Policy Statement

Managing Director, General Managers, Managers and entire employees of PacMarine Services Pte Ltd fully understand the importance of impartiality in undertaking its Inspections, Surveys and Consultancy activities. PacMarine Services will ensure that all employees, subcontractors and service providers are fully aware of the need to demonstrate and maintain impartiality at all stages of our activities.

Demonstrating Impartiality & Managing Conflict of Interest

Following shall be taken into account to demonstrate Impartiality / Conflict of Interest:

• PacMarine Services will not take up any activity where a conflict of interest exists. If a pre-determined Conflict of Interest exists such conflict will be declared to the parties concerned. If there is any doubt that a Conflict of Interest or potential conflict of interest exists, a careful review and risk assessment shall be conducted.
• All employees and subcontractors will declare a conflict of interest on an annual basis and as per customer and local regulation requirements. SIRE & OVID inspectors will make such declarations on OCIMF Website as per OCIMF requirement and non-OCIMF inspectors/ Surveyors/ Consultant through the company's annual declaration.
• Where a past relationship existed between a party and an employee member, that employee's member / or subcontractor shall not be allocated an activity involving that party for a period of twelve months from the date the relationship ended.
• The General Managers, Managers, supervisor, during annual appraisal reports will review impartiality of every employee and include it in the appraisal report.
• PacMarine employees and subcontractors are prohibited from making payments or transactions for securing contracts.
• The Risk Assessment for impartiality and conflict of interest will be reviewed annually (included in Appendix 4 Item J).
• Surveyors, Consultants Inspectors and subcontractors will not be put under any pressure by peers, supervisors and Managers, and will not be influenced in any way to come to a particular conclusion regarding the result of a Survey / Inspection / Study / Investigation or similar activity.

Review

This Policy shall be reviewed at least annually to ensure that it remains appropriate, effective and aligned with the Company's objectives, applicable legal and regulatory requirements, and relevant industry standards.

The Policy shall also be reviewed, and revised where necessary, following any significant change in applicable laws or regulations, industry standards, Company business activities, operations, organisational structure, or other circumstances that may affect its applicability or effectiveness.