owners on account of any conditions, representations or warranties expressed or implied with respect to the Vessel but the Owners shall be responsible
for repairs or renewals occasioned by latent defects in the Vessel, her machinery or appurtenances, existing at the time of delivery under the Charter, provided such defects have manifested themselves within 18 months after delivery unless otherwise
provided in Box 30. 
  

	3.	Time for Delivery (not applicable to newbuilding vessels) 

 The Vessel to be delivered not before the date indicated in Box 14 unless with the Charterers’ consent. 
 Unless otherwise agreed in Box 17, the Owners to give the Charterers not less than 30 running days’ preliminary and not less than 14 days’ definite notice of the date on which the Vessel
is expected to be ready for delivery. 
 The Owners to keep the Charterers closely advised of possible changes in the
Vessel’s position. 
  

	4.	Cancelling (not applicable to newbuilding vessels) 

 Should the Vessel not be delivered latest by the cancelling date indicated in Box 15, the Charterers to have the option of cancelling this Charter without prejudice to any claim the Charterers may
otherwise have on the Owners under the Charter. 
 If it appears that the Vessel will be delayed beyond the cancelling date,
the Owners shall, as soon as they are in a position to state with reasonable certainty the day on which the Vessel should be ready, give notice thereof to the Charterers asking whether they will exercise their option of cancelling, and the option
must then be declared within one hundred and sixty-eight (168) hours of the receipt by the Charterers of such notice. If the Charterers do not then exercise their option of cancelling, the seventh day after the readiness date stated in the
Owners’ notice shall be regarded as a new cancelling date for the purpose of this Clause. See also Clause 34. 
  

	5.	Trading Limits 

 The
Vessel shall be employed in lawful trades for the carriage of suitable lawful merchandise within the trading limits indicated in Box 19. The Charterers undertake not to employ the Vessel or suffer the Vessel to be employed otherwise than in
conformity with the terms of the instruments of insurance (including any warranties expressed or implied therein) without first obtaining the consent to such employment of the Insurers and complying with such requirements as to extra premium or
otherwise as the Insurers may prescribe. If required, the Charterers shall keep the Owners and the Mortgagees advised of the intended employment of the Vessel. 
 The Charterers also undertake not to employ the Vessel or suffer her employment in any trade or business which is forbidden by the law of any country to which the Vessel may sail or is otherwise illicit
or in carrying illicit or prohibited goods or in any manner whatsoever which may render her liable to condemnation, destruction, seizure or confiscation. 
 Notwithstanding any other provisions contained in this Charter it is agreed that nuclear fuels or radioactive products or waste are specifically excluded from the cargo permitted to be loaded or carried
under this Charter. This exclusion does not apply to radio-isotopes used or intended to be used for any industrial, commercial, agricultural, medical or scientific purposes provided the Owners’ prior approval has been obtained to loading
thereof. 
  

	6.	Surveys (not applicable to newbuilding vessels) 

 Survey on Delivery and Redelivery. - The Owners and Charterers shall each appoint surveyors for the purpose of determining and agreeing in writing the condition of the Vessel at the time of
delivery and redelivery hereunder. The Owners shall bear all expenses of the On-Survey including loss of time, if any, and the Charterers shall bear all expenses of the Off-Survey including loss of

 time, if any, at the rate of hire per day or pro rata, also including in each case the
cost of any docking and undocking, if required, in connection herewith. As per Clause 27, Clause 6 to apply only at Redelivery. 
  

	7.	Inspection 

Inspection. - The Owners shall have the right at any time to inspect or survey the Vessel or instruct a duly authorised
surveyor to carry out such survey on their behalf to ascertain the condition of the Vessel and satisfy themselves that the Vessel is being properly repaired and maintained. Inspection or survey in dry-dock shall be made only when the Vessel shall be
in dry-dock for the Charterers’ purpose. However, the Owners shall have the right to require the Vessel to be dry-docked for inspection if the Charterers are not docking her at normal classification intervals. The fees for such inspection or
survey shall in the event of the Vessel being found to be in the condition provided in Clause 9 of this Charter be payable by the Owners and shall be paid by the Charterers only in the event of the Vessel being found to require repairs or
maintenance in order to achieve the condition so provided. All time taken in respect of inspection, survey or repairs shall count as time on hire and shall form part of the Charter period. 

The Charterers shall also permit the Owners to inspect the Vessel’s log books whenever requested and shall whenever required by the
Owners furnish them with full information regarding any casualties or other accidents or damage to the Vessel. For the purpose of this Clause, the Charterers shall keep the Owners advised of the intended employment of the Vessel. 

 

	8.	Inventories and Consumable Oil and Stores 

 A complete inventory of the Vessel’s entire equipment, outfit, appliances and of all consumable stores on board the Vessel shall be made by the Charterers in conjunction with the Owners on delivery
and again on redelivery of the Vessel. The Charterers and the Owners, respectively, shall at the time of delivery and redelivery take over and pay for all bunkers, lubricating oil, water and unbroached provisions, paints, oils, ropes and
other consumable stores in the said Vessel at actual documented cost. The Charterers shall redeliver the vessel with about the same quantity and quality of unbroached provisions, paints, oils, ropes and other consumable stores as the vessel
had onboard at delivery. the then current market prices at the ports of delivery and redelivery, respectively. 
  

	9.	Maintenance and Operation 

 (a) The Vessel shall during the Charter period be in the full possession and at the absolute disposal for all purposes of the Charterers and under their complete control in every respect. The Charterers
shall maintain the Vessel, her machinery, boilers, appurtenances and spare parts in a good state of repair, in efficient operating condition and in accordance with good commercial maintenance practice and, except as provided for in Clause 13
(I), they shall keep the Vessel with unexpired classification of the class indicated in Box 10 and with other required certificates in force at all times. 
 The Charterers to take immediate steps to have the necessary repairs done within a reasonable time failing which the Owners shall have the right of withdrawing the Vessel from the service of the
Charterers without noting any protest and without prejudice to any claim the Owners may otherwise have against the Charterers under the Charter. 
 Unless otherwise agreed, in the event of any improvement, structural changes or expensive new equipment becoming necessary for the continued operation of the Vessel by reason of new class requirements or
by compulsory IMO legislation costing more than 5 per cent. of the Vessel’s marine insurance value as stated in Box 27, then the extent, if any, to which the rate of hire shall be varied and the ratio in which the cost of compliance
shall be shared between the parties concerned in order to achieve a reasonable distribution thereof as between the Owners and the Charterers having regard, inter alia, to the length of the period remaining under the Charter, shall in the absence of
agreement, be referred to arbitration according to Clause 26. The Charterers are required to establish and maintain financial security or responsibility in respect of oil or other pollution damage as required by any government, including
Federal, state or municipal or other division or authority thereof, to enable the Vessel, without penalty or charge, lawfully to enter, remain at, or leave any port, place, territorial or contiguous waters of any country, state or municipality in
performance of this Charter without any delay. This obligation shall apply whether or not such requirements have been lawfully imposed by such government or division or authority thereof. The Charterers shall make and maintain all arrangements by
bond or otherwise as may be necessary to satisfy such requirements at the Charterers’ sole expense and the Charterers shall indemnify the Owners against all consequences whatsoever (including loss of time) for any failure or inability to do so.

 TOVALOP SCHEME. (Applicable to oil tank vessels only). - The Charterers are required to enter the Vessel under
the TOVALOP SCHEME or under any similar compulsory scheme upon delivery under this Charter and to maintain her so during the currency of this Charter.

 

  

			
	This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any
modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies
between the original BIMCO approved document and this computer generated document.

 PART II 
 “BARECON 89” Standard Bareboat Charter 

 

	(b)	The Charterers shall at their own expense and by their own procurement man, victual, navigate, operate, supply, fuel and repair the Vessel whenever required during the
Charter period and they shall pay all charges and expenses of every kind and nature whatsoever incidental to their use and operation of the Vessel under this Charter, including any foreign general municipality and/or state taxes. The Master,
officers and crew of the Vessel shall be the servants of the Charterers for all purposes whatsoever, even if for any reason appointed by the Owners. 

 Charterers shall comply with the regulations regarding officers and crew in force in the country of the Vessel’s flag or any other applicable law. 

(c) During the currency of this Charter, the Vessel shall retain her present name as indicated in Box 5 and shall remain under
and fly the flag as indicated in Box 5, until provisions of Part V applies. Provided, however, that the Charterers shall have the 
 liberty to paint the Vessel in their own colours, install and display their funnel insignia and fly their own house flag. Painting and re-painting, instalment and re-instalment and change of flag to be
for the Charterers’ account and time used thereby to 
 count as time on hire. 

(d) The Charterers shall make no structural changes in the Vessel or changes in the machinery, boilers, appurtenances or spare parts
thereof without in each instance first securing the Owners’ approval thereof. If the Owners so agree, the Charterers shall, if the Owners so require, restore the Vessel to its former condition before the termination of the Charter. 

(e) The Charterers shall have the use of all outfit, equipment, and appliances on board the Vessel at the time of delivery, provided the
same or their substantial equivalent shall be returned to the Owners on redelivery in the same good order and condition as when received, ordinary wear and tear excepted. The Charterers shall from time to time during the Charter period replace such
items of equipment as shall be so damaged or worn as to be unfit for use. The Charterers are to procure that all repairs to or replacement of any damaged, worn or lost parts or equipment be effected in such manner (both as regards workmanship and
quality of materials) as not to diminish the value of the Vessel. The Charterers have the right to fit additional equipment at their expense and risk but the Charterers shall remove such equipment at the end of the period if requested by the Owners.

 Any equipment including radio equipment on hire on the Vessel at time of delivery shall be kept and maintained by the
Charterers and the Charterers shall assume the obligations and liabilities of the Owners under any lease contracts in connection therewith and shall reimburse the Owners for all expenses incurred in connection therewith, also for any new equipment
required in order to comply with radio regulations. 
 (f) The Charterers shall dry-dock the Vessel and clean and paint her
underwater parts whenever the same may be necessary, but not less than once in every eighteen calendar months after delivery unless otherwise agreed in Box 18. 
  

	10.	Hire 

 (a) The
Charterers shall pay to the Owners for the hire of the Vessel at the lump sum per calendar month as indicated in Box 21 commencing on and from the date and hour of her delivery to the Charterers and at and after the agreed lump sum for any
part of a month. Hire to continue until the date and hour when the Vessel is redelivered by the Charterers to her Owners. 

(b) Payment of Hire, except for the first and last month’s Hire, if sub-clause 

(c) of this Clause is applicable, shall be made in cash without discount every month in advance on the first day of each month in the
currency and in the manner indicated in Box 23 and at the place mentioned in Box 24. 
 (c) Payment of Hire for
the first and last month’s Hire if less than a full month shall be calculated proportionally according to the number of days in the particular calendar month and advance payment to be effected accordingly. 

(d) Should the Vessel be lost or missing, Hire to cease from the date and time when she was lost or last heard of. Any Hire paid in
advance to be adjusted accordingly. 
 (e) Time shall be of the essence in relation to payment of Hire hereunder. In default of
payment beyond a period of seven running days, the Owners shall have the right to withdraw the Vessel from the service of the Charterers without noting any protest and without interference by any court or any other formality whatsoever, and shall,
without prejudice to any other claim the Owners may otherwise have against the Charterers under the Charter, be entitled to damages in respect of all costs and losses incurred as a result of the Charterers’ default and the ensuing withdrawal of
the Vessel. 
 (f) Any delay in payment of Hire shall entitle the Owners to an interest at the rate per annum as agreed in
Box 22. If Box 22 has not been filled in the current market rate in the country where the Owners have their Principal

 Place of Business shall apply. 

 

	11.	Mortgage 

*) (a) Owners warrant that they have not effected any mortgage of the Vessel. At the time of entering into
this charter party the Owners have not effected any mortgage over the Vessel. However, Owners may prior to delivery hereunder finance the vessel and a mortgage (s). and the relevant Deed(s) of Covenant and Quiet Enjoyment Letter, the terms of which
shall not adversely affect the Charterers right to quite enjoyment of the vessel or which shall not be otherwise unreasonably onerous for Charterers, will be submitted to the Charterers for their approval prior to delivery of the Vessel. Charterers
shall give their approval or reasonable rejection of the proposed mortgage within 15 working days of receipt of relevant wording. If Charterers do not revert within the said period then approval shall be deemed to have been given and Charterers are
obliged to sign the Dee (s) of Covenant and accept the Quiet Enjoyment Letter as set out below. 
 The following is
subject to Charterers approval, which shall be given after the Charterers have reviewed the Deed(s) of Covenant and Quiet Enjoyment Letter, but prior to delivery of the Vessel hereunder, such approval shall not be unreasonably withheld:

 By their counter-signature on the Deed(s) of Covenant prior to delivery of the Vessel hereunder, the Charterers
undertake to have acquainted themselves with all terms, conditions and provisions of the said Deed(s) of Covenant. The Charterers undertake that they will comply with all such instructions or directions in regard to the employment, insurance,
repairs and maintenance of the Vessel, etc., as laid down in the Deed(s) of Covenant or as may be directed from time to time during the currency of the Charter by the Mortgagee(s) in conformity with the Deed(s) of Covenant. 

Charterers counter-signature on the Deed(s) of Covenant is conditioned to Mortgagee providing the Quiet Enjoyment Letter signed and
valid. 
 The Oners warrant that they will not effect any mortgagee(s) other than in accordance with the terms of this
Clause 11. 
  

	*)(b)	The Vessel chartered under this Charter is financed by a mortgage according to the Deed(s) of Covenant annexed to this Charter and as stated in Box 26. By their
counter-signature on the Deed(s) of Covenant, the Charterers undertake to have acquainted themselves with all terms, conditions and provisions of the said Deed(s) of Covenant. The Charterers undertake that they will comply with all such instructions
or directions in regard to the employment, insurances, repairs and maintenance of the Vessel, etc., as laid down in the Deed(s) of Covenant or as may be directed from time to time during the currency of the Charter by the Mortgagee(s) in conformity
with the Deed(s) of Covenant. (c) The Owners warrant that they have not effected any mortgage(s) other than stated in Box 26 and that they will not effect any other mortgage(s) without the prior consent of the Charterers.

	*)	(Optional Clauses 11(a) and 11(b) are alternatives; indicate alternative agreed in Box 26). 

 

	12.	Insurance and Repairs 

(a) During the Charter period the Vessel shall be kept insured by the Charterers at their expense against marine, war and Protection and
Indemnity risks in such form as the Owners shall in writing approve, which approval shall not be unreasonably withheld. Such marine war and P. and I. insurances shall be arranged by the Charterers to protect the interests of both the Owners and the
Charterers and mortgagees (if any), and the Charterers shall be at liberty to protect under such insurances the interests of any managers they may appoint. All insurance policies shall be in the joint names of the Owners and the Charterers as their
interests may appear. 
 If the Charterers fail to arrange and keep any of the insurances provided for under the provisions of
sub-clause (a) above in the manner described therein, the Owners shall notify the Charterers whereupon the Charterers shall rectify the position within seven running days, failing which Owners shall have the right to withdraw the Vessel from the
service of the Charterers without prejudice to any claim the Owners may otherwise have against the Charterers. 
 The
Charterers shall, subject to the approval of the Owners and the Underwriters, effect all insured repairs and shall undertake settlement of all costs in connection with such repairs as well as insured charges, expenses and liabilities (reimbursement
to be secured by the Charterers from the Underwriters) to the extent of coverage under the insurances herein provided for. 

The Charterers also to remain responsible for and to effect repairs and settlement of costs and expenses incurred thereby in respect of
all other repairs not covered by the insurances and/or not exceeding any possible franchise(s) or deductibles provided for in the insurances. 
 All time used for repairs under the provisions of sub-clause (a) of this Clause

 

  
 This document is a computer generated
BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO
approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document. 

 PART II 
 “BARECON 89” Standard Bareboat Charter 

 

 and for repairs of latent defects according to Clause 2 above including any
deviation shall count as time on hire and shall form part of the Charter period. (b) If the conditions of the above insurances permit additional insurance to be placed by the parties, such cover shall be limited to the amount for each party set out
in Box 28 and Box 29, respectively. The Owners or the Charterers as the case may be shall immediately furnish the other party with particulars of any additional insurance effected, including copies of any cover notes or policies and
the written consent of the insurers of any such required insurance in any case where the consent of such insurers is necessary. 
 (c) Should the Vessel become an actual, constructive, compromised or agreed total loss under the insurances required under sub-clause (a) of Clause 12, all insurance payments for such loss
shall be paid to the Mortgagee, if any, in the manner described in the Deed(s) of Covenant, who shall distribute the moneys between themselves, the Owners and the Charterers according to their respective interests. The Charterers undertake to notify
the Owners and the Mortgagee, if any, of any occurrences in consequence of which the Vessel is likely to become a Total Loss as defined in this Clause. 
 (d) If the Vessel becomes an actual, constructive, compromised or agreed total loss under the insurances arranged by the Charterers in accordance with sub-clause (a) of this Clause, this Charter
shall terminate as of the date of such loss. 
 (e) The Owners shall upon the request of the Charterers, promptly execute such
documents as may be required to enable the Charterers to abandon the Vessel to insurers and claim a constructive total loss. 

(f) For the purpose of insurance coverage against marine and war risks under the provisions of sub-clause (a) of this Clause, the
value of the Vessel is the value indicated in Box 27 or the average values as assessed by three independent brokers (Fearnleys, Oslo, and Clarkson, London, and Poten, New York). The assessments to be done annually unless required more frequently by
the Deed of Covenants, reference clause 11. sum indicated in Box 27. 
  

	13.	Insurance, Repairs and Classification 

 (Optional, only to apply if expressly agreed and stated in Box 27, in which event Clause 12 shall be considered deleted). 

(a) During the Charter period the Vessel shall be kept insured by the Owners at their expense against marine and war risks under
the form of policy or policies attached hereto. The Owners and/or insurers shall not have any right of recovery or subrogation against the Charterers on account of loss of or any damage to the Vessel or her machinery or appurtenances covered by such
insurance, or on account of payments made to discharge claims against or liabilities of the Vessel or the Owners covered by such insurance. All insurance policies shall be in the joint names of the Owners and the Charterers as their interests may
appear. 
 (b) During the Charter period the Vessel shall be kept insured by the Charterers at their expense
against Protection and Indemnity risks in such form as the Owners shall in writing approve which approval shall not be unreasonably withheld. If the Charterers fail to arrange and keep any of the insurances provided for under the provisions of
sub-clause (b) in the manner described therein, the Owners shall notify the Charterers whereupon the Charterers shall rectify the position within seven running days, failing which the Owners shall have the right to withdraw the Vessel from the
service of the Charterers without prejudice to any claim the Owners may otherwise have against the Charterers. 

(c) In the event that any act or negligence of the Charterers shall vitiate any of the insurance herein provided, the Charterers
shall pay to the Owners all losses and indemnify the Owners against all claims and demands which would otherwise have been covered by such insurance. 
 (d)The Charterers shall, subject to the approval of the Owners or Owners’ Underwriters, effect all insured repairs, and the Charterers shall undertake settlement of all miscellaneous expenses
in connection with such repairs as well as all insured charges, expenses and liabilities, to the extent of coverage under the insurances provided for under the provisions of sub-clause (a) of this Clause. The Charterers to be secured
reimbursement through the Owners’ Underwriters for such expenditures upon presentation of accounts. 

(e) The Charterers to remain responsible for and to effect repairs and settlement of costs and expenses incurred thereby in
respect of all other repairs not covered by the insurances and/or not exceeding any possible franchise(s) or deductibles provided for in the insurances. 
 (f) All time used for repairs under the provisions of sub-clause (d) and (e) of this Clause and for repairs of latent defects according to Clause 2 above, including any deviation, shall count as
time on hire and shall form part of the Charter period. 
 The Owners shall not be responsible for any
expenses as are incident to the use and operation of the Vessel for such time as may be required to make such repairs. 
 (g) If the conditions of the above insurances permit additional insurance to be placed by the parties such cover shall be limited to the amount for each party

 set out in Box 28 and Box 29, respectively. The Owners or the Charterers as the
case may be shall immediately furnish the other party with particulars of any additional insurance effected, including copies of any cover notes or policies and the written consent of the Insurers of any such required insurance in any case where the
consent of such Insurers is necessary. 
 (h) Should the Vessel become an actual, constructive, compromised or
agreed total loss under the insurances required under sub-clause (a) of this Clause, all insurance payments for such loss shall be paid to the Owners, who shall distribute the moneys between themselves and the Charterers according to their
respective interests. 
 (i) If the Vessel becomes an actual, constructive, compromised or agreed total loss
under the insurances arranged by the Owners in accordance with sub-clause (a) of this Clause, this Charter shall terminate as of the date of such loss. 
 (j) The Charterers shall upon the request of the Owners, promptly execute such documents as may be required to enable the Owners to abandon the Vessel to Insurers and claim a constructive total
loss. 
 (k) For the purpose of insurance coverage against marine and war risks under the provisions of
sub-clause (a) of this Clause, the value of the Vessel is the sum indicated in Box 27. 
 (l) Notwithstanding
anything contained in Clause 9 (a), it is agreed that under the provisions of Clause 13, if applicable, the Owners shall keep the Vessel with unexpired classification in force at all times during the Charter period. 

 

	14.	Redelivery 

 The
Charterers shall at the expiration of the Charter period redeliver the Vessel at a safe and ice-free port or place as indicated in Box 16. The Charterers shall give the Owners not less than 30 running days’ preliminary and not less than
14 days’ definite notice of expected date, range of ports of redelivery or port or place of redelivery. Any changes thereafter in Vessel’s position shall be notified immediately to the Owners. 

Should the Vessel be ordered on a voyage by which the Charter period may be exceeded the Charterers to have the use of the Vessel to
enable them to complete the voyage, provided it could be reasonably calculated that the voyage would allow redelivery about the time fixed for the termination of the Charter. 
 The Vessel shall be redelivered to the Owners in the same or as good structure, state, condition and class as that in which she was delivered, fair wear and tear not affecting class excepted. 

The Vessel upon redelivery shall have her survey cycles up to date and class certificates valid for at least the number of months agreed
in Box 12. The Vessel shall be dry-docked less than 12 (twelve) months prior to redelivery to the Owners. 
  

	15.	Non-Lien and Indemnity 

The Charterers will not suffer, nor permit to be continued, any lien or encumbrance incurred by them or their agents, which might have
priority over the title and interest of the Owners in the Vessel. 
 The Charterers further agree to fasten to the Vessel in a
conspicuous place and to keep so fastened during the Charter period a notice reading as follows:- 
 “This Vessel is
the property of (name of Owners). It is under charter to (name of Charterers) and by the terms of the Charter Party neither the Charterers nor the Master have any right, power or authority to create, incur or permit to be imposed on the Vessel any
lien whatsoever.” 
 The Charterers shall indemnify and hold the Owners harmless against any lien of whatsoever nature
arising upon the Vessel during the Charter period while she is under the control of the Charterers, and against any claims against the Owners arising out of or in relation to the operation of the Vessel by the Charterers. Should the Vessel be
arrested by reason of claims or liens arising out of her operation hereunder by the Charterers, the Charterers shall at their own expense take all reasonable steps to secure that within a reasonable time the Vessel is released and at their own
expense put up bail to secure release of the Vessel. 
  

	16.	Lien 

 The Owners to
have a lien upon all cargoes and sub-freights belonging to the Charterers and any Bill of Lading freight for all claims under this Charter, and the Charterers to have a lien on the Vessel for all moneys paid in advance and not earned. 

 

	17.	Salvage 

 All salvage
and towage performed by the Vessel shall be for the Charterers’ benefit and the cost of repairing damage occasioned thereby shall be borne by the Charterers. 
  

	18.	Wreck Removal 

 In the
event of the Vessel becoming a wreck or obstruction to navigation the Charterers shall indemnify the Owners against any sums whatsoever which the Owners shall become liable to pay and shall pay in consequence of the

 

  

	
	This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification
made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies between the
original BIMCO approved document and this computer generated document.

 PART II 
 “BARECON 89” Standard Bareboat Charter 

 

 Vessel becoming a wreck or obstruction to navigation. 

 

	19.	General Average 

General Average, if any, shall be adjusted according to the York-Antwerp Rules 1974 or any subsequent modification thereof current at
the time of the casualty. The Charter Hire not to contribute to General Average. 
  

	20.	Assignment and Sub-Demise 

 The Charterers shall not assign this Charter nor sub-demise the Vessel except with the prior consent in writing of the Owners which shall not be unreasonably withheld and subject to such terms and
conditions as the Owners shall approve. 
  

	21.	Bills of Lading 

 The
Charterers are to procure that all Bills of Lading issued for carriage of goods under this Charter shall contain a Paramount Clause incorporating any legislation relating to Carrier’s liability for cargo compulsorily applicable in the trade; if
no such legislation exists, the Bills of Lading shall incorporate the British Carriage of Goods by Sea Act. The Bills of Lading shall also contain the amended New Jason Clause and the Both-to-Blame Collision Clause. 

The Charterers agree to indemnify the Owners against all consequences or liabilities arising from the Master, officers or agents signing
Bills of Lading or other documents. 
  

	22.	Bank Guarantee 

The Charterers undertake to furnish, before delivery of the Vessel, a first class bank guarantee or bond in the sum and at the
place as indicated in Box 25 as guarantee for full performance of their obligations under this Charter. (Optional, only to apply if Box 25 filled in). See Clause 30. 

 

	23.	Requisition/Acquisition 

(a) In the event of the Requisition for Hire of the Vessel by any governmental or other competent authority (hereinafter referred to as
“Requisition for Hire”) irrespective of the date during the Charter period when “Requisition for Hire” may occur and irrespective of the length thereof and whether or not it be for an indefinite or a limited period of time, and
irrespective of whether it may or will remain in force for the remainder of the Charter period, this Charter shall not be deemed thereby or thereupon to be frustrated or otherwise terminated and the Charterers shall continue to pay the stipulated
hire in the manner provided by this Charter until the time when the Charter would have terminated pursuant to any of the provisions hereof always provided however that in the event of “Requisition for Hire” any Requisition Hire or
compensation received or receivable by the Owners shall be payable to the Charterers during the remainder of the Charter period or the period of the “Requisition for Hire” whichever be the shorter. 

The Hire under this Charter shall be payable to the Owners from the same time as the Requisition Hire is payable to the Charterers.

 (b) In the event of the Owners being deprived of their ownership in the Vessel by any Compulsory Acquisition of the Vessel
or requisition for title by any governmental or other competent authority (hereinafter referred to as “Compulsory Acquisition”), then, irrespective of the date during the Charter period when “Compulsory Acquisition” may occur,
this Charter shall be deemed terminated as of the date of such “Compulsory Acquisition”. In such event Charter Hire to be considered as earned and to be paid up to the date and time of such “Compulsory Acquisition”. 

 

	24.	War 

 (a) The Vessel
unless the consent of the Owners be first obtained not to be ordered nor continue to any place or on any voyage nor be used on any service which will bring her within a zone which is dangerous as the result of any actual or threatened act of war,
war, hostilities, warlike operations, acts of piracy or of hostility or malicious damage against this or any other vessel or its cargo by any person, body or State whatsoever revolution, civil war, civil

 commotion or the operation of international law, nor be exposed in any way to any risks
or penalties whatsoever consequent upon the imposition of Sanctions, nor carry any goods that may in any way expose her to any risks of seizure, capture, penalties or any other interference of any kind whatsoever by the belligerent or fighting
powers or parties or by any Government or Ruler. 
 (b) The Vessel to have liberty to comply with any orders or directions as
to departure, arrival, routes, ports of call, stoppages, destination, delivery or in any other wise whatsoever given by the Government of the nation under whose flag the Vessel sails or any other Government or any person (or body) acting or
purporting to act with the authority of such Government or by any committee or person having under the terms of the war risks insurance on the Vessel the right to give any such orders or directions. 

(c) In the event of outbreak of war (whether there be a declaration of war or not) between any two or more of the countries as stated in
Box 31, both the Owners and the Charterers shall have the night to cancel this Charter, whereupon the Charterers shall redeliver the Vessel to the Owners in accordance with Clause 14, if she has cargo on board after discharge thereof
at destination or if debarred under this Clause from reaching or entering it at 
 a near open and safe port as directed by the
Owners or if she has no cargo on board, at the port at which she then is or if at sea at a near open and safe port as directed by the Owners. In all cases hire shall continue to be paid in accordance with Clause 10 and except as aforesaid all
other provisions of this Charter shall apply until redelivery. 
  

	25.	Commission 

 The
Owners to pay a commission at the rate indicated in Box 32 to the Brokers named in Box 32 on any Hire paid under the Charter but in no case less than is necessary to cover the actual expenses of the Brokers and a reasonable fee for their work If the
full Hire is not paid owing to breach of Charter by either of the parties the party liable therefor to indemnify the Brokers against their loss of commission. 
 Should the parties agree to cancel the Charter, the Owners to indemnify the Brokers against any loss of commission but in such case the commission not to exceed the brokerage on one year’s
Hire. See Box 32. 
  

	26.	Law and Arbitration 

  

	*)	26.1. This Charter shall be governed by English law and any dispute arising out of this Charter shall be referred to arbitration in London, one arbitrator being
appointed by each party, in accordance with the Arbitration Acts 1996 1950 

 And
1979 or any statutory modification or re-enactment thereof for the time being in force. On the receipt by one party of the nomination in writing of the other party’s arbitrator, that party shall appoint their arbitrator within fourteen
days, failing which the decision of the single Arbitrator appointed shall apply. If two Arbitrators properly appointed shall not agree they shall appoint an umpire whose decision shall be final. 

	*)	26.2. Should any dispute arise out of this Charter, the matter in dispute shall be referred to three persons at New York, one to be appointed by each of the
parties hereto, and the third by the two so chosen; their decision or that of any two of them shall be final, and for purpose of enforcing any award, this agreement may be made a rule of the Court. The arbitrators shall be members of the Society of
Maritime Arbitrators, Inc. of New York and the proceedings shall be conducted in accordance with the rules of the Society. 

	*)	26.3. Any dispute arising out of this Charter shall be referred to arbitration at the place indicated in Box 33, subject to the law and procedures applicable
there. 26.4. If Box 33 in Part I is not filled in, sub-clause 26.1 of this Clause shall apply. 

	*)	26.1., 26.2. and 26.3. are alternatives; indicate alternative agreed in Box 33.

 

  

	
	ADDITIONAL CLAUSES:

  

	27.	Surveys 

 The Owners and Charterers shall jointly
appoint a surveyor for the purpose of determining and agreeing in writing the condition of the Vessel at the time of re-delivery. A Class approved diver video inspection of the vessel hull below water line and of the thrusters may be included in the
survey report. Without prejudice of Clause 14 the Charterers shall bear all survey expenses and all other costs, if any, as well as all repair costs included. 
 The Charterers shall also bear all loss of time spent in connection with any repairs, which shall be paid at the rate of Hire per day or pro rata. 

 

	28.	Technical Management 

 Reference Clause 9. The
vessel shall be technically operated and managed by Transpetro. Charterers shall not change the technical operation or management without Owners’ consent, which shall not be unreasonably withheld. 

This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In
the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result
of discrepancies between the original BIMCO approved document and this computer generated document. 

													
		 		  		  		  		  		  	 OPTIONAL
 PART

 PART III 
 PROVISIONS TO APPLY FOR NEWBUILDING VESSELS ONLY 
 (Optional, only
to apply if expressly agreed and stated in Box 35) 
 29. Brazilian Tax 
 Any Brazilian tax on Charter Hire is for Charterers account. If any new or additional taxes or changes to existing taxes become applicable after the date of this Charter Party then this will be for the
account of the Charterers. If during this charter there are any import tax (permanent or temporary) imposed on the Vessel, or a withholding tax is imposed on the hire payments then these will be for Charterers account. 

30. Additional Security 
 Charterers are a 100%
subsidiary, directly or indirectly, of Petroleo Brasileiro S.A. Petrobras. If Petrobras should give up control of Charterers; i.e. reduce their holding in Charterers to less than 50%, then Owners have the right to have established security assuring
the full and complete accomplishment of all the duties and obligations set forth in this contract in a form satisfactory to the Owners. Charterers have the obligation to provide such collateral security. 

Transpetro undertake and Fronape International Company (FIC) hereby agrees that should FIC fail to fulfil any of its obligations under this charterparty
as they fall due, then upon written notice by the Owners to Transpetro and FIC, Transpetro shall be substituted as the Charterers herein and become liable for all past and future obligations as if they had been the Charterers ab initio. 

Notwithstanding the same FIC shall remain jointly liable for all and any obligations it may have had up to the date of any Owners’ notice given
pursuant to this clause. Any delay or impossibility in Transpetro obtaining official or other consents to become Charterers and to fulfil obligations hereunder shall not render void or voidable their liability to Owners in damages, as per Clause 10.

 Owners recognize that obtaining such consent may take time and Owners therefore undertake not to terminate the charter or take other action
which may interrupt service to Charterers within 60 days of giving this notice provided that the sole reason for delay in timely payment is caused by absence of such consents. Transpetro shall use its best endeavours to expedite the obtaining of
such necessary consents and agree to pay interest at LIBOR with montly rests on any outstanding sums until payment. 
 31. Construction

 The Vessel shall be built as a dynamically positioned (DP) shuttle tanker as per the specification in Attachment A. The newbuilding
specification and shipyard execution schedule shall be submitted to Charterers for their information. Charterers shall have the right to have full insight into the planning and implementation of the building of the vessel. This right of insight into
the planning and implementation of the construction shall not give cause to interference by Charterers into the planning and implementation process. Owners shall keep Charterers advised of all significant changes to the shipyard execution schedule
and of any significant issues regarding Classification of the vessel. Charterers shall be invited to attend as an observer to significant technical meetings (makers and shipyard interface meetings) and major factory acceptance tests. Charterers
shall have the right to have an observer present at the shipyard during the building, and Owners to provide office (desk) and communication facilities for same. Charterers shall have the right to attend at dock and sea trials. Charterers shall not
have the right to direct or communicate directly with the shipyard. Charterers shall have the right to participate, as observers only, together with the Owners representative at meetings with the shiyard during the building of the vessel.

 32. Delivery 
 Reference of Box 13,
14 and 15 and clause 2 and clause 3. Owners shall deliver and Charterers shall take delivery of the Vessel at the shipyard/safe anchorage (reference clause 31) upon completion of shipyard sea trials and DPPS test. 

The intention is to deliver the Vessel between 1 Jan - 30 March 2011 / 1 April - 30 June 2011. 
 33. Outline Specification 
 The Vessel outline specification, attached hereto as Attachment A shall
consist of the following: 
  

	 	•	 	 Vessel outline specification. 

  

	 	•	 	 Makers list of major items. 

Telemetry system as described in Vessel Outline Specification shall be provided by Charterers. 
 34. Force Majeure 
 Clause 4 shall not apply in case of force majeure under the Shipbuilding
Contract defined as follows: 
 If, at any time before actual delivery, either the construction of the VESSEL, or any performance required
hereunder as a prerequisite of delivery of the VESSEL, is delayed due to war, blockade, revolution, insurrection, mobilization, civil commotions, riots, strikes, sabotage, lockouts, acts of God or the public enemy, terrorism, plague or other
epidemics, quarantines, prolonged failure or restriction of electric current from an outside source, freight embargoes, if any, earthquakes, tidal waves, typhoons, hurricanes, storms or other causes beyond the control of the BUILDER or of its
sub-contractors, as the case may be, or by force majeure of any description, whether of the nature indicated by the forgoing or not, or by destruction of the BUILDER or works of the BUILDER or its sub-contractors, or of the VESSEL or any part
thereof, by fire, flood, or other causes beyond the control of the BUILDER or its sub-contractors as the case may be, or due to the bankruptcy of the equipment and/or material supplier or suppliers of long lead equipment with delivery time more than
18 months, or due to the delay caused by acts of God in the supply of parts essential to the construction of the VESSEL, then, in the envent of delay due to the happening of any of the aforementioned contingencies, the BUILDER shall not be liable
for such delay and the time for delivery of the VESSEL under this Contract shall be extended without any reduction in the Contract Price for a period of time which shall not exceed the total accumulated time of all such delays, subject nevertheless
to the BUYER’s right of cancellation and subject however to all relevant provisions of this Contract which authorize and permit extension of the time of delivery of the VESSEL. 
 The Owners undertake to promptly notify the Charterers of any occurrences of Force Majeure in consequence of which the delivery of the Vessel is likely to be delayed and shall take any and all possible
measures to minimize the effects of such occurance in the delivery of the Vessel. 
 35. Guarantee Clause 

In respect of any repairs of defects which appears within the scope of Clause 2 and within the time established in Clause 2 the Owners and Charterers
shall cooperate and use their best endeavours to recover any expenditure incurred in remedying such defects from the Builders, but the Owners shall be liable to the Charterers to the full amount of the expenditure, as established on Clause 2. The
Charterers shall cooperate with the Owners to prepare the guarantee claims to be presented to the Builder according to the guarantee clause of the Building Contract (which terms and conditions shall be informed to the Charterers in due time).

 The Owners authorize the Charterers to arrange for the guarantee works to be performed in accordance with the conditions established on the
Building Contract. Hire to continue during the period of guarantee works. 
 36. Bareboat Charter Registry 

Reference PART V and Boxes 40-41. Any costs due to flagging the Vessel in and out of the Bareboat Charter Registry and/or into the Underlying Registry
shall be for Charterers account. 
 37. Confidentiality 
 All details of this agreement to be kept strictly private and confidential by all parties involved. 
 This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed
text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage or expense as a result of discrepancies between the original BIMCO approved
document and this computer generated document. 

 OPTIONAL 
 PART      
 PART III 

PROVISIONS TO APPLY FOR NEWBUILDING VESSELS ONLY 
 (Optional, only to apply if expressly agreed and stated in Box 35) 
  

 38. Notices and Correspondence 
 Every notice or demand under this contract, including notice of Arbitration, shall be in writing, but may be given or made by fax which shall be sent to the Owners and the Charterers at their respective
addresses. 
 In respect of the Charterers at: 
 Fronape International company 
 c/o Transpetro / DTM / TM / Getran 5 

Av. Presidente Vargas, 328 - 4th floor 
 Rio
de Janeiro - RJ 
 20091-060 
 Brazil

 Fax no.: +55 21 3211 7400 
 In
respect of the Owners at: 
 Knutsen OAS Shipping AS 
 Smedasundet 40 
 P.O. Box 2017 
 5504 Haugesund 
 Norway 
 Fax no.: +47 52704040 
 This document is a computer generated BARECON 89 form printed by authority
of BIMCO. Any insertion or deletion to the form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO
assumes no responsibility for any loss, damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document. 

													
		 		  		  		  		  		  	 OPTIONAL
 PART

 PART III 

PROVISIONS TO APPLY FOR NEWBUILDING VESSELS ONLY 
 (Optional, only to apply if expressly agreed and stated in Box 35) 
  

			
	 Specifications and Building Contract

 
 (a) The Vessel shall be constructed in accordance with the Building Contract
(hereafter called “the Building Contract”) as annexed to this Charter, made between the Builders and the Owners and in accordance with the specifications and plans annexed thereto, such Building Contract, specifications and plans having
been counter-signed as approved by the Charterers.
  
 (b)
No change shall be made in the Building Contract or in the specifications or plans of the Vessel as approved by the Charterers as aforesaid, without the Charterers’ consent.

 
 (c) The Charterers shall have the right to send their representative to the
Builders’ Yard to inspect the Vessel during the course of her construction to satisfy themselves that construction is in accordance with such approved specifications and plans as referred to under sub-clause (a) of this
Clause.
  
 (d) The Vessel shall be built in accordance with
the Building Contract and shall be of the description set out therein provided nevertheless that the Charterers shall be bound to accept the Vessel from the Owners on the date of delivery by the Builders as having been completed and constructed in
accordance with the Building Contract and the Charterers undertake that after having so accepted the Vessel they will not thereafter raise any claims against the Owners in respect of the Vessel’s performance or specification or defects if any
except that in respect of any repair or replacement of any defects which appear within the first 12 months from delivery the Owners shall use their best endeavours to recover any expenditure incurred in remedying such defects from the Builders, but
shall only be liable to the Charterers to the extent the Owners have a valid claim against the Builders under the guarantee clause of the Building Contract (a copy whereof has been supplied to the Charterers) provided that the Charterers shall be
bound to accept such sums as the Owners are able to recover under this clause and shall make no claim upon the Owners for any difference between the amounts so recovered and the actual expenditure incurred on repairs or replacements or for any loss
of time incurred thereby.
  
 Time and Place of
Delivery
  
 (a) Subject to the Vessel having completed
her acceptance trials including trials of cargo equipment in accordance with the Building Contract and specifications to the satisfaction of the Charterers, the Owners shall give and the Charterers shall take delivery of the Vessel afloat when ready
for delivery at the Builders’ Yard or some other safe and readily accessible dock, wharf or place as may be agreed between the parties hereto and the Builders. Under the Building Contract the Builders have estimated that the Vessel will be
ready for delivery to the Owners as therein provided but the delivery date for the purpose of this Charter shall be the date when the Vessel is in fact ready for delivery by the Builders after completion of trials whether that be before or after as
indicated in the Building Contract. Notwithstanding the foregoing, the Charterers shall not be obliged to take delivery of the Vessel until she has been classed and documented as provided in this Charter and free for transfer to the flag she has to
fly. Subject as aforesaid the Charterers shall not be entitled to refuse acceptance of delivery of the Vessel and upon and after such acceptance the Charterers shall not be entitled to make any claim against the Owners in respect of any conditions,
representations or warranties, whether express or implied, as to the seaworthiness of the Vessel or in respect of delay in delivery or otherwise howsoever.
	  	 (b) If for any reason other than a default by the Owners under the Building Contract, the Builders become entitled under that
Contract not to deliver the Vessel to the Owners, the Owners shall upon giving to the Charterers written notice of Builders becoming so entitled, be excused from giving delivery of the Vessel to the Charterers and upon receipt of such notice by the
Charterers this Charter shall cease to have effect.
  
 (c)
If for any reason the Owners become entitled under the Building Contract to reject the Vessel the Owners shall, before exercising such right of rejection, consult the Charterers and thereupon

 

i)       if the Charterers do not wish to take delivery of the vessel
they shall inform the Owners within seven (7) days by notice in writing and upon receipt by the Owners of such notice this Charter shall cease to have effect; or

 
 ii)     if
the Charterers wish to take delivery of the Vessel they may by notice in writing within seven (7) days require the Owners to negotiate with the Builders as to the terms on which delivery should be taken and/or refrain from exercising their right to
rejection and upon receipt of such notice the Owners shall commence such negotiations and/or take delivery of the Vessel from the Builders and deliver her to the Charterers;

 
 iii)    in no
circumstances shall the Charterers be entitled to reject the Vessel unless the Owners are able to reject the Vessel from the Builders;
  

iv)    if this Charter terminates under sub-clause (b) or (c) of this Clause, the
Owners shall thereafter not be liable to the Charterers for any claim under or arising out of this Charter or its termination.
  

Guarantee Works
  

If not otherwise agreed, the Owners authorize the Charterers to arrange for the guarantee works to be performed in accordance with the building
contract terms, and hire to continue during the period of guarantee works. The Charterers have to advise the Owners about the performance to the extent the Owners may request.

 
 Name of Vessel

 
 The name of the Vessel shall be mutually agreed between the Owners and the
Charterers and the Vessel shall be painted in the colours, display the funnel insignia and fly the house flag as required by the Charterers.
  

Survey on Redelivery
  

The Owners and the Charterers shall appoint surveyors for the purpose of determining and agreeing in writing the condition of the Vessel at the
time of redelivery.
  
 Without prejudice to Clause 14 (Part
II), the Charterers shall bear all survey expenses and all other costs, if any, including the cost of docking and undocking, if required, as well as all repair costs incurred.

 
 The Charterers shall also bear all loss of time spent in connection with any
docking and undocking as well as repairs, which shall be paid at the rate of Hire per day or pro rata.

 This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the
form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss,
damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document. 

 PART IV 
 HIRE/PURCHASE AGREEMENT 
 (Optional, only to apply if expressly
agreed and stated in Box 39) 
  

			
	 On expiration of this Charter and provided the Charterers have fulfilled their obligations according to Part I and II as well as
Part III, if applicable, it is agreed, that on payment of the last month’s hire instalment as per Clause 10 the Charterers have purchased the Vessel with everything belonging to her and the Vessel is fully paid for.

 
 If the payment of the instalment due is delayed for less than 7 running days
or for reason beyond the Charterers’ control, the right of withdrawal under the terms of Clause 10(e) of Part II shall not be exercised. However, any delay in payment of the instalment due shall entitle the Owners to an interest at the rate per
annum as agreed in Box 22. If Box 22 has not been filled in the current market rate in the country where the Owners have their Principal Place of
Business shall apply.
  
 In the following paragraphs the
Owners are referred to as the Sellers and the Charterers as the Buyers.
  
 The Vessel shall be delivered by the Sellers and taken over by the Buyers on expiration of the Charter.
  

The Sellers guarantee that the Vessel, at the time of delivery, is free from all encumbrances and maritime liens or any debts whatsoever other
than those arising from anything done or not done by the Buyers or any existing mortgage agreed not to be paid off by the time of delivery. Should any claims, which have been incurred prior to the time of delivery be made against the Vessel, the
Sellers hereby undertake to indemnify the Buyers against all consequences of such claims to the extent it can be proved that the Sellers are responsible for such claims. Any taxes, notarial, consular and other charges and
expenses
	  	 connected with the purchase and registration under Buyers’ flag, shall be for Buyers’ account. Any taxes, consular and
other charges and expenses connected with closing of the Sellers’ register, shall be for Sellers’ account.
  

In exchange for payment of the last month’s hire instalment the Sellers shall furnish the Buyers with a Bill of Sale duly attested and
legalized, together with a certificate setting out the registered encumbrances, if any. On delivery of the Vessel the Sellers shall provide for deletion of the Vessel from the Ship’s Register and deliver a certificate of deletion to the
Buyers.
  
 The Sellers shall, at the time of delivery, hand
to the Buyers all classification certificates (for hull, engines, anchors, chains, etc.), as well as all plans which may be in Sellers’ possession.
  

The Wireless Installation and Nautical Instruments, unless on hire, shall be included in the sale without any extra payment.

 
 The Vessel with everything belonging to her shall be at Sellers’ risk
and expense until she is delivered to the Buyers, subject to the conditions of this Contract and the Vessel with everything belonging to her shall be delivered and taken over as she is at the time of delivery, after which the Sellers shall have no
responsibility for possible faults or deficiencies of any description.
  
 The Buyers undertake to pay for the repatriation of the Captain, officers and other personnel if appointed by the Sellers to the port where the Vessel entered the Bareboat Charter as per Clause 2
(Part II) or to pay the equivalent cost for their journey to any other place.

 This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the
form must be clearly visible. In the event of any modification made to the pre-printed text of this document is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss, damage
or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document. 

 PART V 
 PROVISIONS TO APPLY FOR VESSELS REGISTERED IN A BAREBOAT CHARTER REGISTRY 

(Optional, only to apply if expressly agreed and stated in Box 40) 

 

			
	 Definitions
  

For the purpose of this PART V, the following terms shall have the meanings hereby assigned to them:

 
 “The Bareboat Charter Registry” shall mean the registry of the State
whose flag the Vessel will fly and in which the Charterers are registered as the bareboat charterers during the period of the Bareboat Charter.
  

“The Underlying Registry” shall mean the registry of the State in which the Owners of the Vessel are registered as Owners and to which
jurisdiction and control of the Vessel will revert upon termination of the Bareboat Charter Registration.
  
 Mortgage
  
 The Vessel
chartered under this Charter is financed by a mortgage and the provisions of Clause 11(b) Part II) shall apply.
	  	 Termination of Charter by Default
  

It the Vessel chartered under this Charter is registered in a Bareboat Charter Registry as stated in Box 41, and if the Owners shall default in the
payment of any amounts due under the mortgage(s) specified in Box 26, the Charterers shall, if so required by the mortgagee, direct the Owners to re-register the Vessel in the Underlying Registry as shown in Box 42.

 
 In the event of the Vessel being deleted from the Bareboat Charter Registry as
stated in Box 41, due to a default by the Owners in the payment of any amounts due under the mortgage(s), the Charterers shall have the right to terminate this Charter forthwith and without prejudice to any other claim they may have against
the Owners under this Charter.

 This document is a computer generated BARECON 89 form printed by authority of BIMCO. Any insertion or deletion to the
form must be clearly visible. In the event of any modification made to the pre-printed text of this document which is not clearly visible, the text of the original BIMCO approved document shall apply. BIMCO assumes no responsibility for any loss,
damage or expense as a result of discrepancies between the original BIMCO approved document and this computer generated document. 

 

 
 OUTLINE SPECIFICATION 
 (Doc. No. T0184-000-01 Rev. hrt1) 
 105,000 DWT SHUTTLE TANKER

 COSCO SHIPYARD GROUP LTD 
 18 October 2007 
 Q:\TEKNISK\Technical file\Newbuilding, projects\N255\105K Shuttle
Tanker Outline-20071018 (incl stern tunnel thruster)revhrt.doc 

					
	

	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  

 INDEX 

 

					
	 010 General Description
	  	 	5	  
		
	 020 Principal Particulars
	  	 	6	  
		
	 030 Classification, Rules and Regulations
	  	 	7	  
		
	 040 Standards and Workmanship
	  	 	9	  
		
	 050 Plans and Documents
	  	 	9	  
		
	 060 Spare Parts and Tools
	  	 	9	  
		
	 100 Hull Structure
	  	 	9	  
		
	 200 Paint Scheme
	  	 	10	  
		
	 310 Cargo Pumping System
	  	 	11	  
		
	 320 Cargo Tank Vent and Inert Gas System
	  	 	12	  
		
	 330 Cargo Oil Tank Cleaning System
	  	 	12	  
		
	 340 Cargo Oil Heating System
	  	 	13	  
		
	 350 Other Cargo Equipment
	  	 	13	  
		
	 360 Bow Loading System
	  	 	13	  
		
	 410 Maneuvering Equipment
	  	 	15	  
		
	 420 Anchoring and Mooring Equipment
	  	 	15	  
		
	 430 Deck Equipment and Outfitting
	  	 	16	  
		
	 440 Lifesaving Equipment
	  	 	17	  
		
	 450 Fire Fighting System
	  	 	18	  
		
	 460 Hull Piping System
	  	 	19	  
		
	 500 Accommodation Arrangement
	  	 	20	  
		
	 510 Panel System
	  	 	21	  
		
	 520 Deck Covering
	  	 	21	  
		
	 530 Accommodation Equipment and Material
	  	 	22	  
		
	 540 Provision Stores and Refrigerating Plant
	  	 	23	  
		
	 550 Sanitary Equipment
	  	 	23	  
		
	 560 Air Condition System
	  	 	23	  
		
	 600 Engine Room Machinery General
	  	 	25	  
		
	 601 Propeller and Shafting
	  	 	25	  

  
 Page 2 of 40

					
	

	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  

					
	 602 Steam Generating Plant
	  	 	25	  
		
	 603 Electric Generating Plants
	  	 	25	  
		
	 604 Purifier
	  	 	25	  
		
	 605 Centrifugal Pump
	  	 	26	  
		
	 606 Rotary Pump
	  	 	26	  
		
	 607 Tubular Type Heat Exchanger
	  	 	26	  
		
	 608 Plate Type Heat Exchanger
	  	 	26	  
		
	 609 Piping
	  	 	26	  
		
	 610 Fuel Oil System
	  	 	27	  
		
	 611 Lubrication Oil System
	  	 	28	  
		
	 612 Cooling System
	  	 	28	  
		
	 613 Compressed Air System
	  	 	28	  
		
	 614 Steam, Condensate & Feed Water System
	  	 	28	  
		
	 615 F.W Sanitary System
	  	 	29	  
		
	 616 Engine Room Bilge System
	  	 	29	  
		
	 617 Maintenance Equipment, Workshop Machinery
	  	 	29	  
		
	 618 Engine Room Ventilation
	  	 	29	  
		
	 619 Waste Disposal System
	  	 	29	  
		
	 700 Automation System
	  	 	30	  
		
	 710 Control Space
	  	 	30	  
		
	 720 Automation System for Machinery
	  	 	30	  
		
	 730 Integrated Control and Monitoring System (ICMS)
	  	 	30	  
		
	 740 Cargo and Ballast Monitoring System
	  	 	30	  
		
	 750 Alarm and Calling System
	  	 	31	  
		
	 760 Dynamic Positioning System
	  	 	32	  
		
	 770 Miscellaneous
	  	 	34	  
		
	 800 Electric System
	  	 	36	  
		
	 810 Electric Source
	  	 	36	  
		
	 820 Switchboard
	  	 	37	  
		
	 830 Electric Motor and Starter
	  	 	38	  

  
 Page 3 of 40

					
	

	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  

					
	 840 Lighting System
	  	 	38	  
		
	 850 Navigation Equipment
	  	 	39	  
		
	 860 Radio Equipment
	  	 	39	  
		
	 870 Communication Equipment
	  	 	40	  
		
	 880 Entertainment Equipment
	  	 	40	  
		
	 890 Instrumentation
	  	 	40	  

  
 Page 4 of 40

					
	

	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  

 010 General Description 
 General arrangement 
 The vessel shall be an ocean going single screw diesel engine driven
shuttle tanker with a protruded bulbous bow, a transom stern and one(1) continuous deck with a forecastle deck. The Bow Loading System (BLS) will be installed on main deck forward as outlined on the general arrangement (hereinafter called as the
G.A.). 
 The vessel shall follow the latest Guidelines for the DESIGN AND OPERATION OF DYNAMICALLY POSITIONED VESSELS (IMCA) and shall comply
with all relevant rules, regulations and requirements to ensure a safe and cost effective operation as an Offshore Shuttle Tanker. 
 In
addition the vessel must comply with the Petrobras Campos Basin Offshore Loading Guidelines for DP Shuttle Tankers Operations. (subject to detailed requirements provide by Owner) 
 Accommodation including navigation bridge shall be located aft as outlined on the G.A. 
 The
vessel shall have fore and aft peak tanks, cargo oil tanks, segregated water ballast tanks, fuel oil tanks, a pump room, a bow thruster room and an engine room as outlined on the G.A. 
 The cargo area shall be constructed with double bottom and double shell and shall consist of six (6) pairs cargo oil tanks, two (2) slop tanks and six (6) pairs of wing and double bottom
water ballast tanks. 
 The transverse and one (1) longitudinal bulkhead below the upper deck shall be of plane type. 

Peak tanks and six (6) pairs of wing and double bottom water ballast in way of the cargo area shall be designed as segregated water ballast tanks.

 A cooling water tank for stern tube shall be provided under the aft peak tank. 
 The vessel shall be equipped with one (1) tunnel and one (1) retractable azimuth bow thrusters, one (1) tunnel and one (1) retractable azimuth stem thrusters, one (1) mariner type
schilling rudder and one (1) controllable pitch propeller. 
 One (1) set of jib crane shall be provided near the midship for handling
the cargo oil hose. 
 One (1) combined signal and radar mast on the top of wheelhouse and one (1) fore mast shall be fitted.

  
 Page 5 of 40

					
	 

  
	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
 Heavy fuel oil tank and diesel oil tank in engine room side shall be
constructed with double shell and outer space of those tanks shall be void space. 
 The width of the outer void space shall be minimum 1.0
meter from shell. 
 Thruster room and access trunks shall have enough space for removing the biggest part of the electric motors for
maintenance purpose (removal of stair shall be allowed in this operation). 
 Intended cargo 

Crude oil having a flash point below 60°C (closed cup test) as compatible with the specification. 

020 Principal Particulars 
  

					
	 Dimensions
	  	Length over all	  	Apprx 246.80 m
	  	Length between perpendiculars	  	Apprx 233.00 m
	  	Breadth , moulded	  	Apprx 42.00 m
	  	Depth, moulded	  	Apprx 22.50 m
	  	Design draft, moulded	  	Apprx 15.00 m
	  	Scantling draught, moulded	  	Apprx 15.30 m
	 Deadweight
	  	At design draught	  	Apprx 103,000 DWT
	  	At scantling draught	  	Apprx 105,000 DWT
	 Capacity (100%)
	  	Cargo tanks including slop tanks	  	Apprx 122,000
m3
	  	Water ballast tanks	  	Apprx 41,000 m3
	  	Fresh water tanks	  	Apprx 300 m3
	  	Heavy fuel oil tanks	  	Apprx 2,400m3
	  	Diesel oil tanks	  	Apprx 500 m3
	 Main engine
	  	Type	  	MAN-B&W 7S60MC-C
licensee made
	  	MCR x rpm	  	15820 kW x105rpm
	  	NCR(90%MCR)	  	14238 kW x 105rpm
	  	Turbo charger	  	High efficiency
	 	 
	 Service speed at design draught
	  	Apprx 14.3 knots
	 Fuel oil consumption of main engine

(H.C.V.=10,200kcal/kg)
	  	Specific F.O.C. at NCR at shop test	  	 Apprx 170g/kW h

+ 5% toleranse

	  	Daily ME F.O.C. at Service speed	  	Apprx 55,6MT/day
	 	 
	 Cruising range
(L.C.V=9800kcal/kg)
	  	Apprx 12,600NM

  
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 030 Classification, Rules and Regulations 

Classification society & flag : 

DNV

 1A1, “tanker for oil ESP”, CSR, , E0, DYNPOS-AUTR, OPP-F, ICS, BOW LOADING, SPM, F-AMC, T-MON, VCS-2 

The vessel to be registered in NIS by the Buyer. 
 Rules and Regulations 
 The vessel shall comply with following rules, regulations and
requirement of the authorities in force at the date of contract signing. 
  

	 	•	 	 Maritime regulation of the registered country 

  

	 	•	 	 International convention for the safety of life at sea (SOLAS), 1974 with protocol, and the amendments 

 

	 	•	 	 International convention on load lines 1966 with protocol 

 

	 	•	 	 International convention for preventing collisions at sea, 1972 and amendments 

 

	 	•	 	 International telecommunication (ITU) radio regulations, 1982 and 1998. 

 

	 	•	 	 International convention for the prevention of pollution from ships (MARPOL), 1973 (annexes I, V and VI (regulation 12,13 and 16) with protocol of 1978
and amendment to annex I &V 

  

	 	•	 	 International convention on tonnage measurement of ship 

 

	 	•	 	 Suez canal navigation regulations and tonnage measurement of ship 

 

	 	•	 	 IMO resolution A.468(XII), “code of noise level on board ship” 

 

	 	•	 	 ISO 6954-1984(E) “guidelines for the overall evaluation of vibration in merchant ships” 

 

	 	•	 	 U.S. coast guide’ s regulations for foreign flag vessels operating in navigable waters of the united states: 

  
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 CFR title 33-part 155: oil or hazardous material pollution prevention regulations for
vessels 
 CFR title 33-part 156: oil or hazardous material transfer operations 

CFR title 33-part 157: rules for the protection of the marine environment relating to tank vessels carrying oil in bulk 

CFR title 33-part 159: marine sanitation devices 
 CFR title 33-part 164: navigation safety rules 
 CFR title 46- part 32.53: inert
gas system 
 CFR title 46- part 34.05: fire fighting system, where required 

CFR title 46- part 35.30: general safety rules 
 CFR title 46- part 35.35: cargo handling 
 CFR title 46- part 39 : vapor control
system 
  

	 	•	 	 OCIMF recommendations for oil tanker manifolds and associated equipment, 1991 

 

	 	•	 	 OCIMF guidelines and recommendations for the safe mooring of large ships at piers and sea islands 

 

	 	•	 	 OCIMF recommendations on equipment for the towing of disable tankers , September 1981 

 

	 	•	 	 OCIMF ship to ship transfer guide,1988 and 1997(for fixed mooring fitting) 

 

	 	•	 	 OCIMF mooring equipment guidelines(1st edition, 1992) 

  

	 	•	 	 OCIMF an information paper on pump room safety-section 3 

 

	 	•	 	 Recommendations for equipment and fittings — new ships and section 4 issues for future considerations 

 

	 	•	 	 OCIMF guideline for the prevention of oil spillages through cargo pump room sea valves(2an edition,1991) 

 

	 	•	 	 OCIMF recommendation for equipment employed in mooring of ships at single point mooring, 1993( for fixed fitting only) 

  
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	 	•	 	 ILO crew accommodation on board ships, convention NO. 92 and 133 (except swimming pool) 

 

	 	•	 	 International electro technical commission publication 92- electrical installation in ships 

 

	 	•	 	 IMO recommendation on access in cargo and ballast tanks A272(VIII) and A(330)(IX) 

 

	 	•	 	 Canadian for foreign flagged vessels 

  

	 	•	 	 IMO A 751(18) interim standards for ship maneuverability 

 040 Standards and Workmanship 
 The following standards to be applied to the construction of
the vessel, as far as practicable except the fittings specially described hereinafter. 
  

	 	•	 	 ISO standard 

  

	 	•	 	 Chinese industrial standards (GB, CSQS, CB, YB, etc) 

  

	 	•	 	 Builder’s standards, and Builder’s standard practice 

 All workmanship entering into the construction of the vessel shall be in accordance with the Chinese Shipbuilding Standards and/or Builder’s standard practice, applicable to this kind of vessel,
subject to the approval of the Classification Society where necessary. 
 050 Plans and Documents 

All documents and name plates to be in English. Copies and deliver time to be discussed later 
 060 Spare Parts and Tools 
 Spare parts and tools shall be provided based on standard.

 Spare Parts Storage: The closed room shall be prepared for storage purpose. 
 100 Hull Structure 
  

			
	 Material
	  	 High tensile steel and mild steel
 application of higher tensile steel:
 upper and lower parts of longitudinal material

plating of centerline bulkhead
 high stressed
local structures in cargo tank region

		
	 Main hull
	  	longitudinal framing system
		
	 Cargo tank structure:
	  	double skin arrangement in way of bottom and wing tank
		
	 Bulkheads walkway:
	  	one(1) access platform at the upper part of side longitudinal bulkhead in water ballast tanks
		
	 Rudder:
	  	schilling mariner rudder

  
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 200 Paint Scheme 

 

											
	Area	  	system	  	
        No. of        

coat
	  	         Total        
DFT
 (mic.)

	 Flat bottom(up to bilge keel
level)
	  	 Epoxy A/C
 Epoxy tie
 Tin-free SPCA/F*
	  	1

1

2
	  	150
 100
 300

	 Side bottom and bottom (from
bilge keel to
scantling draught)
	  	 Epoxy A/C
 Epoxy tie
 Tin-free SPCA/F*
	  	1

1

2
	  	150
 100
 300

	 topside
	  	epoxy	  	2	  	300
	 Exposed weather
deck
	  	epoxy	  	2	  	300
	 Deckhouse
external
	  	 Epoxy
 polyurethane
	  	1

2
	  	125
 100

	 Cargo tanks
	  	**	  	 	  	 
	 Slop tanks
	  	Tar free epoxy	  	2	  	300
	 Water ballast
tanks
	  	Tar free epoxy	  	2	  	300
	 Fresh water
tanks
	  	 Epoxy primer
 Pure epoxy
	  	1

2
	  	50
 250

	 Accommodation
 and engine room
	  	Bare steel	  	 Ceramic zinc
 alkyd
	  	1

1
	  	35
 50

	  	Under lining 	  	Accommodation 	  	No coating	  	 	  	 
	 	  	 	  	E/R	  	Ceramic zinc	  	1	  	35
	 Hull Painting
	  	 	  	***	  	 	  	 

  

			
	Note*)	 	design lifetime of A/F is based on three (3) years. The final paint scheme may have alteration in number of coats and dry film thickness in accordance with the specification
of the paint manufacturer selected.

  
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	Note**)	 	The vessel shall have one (1) segregation with cargo tanks fully coated with two (02) coats of Low VOC (S/V 82%) epoxy paint (2 x 150 microns d.f.t.). On the remaining
cargo tanks all areas under the main deck, up to 3.0 m below (but including all deck transverses) and all bottom areas up to 1.5 m high shall be coated with two (02) coats of Low VOC (S/V 82%) epoxy paint (2 x 150 microns
d.f.t.).
		
	Note ***)	 	Vessel hull and funnel shall be coated according to Charterers standard. Underwater part (bottom and bootop) shall be coated for 30 months period between drydockings and topside
shall be painted in black colour. Accommodations shall be coated in white colour and funnel marking details shall be supplied on due time to be included on the shipyard specification. Details for paint specification shall be discussed in due time to
take into account the drydocking cycle of the vessel.

 Flame cut edges of structural members in water ballast tanks and fresh water tanks shall be ground off to
“1C”-one(1) pass grinding. 
 Two (2) stripe coats shall be applied to cut free edge of structural members in water ballast tanks
and fresh water tanks. 
 Two (2) stripe coats shall be applied for Cargo Tanks. 
 Bolted type sacrificial zinc anodes in water ballast tanks based on 5 years lifetime. 
 5mA/m2 and
50% ballast ratio. 
  

					
	 ICCP system
	 	35mA/m2 for underwater hull	 	
		 	600mA/m2 for propeller	 	

 310 Cargo Pumping System 
  

			
	 Cargo segregation
	  	three (3) groups
		
	 Cargo oil pump
	  	three (3) 2,800m3/h × 130mlc (S.G. 1.025) Vertical, single stages, centrifugal, double suction, Electric motor driven, two (2) speeds
		
	 Cargo striping pump
	  	one (1), 200m3/h × 130mlc (S.G. 1.025) Vertical, twin screw pump, single speed, el. Motor driven
		
	 Cargo auto loading
	  	vacuum pump type auto-striping/priming system connected to three (3) Cargo pumps (three (3) air separators and vacuum pump unit)
		
	 Stripping eductor
	  	one (1), 400m3/h

  
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	 Cargo valve
	  	wafer type butterfly valve with NBR seat in general Cast steel body for cargo manifold and shipside Cast iron body for others
		
	 Valve control
	  	hydraulic remote control through the ICMS for suction & main Discharge valves Manual for other valves in pump room and upper deck

 320 Cargo Tank Vent and Inert Gas System 

 

			
	 Cargo tank vent
	  	one (1) independent high velocity P/V valve per each cargo tank and slop tank, and one (1) common vent & inert gas main line with a vent mast
		
	 Portable gas free fan
	  	buyer’s supply
		
	 Pump room ventilation
	  	Two (2) electrical motor driven axial flow fan with mushroom ventilator for exhaust (20 air changes/hour)
		
	 Inert gas system
	  	one (1) 10,500m3/h, multi type Two (2) electrical motor driven blowers, 100% each
		
	 Hydrocarbon gas sampling system
	  	for pump room: total four (4) sampling points for ballast tanks: each one (1) point per tank

 I/G pressure indicator on the Wheel House shall be easily readable from the Cargo Control Station place. 

330 Cargo Oil Tank Cleaning System 
  

			
	 Tank cleaning system
	  	C.O.W and sea water washing
		
	 Tank cleaning heater
	  	one (1), 200m3/h, shell & tube type Heating up from 20°C to 70°C
		
	 Tank cleaning machine
	  	single nozzle, programmable type Ductile cast iron body
		
	 Portable T.C machine
	  	buyer’s supply
		
	 Tank cleaning hatch
	  	320mm dia. Bolted manhole
		  	- Two (2) for each C.O.T
		  	- One (1) for each slop tank
		
	 ODM system
	  	one (1) set as per IMO requirements

  
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 340 Cargo Oil Heating System 

 

			
	 Heating coil
	  	Al-brass, DN40mm dia. 2.0mm thickness
		
	 Heating media
	  	7kg/cm2 steam
		
	 Heating up temp.
	  	cargo oil tank & slop tank (starboard) 50°C to 60°C within 96 hours at 5°C S.W/2°C air temp Slop tank (port) 44°C to 66°C within 24 hours at 5°C
S.W/2°C air temp
		
	 Piping
	  	one (1) steam supply and one (1) drain main line

 350 Other Cargo Equipment 
  

			
	 Hand dipping device
	  	one (1), portable type
	 -1” deck seal valve
	  	three (3) for each C.O.T & one (1) for each slop tank
	 -2” deck seal valve
	  	one (1) for each C.O.T & slop tank

 360 Bow Loading System 
 One (1) set of bow loading system (BLS), allowing loading from a submerged offshore loading system (OLS) at rated of 8,000m3/h shall be provided on the bow at ship’s center. 
 BLS - BOW LOADING SYSTEM - All the equipments of this system shall be supplied by one maker. The loading manifold shall be located on the forecastle deck at the ship’s center line and the mooring
equipments (Roller Fair Lead and Chain Stopper) shall be located on a new platform over the load manifold. The loading manifold shall operate with a 20 inch North Sea Standard Valve connected to the extremity of a cargo hose 20 inch diameter and 110
m length, received from the F(P)SOs. Attention must be paid to the fact that at Campos Basin the mooring and cargo hose connections are made separately: the Hawser is pulled in and connected first and the cargo hose is pulled in and connected
afterwards. The arrangement of the BLS equipments must be adequate for this operation. 
 The traction winch shall have a minimum pulling
capacity of 70 t (0-15 m/min × 70 t; 0-40 m/min × 16.5 t; roper diam. = 20 - 120 mm; braking disc in stainless steel). 
 The BLS
line valves (except coupler valve and crude oil valve) shall be of the same maker and type of the vessel cargo system. 

  
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 The space between the main deck and the new platform shall be closed by two longitudinal bulkheads and
one fwd transverse bulkhead, in which shall be installed one bow door hydraulically operated, swing type (up and down) sliding type will not be accepted. Safe access shall be provided in order to allow a crew member to reach and disconnect/connect
the bridle from/to the cargo hose, so as to keep it free for an ESD II request. Safety devices shall be fitted at bow area in order to allow the safeguard of crew (rail for safety belt, etc). 
 Two complete BLS operation stations must be provided; one at bow area and one in wheelhouse. 
 A
drip tray must be provided to avoid small leakages from ball valve. 
 The bow loading system shall be designed also with the possibility to
discharge the vessel through the BLS (requirement for operation at Single Buoy Mooring discharging terminals). 

  
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 410 Maneuvering Equipment 

 

			
	 Steering gear
	  	one (1), electrical-hydraulic vane type (2×100% pump)
		
	 Schilling Rudder
	  	High performance Schilling Rudder shall be installed.
		
	 Bow thruster
	  	 one (1), tunnel type, CPP, 2,000kW
 one (1), Retractable azimuth type, CPP, 2,200kW

		
	 Stern thruster
	  	 one (1), tunnel type, CPP, about 1,100kW
 one (1), Retractable azimuth type, CPP, 2,200kW

		
	 Thruster safety margin:
	  	Under the Operational Weather Condition any one of the thrusters shall work continuously within the maximum limit of 85% of its maximum power.

 If CPP thrusters are used, each thruster shall have one independent hydraulic unit, with two hydraulic pumps and
auto-changeover. 
 If the vessel is fitted with M/E bridge wing control consoles, it shall be upgraded to have manual tunnel thrusters control
as well. 
 Rope Cutters shall be installed at the main propeller shaft and at each thruster in order to protect the propeller blades against
damage during mooring operations (as advised from Buyer that Rope Cutter is included in the thruster and propeller package). 
 420
Anchoring and Mooring Equipment 
  

			
	 Windlass & Winch
	  	Two (2), combined with mooring winch
		  	El.-hydraulic (high press) with non-auto-tension
		  	1C/L + 2M/D + 1W/H, each
		  	Manual band brake, local control
		
		  	El.-hydraulic (high press) with non-auto-tension
		  	16MT × 15m/min
		  	Six (6), 2M/D + 1W/H, each
		  	Manual band brake, local control
		  	A brake test kit shall be provided
		
	 Power pack for deck machinery
	  	BLS power pack located at bosun’s store shall be commonly used to operate forward deck machinery. One (1) power pack capable of operating two (2) mooring Winches by two
(2) hydraulic pumps at rated capacity shall Be provided at steering gear room

  
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	 Anchor
	  	two (2), high holding power type (no spare anchor)
		
	 Anchor chain cable
	  	one (1), butt welded stud link type, grade 3
		
	 Chain stopper
	  	two (2), roller dog type
		
	 Mooring rope
	  	 sixteen (16), steel wire type

30mm dia. × 200mm, each

		
	 Mooring fitting
	  	mooring chock shall be provided
		
	 Emergency towing/SPM
	  	
	 -on aft deck

-on forward deck
	  	 one (1), drum or box storage type, as per SOLAS
 two (2), chain stopper, and one (10 chafe chain (8m)
 BLS fitting excluding chafing chain shall be
commonly
 Used for emergency towing

		
	 Fore wire
	  	 two (2), galvanized wore (IRWC)
 38mm dia. × 60m, each with manual storage reel

		
	 Mooring Arrangement
	  	The arrangement shall enable at least 6 mooring lines to be used on each area (4 head lines, 2 stern lines and/or breast lines). One strong point of 200t shall be provided on the
main deck aft to comply with Petrobras offshore standard.

 430 Deck Equipment and Outfitting 

 

			
	 Cargo slop tank
	 	 one (1) per tank

	 & ballast tank access
	 	 700×1, 250mm, oval type, horizontal swivel type hatch

		
	 Sludge handing manhole
	 	 one (1) per tank, coamingless manhole, 800×600mm

	 For cargo and slop tank
	 	
		
	 Ballast tank access
	 	 One (1) per tank, coamingless manhole, 800×600mm

		
	 Engine room hatch
	 	 one (1), bolted type for provision crane, 1.5m × 2.0m

		
	 Pump room hatch
	 	 one (1), bolted type by pump room davit, 1.8m × 1.8m

  
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	 Accommodation ladder
	  	two (2), Al-alloy, vertical stowage type, fixed air motor driven
		
	 Wharf ladder
	  	buyer’s supply
		
	 Pilot ladder
	  	two (2), rope type without reel, each to be rigged on The lower platform of the accommodation ladder
		
	 Cargo tank ladder
	  	one (1) inclined ladder with upper vertical ladder for each tank
		
	 Ballast tank ladder
	  	two (2) vertical ladder for each tank in cargo area
		
	 Cargo hose handing Crane
	  	one (1), 15MT SWL, high pressure, hydraulic Single jib type hydraulic oil from power for mooring winches shall be Commonly used. (3.0m outreach from extreme
breadth)
		
	 Provision crane
	  	two (2), 10m/min, hoisting speed, 3.0m outreach from Extreme breadth, single jib type(3.2MT SWL, each)
		
	 BLS service crane
	  	one (1), 5MT SWL, high pressure, hydraulic Single jib type 10m/min. hoisting speed, 8.0m working radius
		
	 Pump room davit
	  	one (1), 0.9MT SWL, el. Motor driven
		
	 Sludge handing davit
	  	one (1), 0.2MT SWL, el. Motor driven
		
	 Helicopter deck
	  	steel helicopter deck with winch mark as per ICS shall be Provided on upper deck

 440 Lifesaving Equipment 
  

			
	 Life boat
	  	one (1), F.R.P., totally enclosed freefall type, 40 persons fresh water Cooled diesel engine with electrical starting
		
	 Lifeboat davit
	  	one (1), freefall type davit made of fabricated steel
		
	 Rescue boat and davit
	  	one (1), high speed rescue boat (25knots with 3 persons on board)
		  	Six (6) persons capacity with one (1) single point hinged type davit
		
	 Life raft
	  	Two (2) × 20p, davit launchable type
		  	Two (2) × 20p Inflatable throw overboard type
		  	One (1) × 6p Inflatable throw overboard type on forward area

  
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	 	 T0184-000-01
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	 Life raft davit
	  	one (1), single point hinged type davit
		
	 Pneumatic Line Thrower
	  	Following items shall be supplied:
	 (Supplied by Buyer)
	  	Two units, PLT Rescue 230 set, maker: Restech.
		  	Two units Art no. 1502 (Pivot Support) and two units Art no. 1503 (tube for Pivot Support). The tubes shall be installed in a permanent way at chain stopper deck and poop
deck
		  	Two units Art no. 7004 (Heavy duty projectile with rubber tip)
		  	One unit Art no. 3303 (Short launching tube)
		  	Three units Art no. 6101 (Ball projectile)
		  	One unit Art no. 6303 (ball launching tube)
		  	Vessel shall have compressor to fill-up air cylinders.
		
	 PORTABLE VHF
	  	6 (six) units, with following characteristics shall be supplied:
	 (Supplied by Buyer)
	  	Maritime mobile standard and Intrinsically safe With leather carrying case, spare batteries and desktop charger Minimum channels: 6, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 71, 72,
73, 74 and 77

 One spot emergency light for ETA main deck aft shall be installed. 

450 Fire Fighting System 
  

			
	 Engine room
	  	high expansion foam system and sea water system
		
	 Cargo pump room
	  	high expansion foam system and sea water system
	
	 Local application fire fighting fresh water spray system for engine room space

		
	 Cargo tank deck
	  	low expansion foam system and sea water system
		
	 Others
	  	sea water and/or portable fire extinguisher
		
	 Bow Loading Area
	  	One unit of Remote Controlled Fire Monitor shall be installed for BLS (Bow Loading System) area fire fighting (especially Coupling Valve) with remote control at
wheelhouse.

  
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 Smoke and Fire Detectors shall be installed at AZ Thruster rooms. 

460 Hull Piping System 
  

			
	 Water ballast pump
	  	two (2), 2,000m3/h×25mwc, centrifugal, el. Motor driven
		
	 Ballast piping
	  	two (2) main line system
		
	 Valve control
	  	
	 - Valve for main
	  	remote hydraulic Controlled butterfly valves
	 - others
	  	manual butterfly valves
		
	 Ballast eductor
	  	one (1), 300m3/h, ductile cast iron body
		
	 Water ballast pipe
	  	STPY400 or STPG370 12.7mm or sch80, ERW, T/E coating
		
	 Cargo oil pipe
	  	STPY400 or STPG370 12.7mm or sch80, ERW, T/E coating inside
		
	 Inert gas system
	  	STPG370 sch40, ERW, T/E coating inside
		
	 Fire & wash deck pipe
	  	STPG370 sch40, ERW, aluminizing for weather deck
		
	 Hot/cold water pipe
	  	copper or CPVC
	 In accommodation
	  	
		
	 Refrigerant pipe
	  	copper
		
	 Hydraulic Pipe for valve control
	  	multi-core (max. 4 cores, sus3161 ERW, sheath)
		
	 Hydraulic Pipe for deck machinery
	  	
	 - Pressure line
	  	carbon steel, SMLS
	 - return
	  	STPG370 sch80, ERW
		
	 Oil spill/bilge line
	  	at accommodation front with space valve and “U”
	 On weather deck
	  	trap drains to slop tank (P&S)

  
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	 	 T0184-000-01
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 500 Accommodation Arrangement 
 Complement 
 Vessel shall have accommodations and life-saving appliances for at least 40
people, as follows: 26 crew members in individual cabins with private bathroom, 2 cabins for cadets (4 places in each cabin) plus one cabin for repair team (6 men). Vessel shall have one mess room serving all crew, one smoking recreation room and
one non-smoking recreation room and a gymnasium. 
 Lay out 
 Spaces in accommodation, each with about 2,100mm free height, shall be grouped as follow: 
  

			
	 Public
space
	  	 Common mess
room
 Duty mess room
 Recreation room
(smokers)
 Recreation room (non-smokers)

Hospital
 Gymnasium

	 Officer space
	  	 Deck office

Engine office

	 Sanitary space
	  	 Private shower/toilet

Common W.C
 Hospital bath room

Officer laundry
 Crew’s laundry with drying
room
 Officer’s changing room

Crew’s changing room

	 Catering space
	  	 Galley

Scullery area

	 Navigation space
	  	 Wheelhouse (incl. radio space and chart
space)
 Computer Server Room (near Navigation Bridge)

	 Corridor space
	  	 Corridor

Stairway

	 Control space
	  	 Cargo control room

Engine control room in engine room

	 Machinery space
	  	 Air handling unit room

Emergency generator room
 Hydraulic Power unit
room for valve control
 Foam room & fire control station (emergency head quarter)

	 Provision space
	  	 Dry provision store

Refrigerated provision store

	 Sundry space
	  	 Converter room

Paint store
 Deck store

Garbage store
 Bonded store

Pipe/duct & electric cable trunk

Oxygen/acetylene bottle store
 Other sundry
stores and lockers

  
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	 	 Outline Specification
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	 	 T0184-000-01
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 510 Panel System 

 

			
	 - partition wall
	  	total 50mm thick mineral wool board finished with 0.6mm thick gal. Steel coated with decorated PVC film on both sides
		
	 - lining wall
	  	total 25mm thick mineral wool board finished with 0.6mm thick gal. Steel coated with decorated PVC film on the visible side and gal. Steel on the other side.
		
	 - ceiling
	  	total 25mm thick mineral wool board finished with 0.6mm thick Steel coated with baked enamel paint
		
	Lining & ceiling For catering space	  	SUS sheet (0.6mm thick) on visible side instead of galvanized steel Sheet with PVC film or enamel paint

 520 Deck Covering 
  

			
	 Underlay
	  	latex approximately. 10mm thick
		
	 Carpet
	  	captain class cabin, senior officer class cabins
		
	 Vinyl sheet (2mm thick)
	  	other cabins and public spaces except for spaces with carpet office space, control space, navigation space, recreation rooms Gymnasium & corridor space
		
	 Tile on cement
	  	
	 - mosaic tile
	  	sanitary space except laundry with drying room and changing room
	 - quarry tile
	  	catering space, laundry with drying room and changing room

  
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	 	 Outline Specification
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  

 530 Accommodation Equipment and Material 

 

			
	 Electric heated glass
	  	three (3), for wheel house front window
		
	 Window wiper
	  	three (3), electric single blade straight type
		
	 Clear view screen
	  	two (2), powered clear view screen (350mm dia.)
		
	 Wooden furniture
	  	melamine plastic laminate
		
	 Elevator
	  	shall not be provided

 One (1) galley shall be furnished with following equipment: 
 One (1)-electric galley range with 4 plates and 1 oven (approximately 15kw) 
 One (1)-electric
microwave oven (approximately 2.8kw) 
 One (1)-electric mixing machine (approximately 30L) 

One (1)-electric refrigerator (approximately 400L) 
 One (1)-electric waste dispenser (approximately 0.75kw) 
 One (1)-electric frying pan
(approximately 5.0kw) 
 One (1)-electric deep fat frier (approximately 7.0kw) 
 One (1)-electric potato peeler (approximately 3.6kg) 
 One (1)-electric meat slicer (portable,
approximately 0.15kw) 
 One (1)-stainless steel hood with grease filter 
 One (1)-working table with drawer 
 Two (2)-dresser with double sinks, stainless steel top with
drawer 
 One (1)-locker with 3 shelves, stainless steel 
 Two (2)-plate rack with cup hook 
 One (1)-cup board 

One (1)-connection oven for bakery 
 One
(1) common scullery area shall be provided. 
 Scullery area shall be furnished with following equipment: 

One (1)-electric dish washer (about 25 racks/h, front loading type) 
 One (1)-electric hot plate (about 1.0kw) 
 One (1)-electric toaster (4 slicers) 

One (1)-electric water boiler (approximately 9.0L) 
 Three (3)-electric coffee machine (approximately 1.8L) 
 One (1)-electric refrigerator
approximately 200L) 
 One (1)-stainless steel dresser with double sink 
 One (1)-plate rack and cupboard 

  
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	 	 Outline Specification
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	 	 T0184-000-01
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 One (1)-jug and cup hook 
 One (1)-working table with drawer (for utensil and cutlery) 
 One (1)-electric microwave oven
(approximately 2.8kw) 
 Two (2) laundries shall be provided with following equipment: 

Laundry equipment (1-officer’s laundry, 1-crew’s laundry) with follows: 
 Two (2)-automatic washing machine (about 7.0kg) 
 One (1)-electric drying tumble (about 5.0kg)

 One (1)-electric hand iron (approximately 1.0kw) 
 One (1)-ironing board with working table 
 One (1)-laundry tub (stainless steel) with hot and cold
fresh water faucets 
 One (1)-steel shelf 
 One (1)-stainless steel locker 
 One (1) drying room with one (1) 1.5kw electric heater
and four (4) hanging rails with hook (crew’s laundry only) 
 540 Provision Stores and Refrigerating Plant 

Refrigerated provision stores volume and temperature of compartment shall be as follows. 

 

					
	Compartment	  	Volume(m3)
	  	Temperature(°C)
	 Meat room
	  	~20	  	-23
	 Fish room
	  	~10	  	-23
	 Vegetable room
	  	~20	  	+4
	 Lobby
	  	~10	  	 
	 Dry provision store
	  	~40	  	Air conditioned

 Volume of each compartment may be adjusted in accordance with detail design of the accommodation arrangement. 

550 Sanitary Equipment 
  

			
	Toilet system	  	vacuum type
		
	Drinking water fountain	  	three (3), self contained deck mounting type

 560 Air Condition System 
 Central, high pressure, single duct with heating system, R-407C, direct expansion type 

  
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	 	 Outline Specification
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  

							
	  	  	  	  	Temperature(°C)
Dry bulb	  	 Relative
 humidity (%)

	 Summer
season
	  	Outside air	  	+35	  	70
	 	  	Inside air	  	+27	  	50
	 Winter
season
	  	Outside air	  	-15	  	 
	 	  	Inside air	  	+21	  	50

  

			
	Fresh air ratio:	  	50%
		
	Air handling unit:	  	two (2), 50%
		
	Condensing unit:	  	two (2), 50%
		
	Heating medium:	  	7kg/cm2, saturated steam

 Air changing rate (according to the rules /regulations) 

 

					
	compartment	  	
Air change

per hour
	  	Remarks
	Private space	  	6	  	 
	Public space	  	8	  	 
	Office space	  	8	  	 
	Catering space	  	8	  	Spot air cooling/heating
	Changing room	  	3	  	Spot air cooling/heating
	Wheelhouse/radio space/chart space	  	10	  	Spot air cooling/heating
	Dry provision store	  	5	  	Spot air cooling/heating
	Laundry& drying room	  	8	  	Spot air cooling/heating
	Cargo control room	  	10	  	 

 Remark: a fan coil unit for galley, one (1) set × 20,000kcal/h 

  
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	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 600 Engine Room Machinery General 
  

			
	H.F.O.	  	600cst at 50°C
	Cooling	  	centralized F.W. cooling

 Common F.O. system shall be applied for M/E & G/E. 
 601 Propeller and Shafting 
  

			
	Propeller	  	one (1), controllable pitch, Ni-Al-Br
		
	Stern tube seal	  	compact lip seal (subject to discussion with Maker), 3-aft and 2-forward
		
	Stern tube bush	  	cast iron with white metal lining
		
	Inter shaft bearing	  	self lubricated, F.W cooling

 602 Steam Generating Plant 
  

			
	Auxiliary boiler	  	one (1), 20 ton/h × 7 kg/cm2
		
	Exhaust gas economizer	  	one (1), 1.2 ton/h × 7 kg/cm2 at M/E NCR

 603 Electric Generating Plants 
  

			
	Main generator set	  	four (4), 2500kw × 720rpm, IP23, 4-stroke, inline
		
	Emergency generator set	  	one (1), 700kW × 1800rpm, IP23 (MDO)

 604 Purifier 
  

			
	H.F.O purifier	  	two (2), 3100L/h, automatic, self cleaning, sg=1.01
		
	Main L.O. purifier	  	two (2), 2100L/h, automatic, self cleaning
		
	D.O purifier	  	one (1), 600 L/h, automatic, self cleaning

  
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	 	 T0184-000-01
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 605 Centrifugal Pump 
  

							
		  	Casing	  	impeller	  	shaft
	F.W and feed W	  	cast iron	  	bronze	  	stainless steel
	S.W (Ballast, Fire & Cooling)	  	bronze	  	stainless steel	  	stainless steel
	S.W	  	bronze	  	phosphor bronze	  	stainless steel

 606 Rotary Pump 
  

							
		  	Gear pump	  	screw pump	  	single rotor pump
	Casing	  	cast iron	  	cast iron	  	cast iron
	Power rotor	  	—  	  	carbon steel	  	stainless steel
	Idle rotor	  	—  	  	nodular cast iron	  	—  
	Gear	  	carbon steel	  	—  	  	—  
	Shaft	  	carbon steel	  	—  	  	—  
	Stator	  	—  	  	—  	  	synthetic rubber

 607 Tubular Type Heat Exchanger 
  

			
	Shell	  	steel plate or steel pipe
	Water box	  	cast iron or steel fabricated
		  	Neoprene lining internally for S.W box
	Tube plate	  	naval brass
	Tube	  	Aluminum brass

 608 Plate Type Heat Exchanger 
  

			
	Plate	  	titanium for S.W
		  	Stainless steel for F.W/L.O
		
	Frame	  	mild steel

 609 Piping 
  

					
	Cooling S.W	  	65mm and above	  	SPP or STPY, polyethylene coating inside
		  	50mm and below	  	STPG370E, sch. 80, galv.
			
	Cooling F.W	  	all size	  	SPP
			
	Compressed air	  		  	

  
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
  

					
	starting air	  		  	STPG370S, sch40
	Control air	  		  	copper or STPG370E, sch.40
	General Service	  		  	STPG370E, sch.40
			
	Lubrication oil	  	all size	  	SPP
	Fuel oil	  		  	
	F.O circulating	  		  	STPG370S, sch.40
	Purifier	  		  	STPG370E, sch.40
	Feed water and	  	feed water delivery	  	STPG370S, sch.40
	Condensate	  	other	  	SPP
			
	Steam	  	supply 16kg/cm2	  	STPG370S, sch.40
		  	other	  	SPP
			
	E/R bilge	  	all size	  	STPY or STPG370E, sch.40, galv.
			
	Sanitary F.W	  	all size	  	copper or SPP, galv.
			
	Sewage discharge	  	all size	  	STPG370E, sch.40, galv.
			
	Heating coil*	  	all size	  	STPG370s, sch.80
			
	Exhaust pipe	  	all size	  	welded steel plate or SPP

  

	*	drum type heating unit shall be provided. 

610 Fuel Oil System 
  

	1-	Fuel oil transfer pump 

  

	1-	Diesel oil transfer pump 

  

	2-	M.E & G.E fuel oil supply pump 

  

	2-	M.E & G.E fuel oil circulating pump 

  

	1-	Auxiliary boiler F.O. boost pump 

  

	1-	M.E. & G.E viscorator 

  

	2-	M.E. & G.E fuel oil heater 

  

	2-	Auxiliary boiler fuel oil heater 

  

	1-	M.E. & G.E. fuel oil auto filter 

  

	3-	Fuel oil flow meter 

  
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	 	 Outline Specification
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 611 Lubrication Oil System 
 Uni-lubrication oil system shall be applied for main engine
according to the main engine manufacture’s latest design 
  

	1-	lubrication oil transfer pump 

  

	2-	main lubrication oil pump 

  

	1-	M.E. L.O cooler, plate type 

  

	1-	M.E. L.O auto. Filter 

 612 Cooling System

 Central cooling fresh water system shall be provided 
  

	2-	main cooling sea water pump 

  

	2-	Low temperature fresh water pump 

  

	1-	I.G scrubber C.S.W pump 

  

	2-	Deck water seal C.S.W pump 

  

	2-	M.E. J. C. F. W. pump 

  

	2-	Central F.W. cooler, each 50%, plate type 

  

	1-	M.E. air cooler cleaning pump 

  

	1-	anti-fouling device for cooling S.W 

 613
Compressed Air System 
  

	2-	Main air compressor, reciprocating, water cooled 

  

	1-	General service air compressor, screw, air cooled 

  

	1-	Control air compressor, screw, air cooled 

  

	2-	Main air reservoir 

  

	1-	General Service air reservoir 

  

	1-	Control air reservoir 

  

	2-	Control air dryer 

 614 Steam,
Condensate & Feed Water System 
  

	2-	Auxiliary boiler feed pump 

  

	2-	Boiler water circulating pump 

  

	1-	Atmospheric dump drain condenser 

  
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	 	 Outline Specification
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	 	 T0184-000-01
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 615 F.W Sanitary System 
  

	1-	F.W. generator, 30 ton/day, plate type 

  

	1-	F.W. hydrophore unit 

  

	1-	calorifier 

  

	2-	Hot water circulating pump 

  

	1-	F.W sterilizer 

 616 Engine Room Bilge System

  

	2-	Fire, bilge & G.S. pump 

  

	1-	 Oily water separator,
5m3/h 

 

	1-	Sludge pump 

  

	1-	Engine room bilge pump 

 617 Maintenance
Equipment, Workshop Machinery 
  

	1-	Engine room crane, overhead type 

  

	1-	Lathe 

  

	1-	Drilling machine 

  

	1-	Grinder 

  

	1-	Gas welder 

  

	1-	Electric arc welder 

 618 Engine Room
Ventilation 
  

	4-	Engine room supply fan, two (2) sets reversible, and axial flow type 

  

	1-	Purifier room exhaust fan. Mushroom header type 

  

	1-	Exhaust fan for welding space 

  

	1-	Unit cooler for engine control room, package type 

 619 Waste Disposal System 
  

	1-	Incinerator, 500,000kcal/h 

  

	1-	Sewage treatment, biological, vacuum device combined type 

  
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	 	 Outline Specification
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 700 Automation System 
 Remote and automatic controls and instrumentation shall be provided
for the propulsion plant and auxiliary according to the requirements of the class for unattended machinery space. 
 710 Control Space

 Engine control room (ECR) 
 Cargo
control room (CCR) 
 Wheelhouse 

720 Automation System for Machinery 
  

			
	Main engine remote control system	  	wheelhouse, bridge wings and ECR
	Auxiliary equipment control system	  	
	 Steam generating plant
	  	local manual/automatic control
	 Electric generating plant
	  	remote manual/ automatic control

 730 Integrated Control and Monitoring System (ICMS) 
 Redundant process station 
 Man-machine interface 

2×20” CRT, 2 × keyboard, 2 × printer in ECR 
 2×20” CRT, 2 × keyboard, l × printer in CCR 
 2×20” CRT, 2
× keyboard in wheelhouse 
 1× UPS 
 Alarm and monitoring for engine room operation 
 Binary signal: approximately 150 points

 Analog signal: approximately 100 points 
 Stand-by start of essential pumps in engine room 
 Control and monitoring for cargo/ballast system

 740 Cargo and Ballast Monitoring System 
 Remote sounding and draught measuring system: 
 Air purge type, for each water
ballast tank, peak tank and draught (4) 
 Electric pressure transducer type, for each H.F.O & D.O. storage, settling,
service tank 
 Draught measurement 
 Cargo monitoring system: 
 Integrated into ICMS 

Cargo tanks and slop tanks level (radar beam type) and temperature (2 points/tank) 

Remote operation and indication of cargo valve and ballast valve 
 Cargo manifold pressure indication 
 Remote control reading of liquid
pressure/temperature 

  
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	 	 Outline Specification
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 Cargo Control System: 
 Cargo Control System shall be installed with two
(2) control stations located in the Wheel House. The system shall allow the supervision and control of cargo load and discharge operations from either CCR or Wheel House. All the information and controls necessary for a safe cargo loading
operation shall be available at both sites, including start/stop/control of cargo and ballast pumps, open/close of the cargo and ballast valves needed for those operations, cargo and ballast tanks level and temperature measurement and inert gas.
Cargo tanks level measurement system shall be of Radar Type with readings at Wheelhouse and CCR. 
 Ballast Monitoring System: 

Ballast tanks and peak tanks level 
  

			
	Independent overfill alarm system	  	to be provided
		
	Loading calculator	  	one (1), on-line

 750 Alarm and Calling System 
  

	1-	emergency general alarm system 

  

	1-	fire detection system 

  

	1-	foam release alarm system 

  

	1-	emergency engineer alarm system 

  

	1-	hospital calling system 

  

	1-	ref. chamber alarm system 

  

	1-	engine room dead man alarm system 

  

	1-	engine room patrol man call alarm 

 The alarm
and monitoring system shall have one Operator Station at Wheel House and one at ECR. Bilge Alarm for Thrusters rooms shall generate audio and visual indication on ECR, CCR and Wheel House. All pitch command and feed back signals as well the power
consumption and trip signals to have failsafe (wire break) and out-of-range monitoring functions. 
 Alarms shall be provided for redundant
power supplies and UPS. 

  
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 760 Dynamic Positioning System 
 DPS - DYNAMIC POSITIONING SYSTEM A dual system, SDP21 with
two (02) SDP-OS Operator Station, one Joystick Station and a Dual Redundant Controller Unit, type DPC-22 shall be fitted. 
 DP sensors to
be included in the system are: 2 MRUs, 2 Wind Sensors with separated displays and 2 Gyros (one can be the vessels Gyro), both being capable to be used in DP System and navigation, as well. 
 DP system shall be interfaced to the thrusters, CPP, Rudder, ME, Power Management System, Vessel Monitoring and Control System and Vessels draft. The system shall incorporate the following softwares:
“Tandem Mode”, Weather Vane Mode, “On Line Capability Plot”, “On Line Consequence Analysis” and “Motion Prediction”. One wheelhouse display for Hawser Tension, with large digits shall be provided
(Simrad/London Electronics Ltd P1754 or equivalent). 
 One (1) DP Operator chair installed over rails that enable the chair to access all
control consoles to be provided. 
 PRS - Position Reference Systems: The vessel shall be fitted with: one ARTEMIS MK5, one DARPS 700 and one
Fanbeam MK4. The antennas of the Artemis, the Fanbeam and one DARPS GPS shall be installed on the forward mast. Receivers for GPS corrections to be included: IALA, Petrobras UHF465, Fugro (Spot Beam and Inmarsat). 

PMS - POSITION MONITORING SYSTEM - An independent system capable of logging all reference systems and to evaluate the function of same systems in
parallel with DP systems (BLOM Logger or similar) shall be fitted. All logged data shall be available for retrieval as open files (excel or similar). 
 THRUSTERS (Can be hydraulic CPP or fixed pitch with variable frequency driver) 
 ZERO PITCH
SYSTEM: M/E Controlled Pitch Propeller shall be fitted with a Zero Pitch System. 
 ME shall be prepared for DP operation with close attention
for slow speed operation. 
 New auxiliary thrusters to be installed as follows: 

 

	 	•	 	 one (1) bow tunnel thruster with 2,000 kW; 

  

	 	•	 	 one (1) stern tunnel thruster with 1,100 kW; 

  

	 	•	 	 one bow azimuth thruster (retractable or swing-up type) with 2,200kW; 

 

	 	•	 	 one stern azimuth thruster (retractable or swing-up type) with 2,200 kW; 

  
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	 	 T0184-000-01
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 The vessel shall load at F(P)SO’s equipped either with turret system or spread moored system. The entire integrated DP system, including power units, shall have the following Operating Weather
Conditions for mooring / loading operations / unmooring: 
  

									
	Wave:	  	    Hs = 3.5 m	  	 	Tp = 9.0 s	  	  	
	Wind	  	    Vv = 15,0 m/s	  				  	
	Current	  	    Vc =1.10 m/s	  				  	

 DP Capability Plots shall be calculated considering: 

 

	 	•	 	 Turret type F(P)SO’s: waves and wind in the same direction of the shuttle tanker (0 degree with bow) and the current rotating.

  

	 	•	 	 Spread Moored type F(P)SO’s: waves and wind in the same direction of the shuttle tanker (0 degree with bow) and the current rotating, as well as
current in the same direction of the shuttle tanker (0 degree with bow) and wind/waves rotating. 

 The Capability Plots shall
be calculated both for normal ballast condition and for full load condition. For each condition, the following sub-conditions shall be considered: 
 all thrusters available (bow tunnel thruster, bow azimuth thruster, stern azimuth thruster, stern tunnel thruster and main propeller × rudder); 

all thrusters available except the bow tunnel thruster; 
 all thrusters available except the bow azimuth thruster; 
 all thrusters available
except the stern tunnel thruster; 
 all thrusters available except the stern azimuth thruster; 

all thrusters available except the set main propeller × rudder. 
 Each Load Condition × Thruster Availability shall be plotted considering current velocities of 0.5 knot, 1.0 knot, 1.5 knots and 2.0 knots and wind velocities of 6.0 m/s, 10.0 m/s, 14.0 m/s and 16.0
m/s. 
 There shall be presented 96 Capability Plots. In earlier design stage, five (5) cases with 2.0 knots current and 16.0m/s wind shall
be presented. 
 Although not required by class, redundancy at control and supervision level shall be extensively implemented. 

  
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 FMEA (FAILURE MODE AND EFFECT ANALYSIS) shall be performed by a third party, and shall include a theoretical study and proving trials. It shall be performed to determine the suitability and reliability of
vital system and to identify any failures that may lead to a loss of position, loss of power generation or a loss of main propulsion while the vessel is operating in DP mode. After the conversion works a FMEA proving trial shall be carried out on
board in order to verify the theoretical analysis. A final report shall be issued and critical findings shall be properly corrected. 
 770
Miscellaneous 
 CCTV system 

CCTV - Close Circuit Color Television Monitoring System One full matrix switched system with PTZ (pan, tilt and zoon) cameras shall be installed.

 Recommended minimum system: 

Camera: 
 1- for Coupling Valve,

 1- for BLS Winch, 
 1- at fwd Mast, 
 1- at each Thruster room, 

2- at amidships mast — manifolds supervision, 
 1- at Main Deck aft and 2 for Engine Room. 
 Monitors and Control Panel at Bridge
— (3 monitors and 1 Control Panel), 
 Engine Room (2 monitors and 1 Control Panel) and 

Cargo Control Room (1 monitor and 1 Control Panel) 
 Location of the cameras shall be discussed according to the project and vessels particulars. 

Local area network 
 LAN cables (CAT.5)
and wall sockets for nine (9) locations: builder’s scope 
 All hardware (PCs, hub and server): buyer’s scope 

TELEMETRY 
 TELEMETRY shall be provided
by the Buyer. Details of the system will be supplied in due time. 
 HYDRAULIC OIL FILTERS 

Hydraulic power systems shall have dedicated oil filter CJC type or equivalent per system. The following systems, if fitted, must have their own CJC
filter: 
 M/E CPP 
 Thrusters CPP 
 BLS winch 

  
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 UNINTERRUPTIBLE POWER SUPPLIES AND REDUNDANT POWER SUPPLIES 
 UPSs shall be provided for DP
System equipments, sensors and controllers. At least two UPSs shall be used to provide full redundancy for DP System equipments, sensors and PRS. Control System of new engines and thrusters shall have a redundant power supply. Signal splitter units
shall have power supply from same source that feeds the signal generator equipment. 

  
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 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 800 Electric System 
 Applied voltage: AC440V, AC220V, 60Hz and/or DC 24V 

Electric cable: the cable throughout vessel shall be compliance with IEC60332-1 (flame retardant) 

Engine room: 
 Ethylene propylene rubber
insulated PVC sheathed and steel and/or copper wire braided 
 Weather deck: 
 E.P rubber insulated PVC sheathed and steel and/or copper wire braided with PVC covering 

Accommodation: 
 Ethylene propylene rubber
insulated PVC sheathed 
 810 Electric Source 
 The generators shall serve under various conditions as follows: 
  

							
	 Normal see going:
	 	lx D/G	 		 	
	 Maneuvering with 1-bow thruster
	 	2x D/G	 		 	
	 Cargo loading in DP mode
	 	4x D/G with open bus-tie	 		 	
	 Cargo discharging
	 	3x D/G	 		 	
	 Rest in port
	 	lx D/G or lx E/G	 		 	

 Transformers: 
  

	2-	1500KVA 6600V/445V three phase for 440V general service 

  

	2-	160KVA 440V/225V three phase for 220V general service 

  

	2-	60KVA 440V/225V three phase for emergency 

  

	3-	5KVA 440V/225V single phase for ship’s forward service 

 Storage battery 
 1-220AH, DC24V maintenance free sealed lead-acid type for general use

 1-maintenance free sealed lead-acid type for radio plant 
 Each battery set shall have separate battery charger 

  
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	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 820 Switchboard 
 6600V main switchboard 

Four (4) diesel generator panels, one (1) bus tie panel, two (2) transformer feeders, four (4) thruster feeder/starters (both feeder
for stern thruster), three (3) cargo pump feeder/starters 
 440V switchboard 
 one (1) bus tie panel, two (2) 440V feeder panels, two (2) 220V feeder panels and two (2) group starter panels (fixed type) 
 Emergency switchboard 
 one (1) emergency generator panel, one (1) 440V emergency feeder
panel, one (1) 220V emergency feeder panel, one (1) group starter panels (fixed type) and shore connection facility (AC440V, 60Hz, 3Ph, 500A) 
  

			
	 Distribution boards
	  	to be provided in accordance with detail design
	 Test panel
	  	not to be provided

 The following functions are required on the Power Management System (to be integrated in Automation System): 

load dependent start/stop 
 start blocking of heavy consumers 
 blackout recovery 

load sharing with options: symmetric/asymmetric load sharing, 
 fixed load and manual load sharing 
 power limitation / thruster pitch reduction

 load shedding 
 mimic graphics - showing power consumption of thrusters, load of gensets, etc., to provide a quick view of status and safety margins during DP operations. 

  
 Page 37 of 40

					
	

	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 830 Electric Motor and Starter 
 Motor 

High voltage motors shall be supplied in accordance with the manufacturer’s standard and IEC. Squirrel cage induction type and insulation class B or
F. 
  

					
	Motors in E/R floor deck	  		  	
	 and below
	  	totally enclosed type (IP44)	  	
	 Motors in E/R others
	  	drip proof (IP23)	  	
	 Accommodation and other space
	  	drip proof (IP23)	  	
	 Exposed to weather
	  	water proof type (IP56)	  	

 Motors installed on weather deck, steering gear motor, emergency fire pump motor, hydraulic Oil pump motor for deck
machinery/thrusters, ballast pump motors and high voltage motors shall be provided with space heater. 
 Starter 

Over current protection by thermal two-element type over current relay shall be applied. Ammeter shall be provided for motors with capacity 15kw and
above. 
 Running meters for the duplicated motors. 
 840 Lighting System 
 The lighting shall be fed from the 220V, 60Hz, 1Ph, normal &
emergency supply system. 
  

					
			
	 Machinery space
	  	halogen lamp, fluorescent lamp, incandescent lamp	  	
			
	 Accommodation
	  	fluorescent lamp, incandescent lamp	  	
			
	 Space exposed to weather
	  	high pressure sodium flood lamp, incandescent lamp	  	
			
	 3kw Suez Canal search light
	  	buyer’s supply	  	
			
	 2kw search light
	  	buyer’s supply. One search light shall be installed at bow (fwd mast), with remote control on wheelhouse. Minimum capacities: 2,000W, 250 meters range	  	

 Navigation & signal lights to be connected to a panel with control switches and indication lamps graphically
arranged, audible and visible signal alarm, and the panel to be installed in bridge control console. 
 Lighting on wheelhouse shall be
compliance with the requirements for DP and Cargo Operation. 

  
 Page 38 of 40

					
	

	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 850 Navigation Equipment 
 1-magnetic compass (transmitting type) 

1-Auto pilot with a course recorder and 3 gyro compass with five (5) gyro repeater 
 1-rudder angle indicator (4-indicators) 
 1-echo sounder with one (1) transducer, 1-digital
depth indicator 
 1-doppler speed log (2-axis type) with two (2) remote indicators 
 2-radar 
 S-band 17” CRT with ARPA 

X-band, 17” CRT with ARPA 

1-integrated navigation system 

1 set, navigation information display 
 2 sets, ECDIS (21”) 
 2-anemometer and anemoscope (a part of DP system) 

2-DGPS navigator 
 1-automtic identification
system 
 1-voyage data recorder 

860 Radio Equipment 
 Radio equipment to
comply with the GMDSS requirement for A3.area 
 1-radio station (250W) 
 MF/HF transceiver with DSC control unit 
 DSC watch keeping receiver 

2-VHF radio telephone with one (1) DSC watch receiver 
 1-INMARSAT B 
 1-INMARSAT C 
 1-satellite E.P.I.R.B 
 1-navtex receiver 
 1-weather facsimile 
 3-Portable VHF transceiver 

2-Radar transponder 
 8-portable UHF transceiver
(walkie-talkie) 
 1-telemetry system for shuttle tanker 
 External communication equipment shall comply with GMDSS area 3 requirement. 

  
 Page 39 of 40

					
	

	 	 Outline Specification
 105,000 DWT Shuttle Tanker
	 	 T0184-000-01
 Rev. 1 (2007-10-18)

  

 
  
 870 Communication Equipment 
 1-auto telephone (56 lines) 

1-sound powered telephone (9 stations) 
 1-public
address (dual 400w amp.) & talk-back system (4 stations) 
 1-whistle (each one air horn and electric horn) 

1-electric clock system (13 slave clocks) 

1-ship security alert system 
 880
Entertainment Equipment 
 1-broadcast & television receiving communal aerial system 

TV SET, Hi-Fi stereo sets etc. recreation equipment no to be supplied by the builder. 
 890 Instrumentation 
 The instrumentation used on power and distribution panels, the main
circuit breaks and protective devices shall have valid certificates of calibration. If these certificates are not available, or if they are out of date, calibration to be performed (preferably during conversion time) and new certificates to be
issued by a company recognized by a major class society. The following instruments must have calibration certificates: 

Instruments of Main and Emergency Switchboard Voltmeters, Ammeters, Power meters, etc. 

Main circuit breaks (generators, bus ties, thrusters and heavy consumers) Overhaul revision and trip levels verified. 

Protective devices of M/E, D/Gs and most important equipment (thermostats, pressure switches, sensors, etc.) 

  
 Page 40 of 40

					
	

	 	 MAKER LIST
 T0184-000-04 Rev. 1
	 	 Page
 1

  
  

 
  

													
	 ORIGINAL
  

Note on Status:
  

A      Submitted for Owner Review.

B      Owner’s comments incorporated.

C      Submitted for Class Society Review.

D      Class Society’s comments incorporated.

E       Issued for Construction.

F       As-built Drawings.

	 						 
	 	  		  		  		  		  		  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	 	 	 	 	 
	25-Oct-07	  	1	  	Revised as per Owner Comments.	  	F. B. Liu 	  	S. Y. Wang 	  	W. J. Zhu
	6-Oct-07	  	0	  	Issued for review.	  	F. B. Liu 	  	S. Y. Wang 	  	W. J. Zhu
	Date	  	Rev. No.	  	Description	  	Designed 	  	Checked 	  	Approved
	STATUS	  	    A B C D E F
	 	 	 	 
	BUILDER	  	COSCO SHIPYARD GROUP CO. LTD	  	HULL NO.	  	TBA
	  	  	CLASS	  	DNV
	OWNER	  	

	  	Knutsen OAS Shipping AS

Smedasundet 40, N-5529 Haugesund, Norway
 Tel +47 52 70 40 00 Fax +47 52 70 40 40 Website: www.knutsenoas.com

	 	 
	PROJECT	  	105,000DWT Afrmax DP Shuttle Tanker
	MAKER
LIST	  	DWG. NO.	  	T0184-000-04
	  	SFI NO.	  	N/A
	  	SCALE	  	SHEET	  	DATE
	  	N/A	  	1 of 12	  	25-Oct-07
	 

	  	COSCO SHIPYARD GROUP CO. LTD
	  	No. 37 Dongbei Road, E.T.D.Z District, Dalian, China	  	Email: offshore@cosco-shipyard.com
	  	Tel: +86 411 3922 9421 Fax: +86 411 3922 9420	  	Website: www.cosco-shipyard.com
	 
	This drawing or document is
the intellectual property of COSCO shipyard group Co., Ltd and may not be reproduced, sold or use in whole or in parts for any propurse without the written approval of COSCO shipyard group Co. Ltd.

					
	

	 	 MAKER LIST
 T0184-000-04 Rev. 1
	 	 Page
 2

  
  

 

 1. MATERIAL PROTECTION & CARGO HANDLING & OUTFITTING 

 

							
	No.	  	ITEM	  	MANUFACTURER	    	REMARKS
	 1
	  	PAINT	  	INTERNATIONAL PAINT	    	China
	  	  	HEMPEL	    	Ditto
	  	  	SIGMA	    	Ditto
	  	  	JOTUN	    	Ditto
	 2
	  	ICCP	  	ACG	    	Italy
	  	  	CATHELCO	    	UK
	  	  	KC LTD	    	Korea
	  	  	WILSON WALTON	    	UK
	 3
	  	CARGO OIL & BALLAST PUMP	  	HAMWORTHY KSE	    	Singapore
	  	  	SHINKO	    	Japan
	 4
	  	REMOTE CONTROL VALVES FOR CARGO & BALLAST SYSTEM	  	DANFOSS	    	 
	  	  	PLEIGER	    	Germany
	  	  	NAKAKITA	    	Japan
	  	  	SCANA HYDRAULIC	    	Norway
	 5
	  	INERT GAS PLANT	  	HAMWORTHY KSE	    	Norway
	  	  	AIR PRODUCT	    	Norway
	  	  	AALBORG /SMIT	    	Denmark
	 6
	  	ODMS	  	SEIL SERES	    	Korea
	  	  	JOWA	    	Sweden
	  	  	VAFKO	    	Korea
	 7
	  	P/V VALVE	  	TANK TECHEIL SERES	    	Korea
	  	  	SEWON	    	Korea
	  	  	PRESS-VAC	    	Denmark
	 8
	  	TANK CLEAN MACHINE	  	CONSILIUM TOFTEJORG	    	Sweden
	  	  	POLAR MARINE	    	Norway
	  	  	ALVA LAVAL	    	Sweden
	  	  	SCANJET	    	Sweden
	 9
	  	BOW LOADING SYSTEM	  	PUSNES	    	Norway
	  	  	APL	    	Norway
	 10
	  	GRE PIPE	  	AMERON	    	Singapore
	  	  	EDO (FIBERBOND)	    	U.S.A
	 11
	  	HAND DIPPING DEVICE	  	MMC ASIA	    	Japan
	  	  	TANK SYSTEM	    	Switzerland
	  	  	TANK TECH	    	Korea
	 12
	  	STEERING GEAR	  	PORSGRUND	    	Norway
	  	  	HATLAPA	    	China
	  	  	ROLLS ROYCE / ULSTEIN	    	Norway
	  	  	KAWASAKI WUHAN	    	China

					
	

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 T0184-000-04 Rev. 1
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	No.	  	ITEM	  	MANUFACTURER	    	REMARKS
	 13
	  	THRUSTER	  	BRUNVOLL	    	Norway
	  	  	ROLLS ROYCE / ULSTEIN	    	Norway
	  	  	LIPS	    	Holland
	  	  	KAWASAKI	    	Japan
	 14
	  	 WINDLASS AND
 MOORING WINCH
	  	HATLAPA	    	China
	  	  	ROLLS- ROYCE	    	Norway/China
	  	  	IHI	    	China
	  	  	KAWASAKI WUHAN	    	China
	  	  	PUSNES	    	Norway
	 15
	  	ANCHOR	  	WUZHOU MARINE CASTING PLANT	    	China
	  	  	ZHENJIANG ZHENGMAO GROUP	    	China
	  	  	RUGAO HAIYANG	    	China
	  	  	JIANGSU YUANYANG	    	China
	 16
	  	CHAIN CABLE	  	CHINA	    	 
	 17
	  	CHAIN CABLE STOPPER	  	CHINA	    	 
	 18
	  	EMERGENCY TOWING	  	TANK TECH	    	USA
	 19
	  	ACCOMMODATION LADDER & WINCH	  	ZHENGJIANG LISHENG	    	China
	  	  	JIANGYAN MARINE EQUIPMENT PLANT	    	China
	  	  	HUANGSHAN XINGHAI MARINE EQUIPMENT PLANT	    	China
	  	  	JIANGSU VICTOR MARINE AUX. C/L	    	China
	 20
	  	LIFEBOAT & RESCUE BOAT	  	JIANGYIN NORSAFE	    	China
	  	  	HARDING	    	China
	  	  	JIANGYIN XINJIANG	    	China
	  	  	HATECKE	    	Germany
	 21
	  	LIFEBOAT & RESCUE DAVIT	  	BEIHAI S/Y (CHINA)	    	China
	  	  	JIANGSU VICTOR MARINE AUX. C/L (CHINA)	    	China
	  	  	JIANGYIN NORSAFE	    	China
	  	  	HADING	    	China
	  	  	HATECKE	    	Germany

					
	

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 T0184-000-04 Rev. 1
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	No.	  	ITEM	  	MANUFACTURER	    	REMARKS
	 22
	  	LIFERAFT	  	HYGRAPHA	    	Germany
	  	  	DSB	    	Germany
	  	  	VIKING	    	Denmark
	  	  	RFD	    	U.K
	  	  	CHINA-MADE	    	 
	 23
	  	PROVISION CRANE	  	JIANGYIN HUADONG	    	China
	  	  	DREGGEN	    	Norway/China
	  	  	TTS	    	China
	 24
	  	CO2 FIRE EXTINGISHING	  	UNITOR	    	Norway
	  	  	NK	    	Korea
	  	  	SEAPLUS	    	Korea
	  	  	TYCO	    	U.K
	 25
	  	FOAM FIRE EXTINGISHING	  	UNITOR	    	Norway
	  	  	NK	    	Korea
	  	  	SEAPLUS	    	Korea
	  	  	TYCO	    	U.K
	 26
	  	SURVIVAL SUITS	  	VIKING	    	Denmark
	  	  	RFD	    	U.K
	 27
	  	FIREMAN’S OUTFIT (LOOSE PARTS)	  	UNITOR	    	Norway
	  	  	NK	    	Korea
	 28
	  	LOOSE LIFESAVING EQUIPMENT	  	COSCO	    	Korea
	  	  	UNITOR	    	Norway
	 29
	  	CARGO CONTROL SYSTEM	  	BJORGE STEINCO	    	Norway
	  	  	LYNGSO MARINE	    	Denmark
	  	  	KONGSBERG	    	Norway
	  	  	MOLAND	    	 
	 30
	  	LOADING COMPUTER	  	TECHMARINE	    	Korea
	  	  	NAPA	    	Finland
	  	  	CONSULTAS	    	Norway
	  	  	MARINE ALIGNMENT	    	Denmark

					
	

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 T0184-000-04 Rev. 1
	 	 Page
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 2. ACCOMMODATION 

 

							
	NO.	  	ITEM	  	MANUFACTURER	    	REMARKS
	 1
	  	INSULATION	  	CHINA	    	 
	 2
	  	DECK COVERING	  	CHINA	    	 
	 3
	  	PARTITION WALL, CEILING	  	CHAO YANG MACHINERY PLANT	    	China
	  	  	HUANAN BUILDING MATERIALS CO., LTD	    	China
	  	  	JIANG SU HAI LU (CHINA)	    	China
	 4
	  	LAVATORY UNIT	  	CHAO YANG MACHINERY PLANT	    	China
	  	  	SHANGHAI HUI HE	    	China
	  	  	NORAC-SUZHOU	    	China
	 5
	  	GRP DOOR	  	LIBRA	    	Norway/China
	 6
	  	FURNITURE	  	CHINA	    	 
	 7
	  	GALLEY AND LAUNDRY	  	ELECTROLUX	    	Sweden
	  	  	AROX	    	Singapore
	  	  	SAMJOO	    	Korea
	  	  	METOS	    	Finland
	  	  	BEHA HEDO	    	Norway
	 8
	  	TOILET UNIT	  	BULL	    	Korea
	  	  	WARTSILA	    	Korea
	 9
	  	VACUUM TOILET SYSTEM	  	JETS	    	Norway
	  	  	EVAC	    	Finland
	 10
	  	AIR CONDITIONING PLANT, PROVISION REFRIGERATING, PLANT	  	HEINEN & HOPMAN	    	Holland
	  	  	SABROE	    	Denmark
	  	  	NAMIREI/DAIKIN	    	Japan
	  	  	VIKING	    	Singapore
	  	  	HI-PRESS	    	 
	 11
	  	WINDOW WIPER	  	JUNG-A	    	Korea
	  	  	WYNE	    	U.K

					
	

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 T0184-000-04 Rev. 1
	 	 Page
 6

  
  

 
 3. MACHINERY PART 

 

							
	No. 	  	ITEM	  	MANUFACTURER	    	REMARKS
	 1
	  	MAIN ENGINE	  	MAN B&W	    	China
	  	  	WARTSILA	    	Finland
	  	  	MAN B&W	    	Japan
	 2
	  	PROPELLER	  	ROLLS-ROYCE	    	Sweden
	  	  	LIPS	    	Holland
	  	  	KAWASAKI	    	Japan
	 3
	  	AUXILIARY BOILER	  	AALBORG	    	China
	  	  	SAACKE	    	China
	  	  	MITSUBISHI	    	Japan
	 4
	  	EXHAUST GAS ECONONIZER	  	AALBORG	    	China
	  	  	SAACKE	    	China
	  	  	MITSUBISHI	    	Japan
	  	  	KANGRIM	    	Korea
	 5
	  	AUXILIARY ENGINE	  	WARTSILA	    	Korea
	  	  	DAIHATSHU	    	China
	  	  	MAN B&W HOLEBY	    	Denmark
	  	  	Mak	    	German
	 6
	  	EMERGENCY DIESEL GENERATING SET	  	NORHAVN	    	Denmark
	  	  	CUMMINS	    	China
	  	  	LINDEBERG +ANLAGEN	    	Germany
	  	  	CARTEPILLAR	    	USA
	 7
	  	PURIFIER	  	ALFA-LAVAL	    	Sweden
	  	  	WESTFALIA	    	Germany
	 8
	  	F.O SUPPLY MODULER UNIT	  	KUPER+WOLF	    	Germany
	  	  	AURAMARINE ASIA LTD (CHINA)	    	China
	  	  	ALFA LAVAL	    	Sweden
	 9
	  	CENTRIFUGAL PUMP	  	ALLWEILER	    	Germany
	  	  	SHINKO	    	Japan
	  	  	HAMWORTHY	    	Norway
	  	GEAR PUMP	  	ALLWEILER	    	Germany
	  	  	HAMWORTHY	    	Norway
	  	EMERGENCY FIRE PUMP	  	SHINKO	    	Japan
	  	  	ALLWEILER	    	Germany
	  	  	HAMWORTHY	    	Norway
	 10
	  	AIR COMPRESSOR	  	HATLAPA	    	Germany
	  	  	NK	    	Germany
	  	  	SPERRE	    	Norway

					
	

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 T0184-000-04 Rev. 1
	 	 Page
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	No. 	  	ITEM	  	MANUFACTURER	    	REMARKS
	 11 
	  	F.W. GENERATOR	  	SERCK	    	Germany
	  	  	ALFA-LAVAL	    	Sweden
	  	  	JOWA	    	Sweden
	  	  	SONDEX	    	Denmark
	  	  	APV	    	Denmark
	 12 
	  	PLATE COOLER	  	GEA	    	Germany
	  	  	APV	    	Denmark
	  	  	DONGHWA	    	Korea
	  	  	SONDEX	    	Denmark
	  	  	DHP	    	Korea
	  	  	LHE	    	Korea
	  	  	ALFA-LAVAL	    	Sweden
	 13 
	  	TUBULAR COOLER / CONDENSER	  	DONG HEA	    	Korea
	 14 
	  	OIL HEATER	  	DONG HEA	    	Korea
	 15 
	  	INCINERATOR	  	TEAMTEC	    	Norway/China
	  	  	KANGRIM	    	Korea
	  	  	ATLAS	    	Germany
	 16 
	  	OILY WATER SEPARATOR	  	MARINFLOC	    	Sweden
	  	  	JOWA	    	Sweden
	  	  	B+V	    	Germany
	  	  	RWO	    	Germany
	  	  	HAMWORTHY	    	Norway
	 17 
	  	MARINE GROWTH PREVENTION SYSTEM	  	ACG	    	Italy
	  	  	CATHELCO	    	UK
	  	  	CWC	    	Holland
	  	  	WILSON WALTON	    	UK
	 18 
	  	SHELL-TUBE TYPE HEAT EXCHENGER	  	NANTONG MACHINERY WORKS	    	China
	  	  	NANTONG SHENTONG MACHINICAL FACTORY	    	China
	  	  	NANTONG CSEMC MACHINERY MANUFACTURE	    	China
	 19 
	  	STERNTUBE SEAL	  	B+V	    	Germany
	  	  	JMT	    	Japan
	  	  	KOBELCO	    	Japan
	  	  	CEDERVAL	    	Sweden
	  	  	IHC	    	Holland

					
	

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 T0184-000-04 Rev. 1
	 	 Page
 8

  
  

 

							
	No. 	  	ITEM	  	MANUFACTURER	    	REMARKS
	 20 
	  	FANS	  	HENGYUAN (CHINA)	    	China
	  	  	QINGDAO MARINE EQUIPMENT CO. (CHINA)	    	China
	  	  	JIANGSU ZHAOSHENG (CHINA)	    	China
	 21 
	  	SEWAGE TREATMENT PLANT	  	HAMWORTHY	    	Sweden
	  	  	JONGHAP	    	Korea
	  	  	CHANGWON	    	Korea
	  	  	TAIKO	    	China
	  	  	JOWA	    	Sweden
	 22 
	  	FIXED WATER MIST FIRE FIGHTING SYSTEM	  	YORK REFRIERATION	    	 
	  	  	UNITOR	    	Norway
	  	  	TYCO	    	Japan
	  	  	CHINA-MADE	    	 
	 23 
	  	TEMPERATURE REGULATING, VALVE ONLY THREE WAY	  	AMOT	    	U.K
	  	  	ODIN	    	Denmark
	  	  	NAKAKITA	    	Japan
	  	  	FISCHER(USA)	    	USA
	 24 
	  	ENGINE ROOM CRANE	  	CHINA	    	 
	 25 
	  	COMPRESSED AIR DRYER	  	BOGE	    	Germany
	  	  	SABROE	    	Germany
	  	  	NIPPON CONTROL	    	Japan
	  	  	BEKO	    	Germany
	 26 
	  	AUTO. CLEANING FILTER	  	ALFA – LAVAL	    	Sweden
	  	  	B&K	    	Germany/China
	  	  	AMEROID	    	Japan
	  	  	KUP-WOLF	    	Germany
	 27 
	  	OTHER FILTER	  	CHINA	    	 
	 28 
	  	AIR RESERVOIR	  	SHAZHOU MARINE BOILER FACTORY	    	China
	  	  	JIUJIANG MARINE MACHINERY PLANT	    	China
	  	  	TAIZHOU YONG TAI	    	China
	 29 
	  	F.W. HYDROPHORE TANK AND CALORIFIER	  	NANTONG MARINE MACHINERY PLANT	    	China
	  	  	TAIXIN MARINE MACHINERY PLANT	    	China
	  	  	JIANGSU NANJI	    	China

					
	

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	No. 	  	ITEM	  	MANUFACTURER	    	REMARKS
	 30 
	  	POTABLE WATER STERILIZER	  	JOWA	    	Sweden
	  	  	SERCK	    	Germany
	  	  	RENKEN	    	Germany
	  	  	NIPPON CONTROL	    	Japan
	  	  	SAFETEC	    	Singapore

					
	

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 4. ELECTRIC PART 

 

							
	No. 	  	ITEM	  	MANUFACTURER	    	REMARKS
	 1
	  	DP SYSTEM	  	KONGSBERG	    	Norway
	  	  	ALSTOM	    	UK
	 2
	  	ICMS	  	LYNGSOE MARINE	    	Norway
	  	  	KONGSBERG	    	Norway
	 3
	  	CARGO TANK LEVEL GAUGE SYSTEM (RADAR BEAM TYPE)	  	AUXITROL	    	France
	  	  	SAAB	    	Sweden
	  	  	AUTRONICA	    	Norway
	 4
	  	BALLAST & FO TANK LEVEL GAUGE SYSTEM (AIR PURGE TYPE)	  	HANLA	    	Korea
	  	  	AUXITROL	    	France
	 5
	  	INDEPENDENT HIGH LEVEL ALARM SYSTEM	  	HANLA	    	Korea
	  	  	AUXITROL	    	France
	 6
	  	GAS SAMPLING & DETECTION SYSTEM	  	HANLA	    	Korea
	  	  	CONSILIUM	    	Sweden
	  	  	RIKEN	    	Japan
	  	  	KYOMO	    	Japan
	 7
	  	VAPOUR RECOVERY SYSTEM	  	HANLA	    	Korea
	 8
	  	CCTV	  	HERNIS	    	Norway
	  	  	OCEANOR	    	Norway
	  	  	CMR	    	Korea
	 9
	  	FIRE DETECTING SYSTEM	  	UNITOR	    	Norway
	  	  	CONSILIUM	    	Sweden
	  	  	THORN	    	U.K
	  	  	OKI-NHE	    	Japan
	  	  	APOLLO	    	U.K
	  	  	AUTRONICA	    	Norway
	 10
	  	ELECTRIC GENERATOR (HIGH/LOW VOLTAGE)	  	ABB	    	Sweden
	  	  	SIEMENS	    	Germany
	  	  	WEG	    	Brazil/China
	 11
	  	ELECTRIC MOTOR (HIGH/LOW VOLTAGE)	  	ABB	    	Sweden
	  	  	SIEMENS	    	Germany
	  	  	WEG	    	Brazil/China
	 12
	  	SWITCHBOARD / STARTER / DISTRIBUTION BOARD (LOW VOLTAGE)	  	SCHNEIDER	    	China
	  	  	ABB	    	China
	  	  	WEG	    	Brazil/China
	  	  	HDW	    	China

					
	

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	No. 	  	ITEM	  	MANUFACTURER	    	REMARKS
	 13 
	  	SWITCHBOARD / STARTER (HIGH VOLTAGE)	  	TERASAKI	    	Japan
	  	  	IMTECH	    	Holland
	  	  	ABB	    	Sweden
	  	  	WEG	    	Brazil/China
	  	  	HDW	    	Germany
	 14 
	  	IBS / NAVIGATION EQUIPMENT	  	KONGSBERG NORCONTROL	    	Norway
	  	  	JRC	    	Japan
	  	  	FURUNO	    	Japan
	  	  	TOKIMEC INC.	    	Japan
	 15 
	  	CYRO COMPASS / AUTO PILOT / MAGNETIC COMPASS	  	C-PLATH	    	Germany
	  	  	IBS MARKER	    	 
	 16 
	  	RADIO PLANT (GMDSS )	  	FURUNO	    	Japan
	  	  	TOKIMEC INC.	    	Japan
	  	  	JRC	    	Japan
	  	  	IBS MARKER	    	 
	 17 
	  	AUTOMATIC TELEPHONE SYSTEM / SOUND POWER TELEPHONE/PA	  	GITIESSE	    	Italy
	  	  	VINGTOR	    	Norway
	  	  	PHONTECH	    	Norway
	  	  	OKI-NHE	    	Japan
	  	  	KC	    	Korea
	  	  	MRC	    	Korea
	 18 
	  	SPEED LOG	  	C.PLATH	    	Germany
	  	  	YOKOGAWA	    	Japan
	  	  	FURUNO	    	Japan
	 19 
	  	SSAS	  	FURUNO	    	Japan
	  	  	TOKIMEC INC.	    	Japan
	  	  	JRC	    	Japan
	 20 
	  	VDR	  	FURUNO	    	Japan
	  	  	TOKIMEC INC.	    	Japan
	  	  	CONSILIUM	    	Sweden
	  	  	HAILAND	    	China
	  	  	JRC	    	Japan
	 21 
	  	AIS	  	FURUNO	    	Japan
	  	  	TOKIMEC INC.	    	Japan
	  	  	JRC	    	Japan
	 22 
	  	AIR HORN (TYFON)	  	ZOLLER	    	Germany
	  	  	KOCKUMS	    	Sweden
	  	  	SARACOM	    	Korea
	  	  	IBUKI	    	Japan

					
	

	 	 MAKER LIST
 T0184-000-04 Rev. 1
	 	 Page
 12

  
  

 

							
	No.	 	ITEM	  	MANUFACTURER	    	REMARKS
	 23
	 	NAVIGATION AND SIGNAL LIGHTS	  	AQUA	    	Germany
	 	  	PERERS & BEY	    	Germany
	 	  	SANSHIN	    	Japan
	 	  	GLAMOX	    	Norway
	 	  	KUKDONG	    	Korea
	 	  	HAI XING	    	China
	 24
	 	LIGHTING FIXTURES	  	HAIXING	    	China
	 	  	GLAMOX	    	Norway/China
	 	  	HULE	    	China
	 	  	TIANCHANG	    	China
	 	  	DALIAN	    	China
	 25
	 	STORAGE BATTERY & CHARGING & DISTRIBUTION PANEL	  	SWITCHBOARD MAKER	    	 
	 26
	 	CABLE	  	YANG ZHOU YUANYANG CABLE FACTORY	    	China
	 	  	CHANGZHOU MARINE CABLE FACTORY	    	China
	 	  	SHANGSHANG	    	China
	 27
	 	MONITORING AND ALARM EQUIPMENT	  	LYNGSOE MARINE	    	Denmark
	 	  	KONGSBERG	    	Norway
	 28
	 	MAIN ENGINE CONTROL SYSTEM	  	LYNGSOE MARINE	    	Denmark
	 	  	KONGSBERG	    	Norway
	 29
	 	CONSOLE	  	MADE IN CHINA	    	 

			
		  	

  
 Knutsen
Shuttle Tankers XII KS 
 and 

Knutsen OAS Shipping AS 
 and

 Fronape International Company 
 and 
 Petrobras Transporte SA—Transpetro 

and 
 Fronape International Company B.V.

 Novation Agreement 
 in
respect of 
 the Bareboat Charter of FORTALEZA KNUTSEN and the Management Agreement of 
 FORTALEZA KNUTSEN 
  

 

 Agreement 
 Dated: June, 27th, 2012. 
 Between: 

 

	(1)	KNUTSEN SHUTTLE TANKERS XII KS a company incorporated in Norway, and having its registered place of business at Smedasundet 40, 5519 Haugesund, Norway (the
Owner); 

  

	(2)	KNUTSEN OAS SHIPPING AS a company incorporated in Norway, and having its registered place of business at Smedasundet 40, 5519 Haugesund, Norway (the
Manager); 

  

	(3)	FRONAPE INTERNATIONAL COMPANY a company incorporated in the Cayman Islands whose registered office is at P.O. Box 714, Georgetown, Grand Cayman, Cayman Islands
(the Old Charterer); 

  

	(4)	PETROBRAS TRANSPORTE S.A.—TRANSPETRO a company incorporated in Brazil whose registered office is at Av Presidente Vargas, 328, 20091-060, Rio de Janeiro,
RJ, Brazil (Transpetro); and 

  

	(5)	FRONAPE INTERNATIONAL COMPANY B.V. a company incorporated in the Netherlands, whose registered office is at Prins Bernhardplein 200, 1097jbm, Amsterdam, The
Netherlands (the New Charterer). 

 WHEREAS: 

 

	(A)	This Agreement is supplemental to: 

  

	 	(i)	a bareboat charter in respect of the Vessel dated 14 November 2007 and made between the Owner (as registered owner of the Vessel), the Old Charterer and Transpetro
(the Bareboat Charter), a copy of which is annexed to this Agreement for reference; and 

  

	 	(ii)	a management agreement in respect of the Vessel dated 8 December 2010 and made between the Old Charterer (as disponent owner of the Vessel) and the Manager (the
Management Agreement), a copy of which is annexed to this Agreement for reference. 

  

	(B)	Pursuant to a corporate restructuring the Old Charterer, with the consent of the Owner, the Manager and Transpetro, wishes to novate the Bareboat Charter and the
Management Agreement to the New Charterer. 

  
 2 

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23737723.1 

	1	Definitions 

 Words and
expressions defined in the Bareboat Charter and or, as the case may be, the Management Agreement shall, unless the context requires otherwise, have the same meaning when used in this Agreement and in addition: 

 

	1.1	Effective Date shall have the meaning given to it in Clause 2; 

  

	1.2	Mortgagee means DNB Bank ASA (formerly known as DnB NOR Bank ASA) acting in its capacity as mortgagee of the Vessel; 

 

	1.3	Novation Documents means the Bareboat Charter and the Management Agreement; 

 

	1.4	Quiet Enjoyment Letter or QE Letter means the letter agreement to be made between the Mortgagee, Transpetro and the New Charterer regulating their
respective rights regarding use and possession of the Vessel in form and substance equivalent to the quiet enjoyment letter dated 28 February 2011 in respect of the Vessel from the Mortgagee to Transpetro and the Old Charterer; and

  

	1.5	Vessel means the motor tanker FORTALEZA KNUTSEN as more particularly described in the Bareboat Charter. 

 

	1.6	References in this Agreement to “the Bareboat Charter” and “the Management Agreement” shall, from the Effective Date and unless the context
otherwise requires, be references to the Bareboat Charter and the Management Agreement as novated and amended by this Agreement and words shall be construed accordingly. 

 

	1.7	A reference to a Clause is to a Clause of this Agreement unless the context requires otherwise. 

 

	1.8	Clause and paragraph headings shall not affect the interpretation of this Agreement. 

 

	2	Effective Date 

  

	2.1	The Effective Date shall be the date of this Agreement. 

  

	3	Novation 

  

	3.1	As from the Effective Date: 

  

	3.1.1	 the Owner and the Old Charterer hereby mutually release each other from their obligations under the Bareboat Charter; and 

 

	3.1.2 	the Manager and the Old Charterer hereby mutually release each other from their obligations under the Management Agreement. 

  
 3 

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23737723.1 

	3.2	As from the Effective Date the New Charterer undertakes to perform: 

  

	3.2.1	the Bareboat Charter and be bound by its terms in every way as if the New Charterer had originally entered into the Bareboat Charter with the Owner and Transpetro
instead of the Old Charterer; and 

  

	3.2.2	the Management Agreement and be bound by its terms in every way as if the New Charterer had originally entered into the Management Agreement with the Manager instead of
the Old Charterer. 

  

	3.3	From the Effective Date: 

  

	3.3.1	the Owner releases and discharges the Old Charterer from all claims and demands whatsoever in respect of the Bareboat Charter and accepts the liability of the New
Charterer under the Bareboat Charter, and hereby grants the New Charterer the same rights under the Bareboat Charter as if the New Charterer had originally entered into the Bareboat Charter instead of the Old Charterer; and 

 

	3.3.2	the Manager releases and discharges the Old Charterer from all claims and demands whatsoever in respect of the Management Agreement and accepts the liability of the New
Charterer under the Management Agreement, and hereby grants the New Charterer the same rights under the Management Agreement as if the New Charterer had originally entered into the Management Agreement instead of the Old Charterer.

  

	3.4	Each of the Owner, the Manager and the New Charterer will have the right to enforce the relevant Novation Document and pursue any claims and demands under that Novation
Document against the other with respect to matters arising before, on or after the Effective Date as if the New Charterer had originally entered into that Novation Document instead of the Old Charterer. 

 

	3.5	Transpetro hereby consents to the novation of the Bareboat Charter and agrees to continue to be bound by the terms of the Bareboat Charter (as novated hereby).

  

	3.6	From the Effective Date, subject to the Mortgagee (i) indicating its consent and acknowledgment by counter-signing this Agreement and (ii) signing the QE
Letter, Transpetro and the New Charterer shall agree to be bound by the terms of the QE Letter and shall promptly execute in favour of the Mortgagee such acknowledgements and undertakings in a form acceptable to (or reasonably required by) the
Mortgagee pursuant to the QE Letter. 

  

	4	Amendments to the Novation Documents 

 With effect on and from the Effective Date, the Novation Documents shall be amended so that references to the Old Charterer are deemed to be references to the New Charterer. 

  
 4 

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23737723.1 

	5	Continued force and effect 

  

	5.1	Save as amended by this Agreement, the provisions of the Novation Documents shall continue in full force and effect. 

 

	5.2	The Bareboat Charter and this Agreement shall be read and construed as one instrument. 

 

	5.3	The Management Agreement and this Agreement shall be read and construed as one instrument. 

 

	6	Notices 

  

	6.1	Any notice or other communication hereunder (a “Communication”) shall be in the English language and be addressed as follows (or as the intended
recipient shall have notified the sender in accordance with this Clause): 

  

	 	(a)	if to Knutsen Shuttle Tankers XII KS : 

 Attn: Trygve Seglem 
 Smedasundet 40 

5529 Haugesund 
 Norway 
 Fax: +47 52 70 40 40 

 

	 	(b)	if to Knutsen OAS Shipping AS: 

 Attn: Trygve Seglem 
 Smedasundet 40 

5529 Haugesund 
 Norway 
 Fax: +47 52 70 40 40 

 

	 	(c)	if to Fronape International Company 

 Attn: Fronape International Company 
 Av Presidente Vargas 328, 5th
Floor 
 20091-060 
 Rio de Janeiro 
 RJ 

Brazil 
 Fax: +55 21 3211 7106 
  

	 	(d)	if to Transpetro: 

Attn: Transpetro/DTM/TM 

Av Presidente Vargas 328, 5th Floor 
 20091-060 
 Rio de Janeiro 

RJ 
 Brazil 
 Fax: +55 21 3211 7106 

  
 5 

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23737723.1 

	 	(e)	if to Fronape International Company B.V. 

 Attn: Fronape International Company B.V. 
 Weena, 722. Weena pt.
Toren A 
 3rd Floor 
 Rotterdam 
 The Netherlands 

Fax: +31 10 206 7027 
  

	7	Third party rights 

  

	7.1	Other than the Mortgagee, a person who is not a party to this Agreement has no rights under it and may not enforce a right to, or enjoy the benefit of, any term of this
Agreement under the Contracts (Rights of Third Parties) Act 1999. 

  

	8	Counterparts 

 This
Agreement may be executed and delivered in any number of counterparts, each of which is an original and which together have the same effect as if each party had signed the same document. 

 

	9	Governing Law and jurisdiction 

  

	9.1	This Agreement shall be governed by and construed in accordance with the law of England and Wales. 

 

	9.1.1	Any dispute arising out of or in connection with this Agreement shall be referred to arbitration in London in accordance with the provisions of Part II, clause 26 of
the Bareboat Charter or clause 19 of the Management Agreement (as applicable) (which shall be deemed to be incorporated herein with any necessary adaptation) 

 This document has been entered into by the Parties or their duly authorised representatives on the date set out at the beginning of this document. 

  
 6 

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23737723.1 

					
	 Signed by
	 	)	 	
		 	)	 	
	 duly authorised for and on behalf of
	 	)	 	sign here: /s/ TRYGVE SEGLEM
	 KNUTSEN SHUTTLE TANKERS XII KS
	 	)	 	print name: Trygve Seglem

  

					
	 Signed by
	 	)	 	
		 	)	 	
	 duly authorised for and on behalf of
	 	)	 	sign here: /s/ TRYGVE SEGLEM
	 KNUTSEN OAS SHIPPING AS
	 	)	 	print name: Trygve Seglem

  

					
	 Signed by
	 	)	 	
		 	)	 	
	 duly authorised for and on behalf of
	 	)	 	sign here: /s/ EDUARDO DA CUNHA BASTOS
	 FRONAPE INTERNATIONAL COMPANY
	 	)	 	print name: Eduardo Da Cunha Bastos

  

					
	 Signed by
	 	)	 	
		 	)	 	
	 duly authorised for and on behalf of
	 	)	 	sign here: /s/ JOSE SERGIO DE OLIVEIRA MACHADO
	 PETROBRAS TRANSPORTE S.A.
	 	)	 	print name: Jose Sergio De Oliveira Machado

  

					
	 Signed by
	 	)	 	
		 	)	 	
	 duly authorised for and on behalf of
	 	)	 	sign here: /s/ AGENOR CESAR JUNQUEIRA LEITE
	 FRONAPE INTERNATIONAL COMPANY B.V.
	 	)	 	print name: Agenor Cesar Junqueira Leite

  
 7 

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23737723.1 

 Consent and acknowledgment of Mortgagee 
 The Mortgagee hereby confirms its consent to the novation of the Novation Documents on the terms set out above and agrees to be bound by the terms of the QE Letter. 

 

					
	/s/ HELGE ÅDNE LIEN	 		 	/S/ ANNE BERIT LANGELAND
			
	Helge Ådne Lien, First Vice President	 	 	 	Anne Berit Langeland, Assistant Vice President
	DNB BANK ASA (formerly known as DnB NOR Bank ASA)

 Date: 25/2-12, 2012 

  
 8 

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23737723.1

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