Code of Ethics

1. Preamble

Britannica Maritime Ltd (Britannica),  a   Ship   Classification   Society,  lives  on   its reputation.   Acceptance  of    its   technical   work  can   only     be    maintained   by continuously proving integrity and competence.

The decisive bodies by which demand for the work and therefore for the existence of Britannica is ultimately governed are National Administrations and Underwriters.

Britannica, with its classification  work, covers fields  which are it’s  for historic  reasons, some  of   which  would,  however,  be   otherwise  within  the  responsibility  of  the National Administrations. Classification is part of the required care for the overall safety of  ships  for which the  National  Administrations have traditionally accepted responsibility  and   Recognized Classification   Societies’  basic  requirements   for structural  strength  and mechanical and electrical systems have thus  been made mandatory.

A good   part of  Britannica’  sources of  work is delegated statutory  duties.  The scope and extent of such delegations depend on how the National Administrations judge the abilities, competence and the professional ethics of Britannica.

The  relation to Underwriters can only work by  virtue of the fact  that they continue to have a need for the services rendered by  Britannica. If, in their  view, the statements of Britannica become insufficient or unreliable, underwriters may use their own sources.

Britannica   also  provides  certification   services  in  various  management  systems  and technical services to various engineering industries which are reputed and valued in the respective fields.

Anything that is detrimental to Britannica’  reputation for  integrity, reliability, safety  and competence, is therefore avoided.

The observance of the Code of Ethics is an essential measure for safeguarding the reputation of Britannica.

All  employees  of  Britannica  realize that,  when speaking for  or  acting on   behalf  of  the Society, their actions are taken as indicative of the Society.

2. General

2.1 Credibility

Britannica  and  its employees shall refrain from any improper or questionable methods including the  use  of  false,  incorrect,  incomplete  or   tendentious  information  in soliciting work and shall decline to pay or  to accept commissions for  securing such work. They shall not use unethical  means  to obtain advancement in the field  of services provided or to injure others in the community.

2.2 Confidentiality of  Information

Britannica  and its employees shall consider all submitted information  and survey reports to be  proprietary and the contents or  copies shall not be  made available to another party,  except as  defined   in  the  Quality  Management  System  Documentation, required by  applicable legislation court  order, legal proceedings, adhering  to flag state requests or by Owners’ authorization.

Britannica  and   its employees  shall carry out their work without in any way  harming the intellectual property rights of shipyards, equipment suppliers, ship owners and any other agency/organisation  they may have occasion to deal with in the  course  of their work including patents,  licenses, know-how, or any other kind of knowledge whose  use  is  legally protected  at  national  or  international     level   .  Under no circumstances shall Britannica and its employees pass on  or divulge commercially relevant data obtained in the course of their work of inspecting, checking, and monitoring ships under construction or repair.

2.3 Issuing Documents without Appropriate Action

No   employee  shall   issue,   stamp   or  endorse   certificates/documents   without performance of the required / appropriate actions.

3. Conduct

3.1 General

3.1.1  No  employee shall  act  in  a  manner  that  compromises safety   of  life   and property or  damage  to environment  or  which leads  to the  lowering of  technical standards.

3.1.2 No  employee shall  have any business  or  other interest  or any personal /family links with the client which may affect strict impartiality in the performance of his / her work.

3.1.3  No  employee shall  act  in  a  manner  which leads  to  the  lowering of  the reputation of Britannica or which is detrimental to the image of Britannica.

3.2 Marketing

3.2.1 Britannica  shall market its technical and related activities in a manner considered necessary  to  achieve  its  objectives. However, marketing  methods  shall  not  be pursued  in a manner which involves deliberate misrepresentation in order to obtain business to the detriment of other Classification Societies.

3.2.2 Britannica  shall not knowingly pass on to another party any information which is client confidential so as to place Britannica in a position of advantage.

3.2.3 Britannica shall not knowingly undermine the reputation of another Classification Society by

spreading false, incorrect or biased information.

3.2.4 Britannica  may decide to apply and  publicize any change to its rules  that  goes beyond the standards  or  procedures  established  within IACS  (of  which Britannica  is a part).  However, when notifying  the industry of these changes, Britannica  shall do  so in a manner   that   is  supportive  of   the   image  and   aims  of   IACS    and  suitably acknowledges IACS initiatives, if any, in the field  addressed.

3.2.5  In an effort to obtain  the  classification of a ship  changing  flag, Britannica  shall not misrepresent the degree of present recognition by the new National Administration.

3.3 Dual Classification

Britannica  shall  not  intentionally ignore existing dual  classification  arrangements with another Society, i.e. perform surveys as if the ship was single class only, without notifying the other Society at all.

Britannica  shall not prevent the other Society from  participating directly in a survey on  a vessel which enjoys dual classification, should that Society wish to do  so.