P.O. BOX 22061, SHARJAH,
                                                                                                         UNITED ARAB EMIRATES
                                                                                                         Tel.: +971 (, 7428120 Fax: +971 67441270
                                                                                                         E-mail: depcomrg@emirates.nct.ae
                                                                                                         Circular No.    786/9987/2009
                                                                                                         Date:    21/12/2009
                  TO,
                  ALL SHIP OWNER, OPERATORS, MASTER AND OFFICERS OF MERCHANT SHIPS,
                  AND RECOGNIZED ORGANIZATIOS
                    
                  SUBJECT:   INTERNATIONAL SAFETY MANAGEMENT(ISM) CODE
      
                  Dear Sir/Madam,

                   1.GENERAL:

                   The ISM code is mandatory for all ships, including self-propelled MODUs of 500 GRTand above. The
                   following vessels are not subject to the requirements of SOLAS:

                   •      Cargo ship of less than 500GRT measured under the international convention on tonnage
                          Measurement (1969)
                   •      Offshore units which are not self-propeiled MODU.
                   •      Pleasure yachts for the private use only and not engaged in commercial voyage.

                   2.Extension of ISM to ships previously measured at less than 500 GT:

                  Noting the content of iMO assembly resolution A.791 (19) and IMO MSC circular MSC. 1/Circ.
                  1231, any ship measured as less than 500 GT under previous national arrangements but more
                  than 500 GT under the international convention on the tonnage measurement of ships 1969
                  (tonnage 1969 convention) falls under the scope of the ISM code. In these cases the company
                  and its ship(s) are required to obtain ISM certification by 01 January 2010.

                  3.Certification:

                  All companies operating affected ships or units are required to implement and maintain an
                  effective safety management system (SMS). This is to be confirmed by holding valid Document of
                  Compliance (DOC), which is normally issued by Comoros recognized organization (RO), for the
                  type(s) of ship(s) operated.

                  Best Regards,
            
                  For the International Ships Registry of the Maritime
                       Administration of Union of Comoros

                          Capt. Souheil Alkhayer
                          Technical Manager