Certificate of Entry

No: 327510

The undermentioned ship is entered in The Standard Club Ireland DAC on the terms and conditions set out below, and in
accordance with the articles and the rules from time to time in force, with effect from noon GMT on the date shown below
until noon GMT on 20 February 2022 unless lost, sold or withdrawn in accordance with the rules. Attention is drawn to
Rule 1.5.2 concerning excluded provisions of the Insurance Act 2015.

Ship Date of Entry Gross tonnage

SVENDBORG MAERSK 20 February 2021 92,198
Port of registry IMO Number Entered tonnage
Svendborg, Denmark 9146467 92,198

MEMBER

Maersk A/s, 50 Esplanaden, Copenhagen K, DK-1263, Denmark

INSURED PARTIES

JOINT ENTRANTS

In accordance with rule 13 the following are registered as joint entrants:

(a) SUN SVENDBORG S.A. (Owner)

(b) A P Moller - Maersk A.S (Parent Company to Bareboat Charterer)
(c) Maersk A/s (Bareboat charterer)

GROUP PRINCIPAL

This ship is entered under a group agreement and, for the purposes of rules 13.14 to 13.16, Maersk A/s is designated as
group principal.

STANDARD RISKS COVERED

P&I risks in accordance with the rules.

Wreck liabilities in accordance with rule 3.11.

Through transport liabilities to cargo in accordance with rule 3.13.3.

04 February 2021

The Standard Club Ireland DAC

www.standard-club.com
Registered in Ireland No. 631911. Authorised and regulated by the Central Bank of Ireland.
Registered address: Fitzwilliam Hall, Fitzwilliam Place, Dublin 2
Email: pandi.dublin@ctplc.com
 Ship Date of Entry Gross tonnage
SVENDBORG MAERSK 20 February 2021 92,198
Port of registry IMO Number Entered tonnage
Svendborg, Denmark 9146467 92,198

SPECIAL RISKS COVERED

In accordance with rule 1.3, cover includes:

MARITIME LABOUR CONVENTION

Liabilities in accordance with the terms of the club's Maritime Labour Convention extension clause 2021.

P&I WAR RISKS

P&I war risks in accordance with the terms of the club's P&I war risks clause 2021.

Notwithstanding clause 6, but subject always to clause 1.2, of the club's P&I war risks clause 2021, cover also includes
liability for bio-chemical risks in accordance with the terms of the club's bio-chemical risks inclusion clause 2021.

A portion of this cover for certain ships is provided pursuant to the requirements of the Terrorism Risk Insurance Program
Reauthorization Act 2007. Notice of the availability and details of this cover was included as part of the initial coverage
cost quotation provided by the club. The portion of club coverage costs attributable to the cover made available for
relevant ships is US$0.0025 per entered ton.

THROUGH TRANSPORT EXTENSION

Liabilities in accordance with the terms of the club’s through transport extension clause 2021 but excluding claims
arising out of the member’s ownership and/or operation of trailers in the USA or Canada and punitive and/or exemplary
damages.

WAR RISKS FOR ADDITIONAL COVERS

War risks in accordance with the terms of the club’s war risks clause for additional covers 2021.

RISKS EXCLUDED

In addition to any exclusions set out in the rules, the following risks are specifically excluded:

Claims in respect of damage to property under rule 3.9, insofar as such risks are recoverable under the hull policy
provided that:-

(a) the member shall not be entitled to recover from the club any excess, franchise or deductible applicable under the
hull policy;
(b) the ship shall be insured at a proper value under the hull policy, in which respect it is agreed that the board’s
entitlement to determine the proper value of the ship under rule 3.6.4 shall also apply to rule 3.9;
(c) the member shall not be entitled to recover from the club any amount which is not recoverable under the hull policy
by reason of a breach of the terms, warranties or conditions of such policy.

Claims in respect of one fourth collision liability recoverable under rule 3.6.1 to the extent that they are covered under the
hull policy

04 February 2021

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 Ship Date of Entry Gross tonnage
SVENDBORG MAERSK 20 February 2021 92,198
Port of registry IMO Number Entered tonnage
Svendborg, Denmark 9146467 92,198

DEDUCTIBLES

The member is to bear the following deductibles:

US$ 500,000, any one event, in respect of cargo claims arising under rule 3.13.

US$ 50,000, any one event, in respect of crew injury and death claims arising under rule 3.1.

US$ 50,000, any one event, in respect of crew illness claims and pre-employment medical costs arising under rule 3.1;

US$ 50,000, any one event, in respect of stevedore claims and claims in respect of third parties under rule 3.3

US$ 10,000, any one event, in respect of claims arising under the club’s through transport extension clause 2021.

US$ 50,000, any one event, in respect of all other claims other than pollution claims arising under rules 3.8 and 3.16.3,
which bear a nil deductible

These deductibles shall also apply to legal fees. Costs for correspondents and surveyors will be subject to nil deductible
up to a limit of US$10,000 per event.

This ship forms part of the US Military annual aggregate deductible (AAD) of US$ 2 million from inception of the 2021
policy year, applicable after the deduction of the relevant fleet deductibles. No recovery shall be made from the club until
the amount of paid claims exceeds the AAD and after exhaustion of the AAD the relevant fleet deductibles shall apply.
The AAD is for claims arising under Rules 3.13 and 3.16 and in respect of cargo whilst being carried ashore; and to or
from Pakistan or Afghanistan, and in countries other than the USA, and carried under USC-06, successor contracts or
related contracts (providing any claims under such related contracts are adjusted as part of, and pursuant to the terms of
the governing USC contract.)

04 February 2021

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 Ship Date of Entry Gross tonnage
SVENDBORG MAERSK 20 February 2021 92,198
Port of registry IMO Number Entered tonnage
Svendborg, Denmark 9146467 92,198

LIMITS OF COVER

The club’s liability is limited in accordance with the rules unless limited to a lesser amount in this certificate of entry. Such
limit(s) shall apply in the aggregate in respect of the member and any other person entitled to claim under the rules, any
one event, including legal and survey fees and expenses. In relation to recovery by a charterer, whether under a
charterer’s entry or where a charterer is an insured party, where any limit stated in this certificate exceeds the charterers’
limit set out in rule 6.9, the latter limit shall always apply.

P&I war risks clause 2021: US$ 500m

Bio-chemical risks inclusion clause 2021: US$ 30m

Through transport extension clause 2021: US$ 100m.

Oil pollution claims arising under rule 3.8: US$ 1bn

War risks clause for additional covers 2021: the limit of the relevant special risks set out in this certificate of entry or
US$ 100m, whichever is the lesser.

Notwithstanding anything to the contrary set out above, the club's liability in respect of all claims arising directly from the
transmission or alleged transmission of:

a) Coronavirus disease (COVID-19);

b) Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2); or
c) any mutation or variation of SARS-CoV-2;

or from any fear or threat of a), b) or c) above, shall, in respect of any special risks set out in this certificate of entry (other
than the P&I war risks clause 2021 and the Bio-chemical risks inclusion clause 2021), be limited to the limit of the
relevant special risk or US$ 5m, whichever is the lesser.

Such limit shall always be part of the limit of the relevant special risk set out in this certificate of entry and not additional
to it.

INFORMATION

MAERSK OIL TRADING

It is noted and agreed that where Maersk Oil Trading acts as principal in the supply of bunkers, rights of recourse against
Maersk Oil Trading are hereby waived.

04 February 2021

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 Ship Date of Entry Gross tonnage
SVENDBORG MAERSK 20 February 2021 92,198
Port of registry IMO Number Entered tonnage
Svendborg, Denmark 9146467 92,198

LOSS PAYABLE

Payment of any recovery the member is entitled to make out of the funds of the club in respect of any liabilities incurred
by him shall be made to the member or his order unless and until the club receives notice from The Bank of Tokyo-
Mitsubishi UFJ, Ltd., 2-7-1, Marunouchi, Chiyoda-ku, Tokyo, 100-8388, Japan, to the contrary, in which event all
recoveries shall thereafter be paid to The Bank of Tokyo-Mitsubishi UFJ, Ltd., 2-7-1, Marunouchi, Chiyoda-ku, Tokyo,
100-8388, Japan or their order, provided always that no liability whatsoever shall attach to the club, its managers or their
agents for failure to comply with the latter obligation until after the expiry of two clear business days from the receipt of
such notice.

The club undertakes:-

(a) to inform the mortgagees if the managers give the member for the above ship notice under rule 16.4(2) that his
insurance in the club in respect of such ship is to cease at the end of the then current policy year;

(b) to give the mortgagees 14 days notice of the club's intention to cancel the insurance of the member by reason of his
failure to pay when due and demanded any sum due from him to the club.

EVIDENCE OF INSURANCE

This certificate of entry is evidence only of the contract of indemnity insurance between the above-named member and
the club and shall not be construed as evidence of any undertaking on the part of the club to any other party.

In the event that the member tenders this certificate as evidence of insurance under any applicable law relating to
financial responsibility, or otherwise shows or offers it to any other party as evidence of insurance, this is not to be taken
as any indication that the club thereby consents to act as guarantor or to be sued directly in any jurisdiction whatsoever.
The club does not so consent.

Jeremy Grose

04 February 2021

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