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Alaska Tanker Company Awarded SQE Certification

Maritime Activity Reports, Inc.

December 5, 2001

Alaska Tanker Company, LLC (ATC) based in Beaverton (Portland), Oregon has achieved "Safety, Quality and Environmental (SQE) Certification" including Accredited International Standards Organization (ISO) 14001 Certification to the Environmental Management System Standard on November 21st, 2001. This accomplishment makes ATC the first U.S. flag seagoing Shipping Company to attain SQE and ISO 14001 Certification from the American Bureau of Shipping (ABS). This feat was achieved within 2 ½ years of ATC's inception. The attainment of Certification to the International Safety Management (ISM) Code as well as ISO 9001 (Quality Management System Standard) and ISO 14001 demonstrates the Company's commitment to be a World-Class tanker operator. Additionally, before year-end, ATC will also submit for compliance with Washington State's Exceptional Compliance Program (known as ECOPRO). ATC's President Anil Mathur remarked upon receiving the SQE Certificate from ABS Americas President, Robert E. Kramek: "This Certificate symbolizes the quality of our work, and our continued focus on the most important safety and environmental protection aspect of our jobs. This

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