Stolt Offshore Signs Global Contract

Wednesday, June 26, 2002
SeaSupplier Ltd, the marine e-procurement subsidiary of Stolt-Nielsen S.A, announced today it has signed a multi-year SeaManager ™, e-procurement contract with Stolt Offshore S.A., the world's largest operator of specialty sub sea construction and maintenance ships, pipe laying and heavy lift barges. Together with Stolt Offshore’s annual expenditure of $600 million on products and services and with SNTG, Seabulk International, RCCL, Teekay Shipping and NYK LINE, more than a $1billion of expenditure is anticipated to be transacted through the SeaSupplier Value Added Network™. SeaSupplier will provide Stolt Offshore S.A with its complete procurement solution, SeaManager™, as well as consulting services for database rationalization and business process re-engineering. The solution is based on an Application Software Provider (ASP) concept and will integrate Stolt Offshore S.A.’s requisition to delivery process by receiving orders automatically from the onboard systems, Amos and Maximo, sending RFQ’s and P.O’s to select supplier’s via the SeaSupplier Value Added Network™ and integrating supplier responses and invoices automatically to Stolt Offshore’s JD Edwards systems. Stolt Offshore will achieve substantial cost savings and process efficiencies through SeaManager’s™ execution of volume aggregation, automated contract management, competitive quoting, and innovative logistic solutions.

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