Sustainability

  1. Suppliers are expected to integrate sustainability into their operations, focusing on long-term environmental stewardship and responsible resource management.
  2. Suppliers should actively seek to reduce their carbon footprint and minimize greenhouse gas emissions through energy-efficient practices and low-impact technologies.
  3. Suppliers are encouraged to adopt circular economy principles, including waste reduction, recycling, and reuse of materials.
  4. Suppliers must ensure that natural resources are used efficiently and responsibly, avoiding depletion and promoting regeneration where possible.
  5. Suppliers should transparently report on their sustainability performance data when requested and collaborate with InterMaritime Shipmanagement to improve environmental outcomes across the supply chain.

Environmental Standards

Suppliers shall comply with legal requirements that apply to their products, services and operations as well as the following principles:

  1. Suppliers’ operations shall not cause any harmful soil change, water pollution, air pollution, harmful noise emission or excessive water consumption that significantly impairs the natural bases for the preservation and production of food, denies a person access to safe and clean drinking water, makes it difficult for a person to access sanitary facilities or destroys them or harms the health of a person.
  2. Unlawful evictions and unlawful taking of land, forests and waters are not permitted in the acquisition, development or other use of land, forests and waters, the use of which secures the livelihood of a person.
  3. Suppliers shall ensure that they do not export hazardous wastes or other wastes (as defined in Article 1 (1) and (2) of the Basel Convention on the Control of the Transboundary Movements of Hazardous Wastes and their Disposal) contrary to the provisions of Article 4 (1) (b) and (c), Article 4 (5), Article 4 (8) or Article 4A of that Convention, and suppliers shall ensure that they do not import hazardous wastes or other wastes (as defined in Article 1 (1) and (2) of that Convention) from a non-party to that Convention.
  4. Suppliers are encouraged to align with international environmental frameworks such as the EU Green Deal, IMO decarization targets, or ISO 14001 standards.

Business Ethics

  1. Suppliers shall conduct their business with integrity. There shall be no payments, services, gifts, entertainment or other advantages offered or given to any InterMaritime Shipmanagement employee or third party which are intended to influence the way in which the InterMaritime Shipmanagement employee or third party goes about his or her duties.
  2. Suppliers are expected to maintain impartial relationships with customers, suppliers and other business partners and ensure that any conflict of interest is handled in an appropriate manner and in compliance with applicable laws and regulations. Suppliers shall inform InterMaritime Shipmanagement of any conflict of interest that arises in relation to or involves InterMaritime Shipmanagement and/or any of its employees, or subcontractors.
  3. All financial transactions shall be carried out in accordance with applicable laws and regulations and suppliers shall under no circumstances be complicit in any activities of money laundering and/or financing of terrorism.
  4. Suppliers shall ensure that they do not act in a way which violates applicable sanctions and export control legislation, including but not limited to such legislation that has been adopted by the United Nations, the USA, the UK, or any EU Member State.
  5. Suppliers respect and comply with laws, regulations and principles that promote fair and free competition and prohibit anti-competitive activities, agreements and arrangements.
  6. Harassment or unjustified unequal treatment in employment in any form is prohibited. Unequal treatment includes but is not limited to the payment of unequal remuneration of work of equal value as well as any employment-related treatment, due to reasons related but not limited to gender, national and ethnic origin, social origin, health status, political opinion, skin colour, race, religion or belief, sexual orientation, disability or age.
  7. Suppliers shall comply with applicable anti-bribery and anti-corruption laws, including the UK Bribery Act 2010, the US Foreign Corrupt Practices Act, and any equivalent local legislation.
  8. Suppliers shall establish and maintain appropriate internal reporting and whistleblowing mechanisms to detect and report misconduct, corruption or compliance risks.

Safeguarding of these principles is a long-term learning and development process. InterMaritime Shipmanagement is obliged by law to conduct regular risk assessments in different forms. In case of identified risks at a supplier, the supplier agrees that InterMaritime Shipmanagement or individuals authorized by InterMaritime Shipmanagement have the right to establish action plans that include distinct measures, such as but not limited to self-assessments, trainings and audits of the supplier to verify that the principles herein are being adhered to and to mitigate identified risks.

Audits shall be conducted on reasonable notice and scope. Suppliers shall cooperate fully and have the right to be informed of any findings and provided an opportunity to correct issues within a reasonable timeframe before termination.

InterMaritime Shipmanagement will work together with its suppliers towards compliance but also reserves the right to discontinue the relationship with a supplier if all efforts to remedy an identified non-compliance with this Supplier Code of Conduct fail.

Labor Rights

  1. Suppliers shall respect internationally recognized labor rights, including those set out in the International Labour Organization (ILO) conventions.
  2. Suppliers shall ensure fair wages and working hours in accordance with applicable laws and industry standards.
  3. Suppliers shall prohibit all forms of forced labor, including bonded labor and human trafficking.
  4. Suppliers shall prohibit child labor and ensure that young workers are protected from hazardous work and allowed access to education.
  5. Suppliers shall respect the rights of workers to freely associate, join trade unions, and bargain collectively without fear of retaliation.
  6. Suppliers shall provide a safe and healthy working environment, including appropriate health and management to improve environmental outcomes across the supply chain.
  7. Suppliers shall comply with the UK Modern Slavery Act 2015, the UN Guiding Principles on Business and Human Rights, and the Universal Declaration of Human Rights (UDHR) document, ensuring that their supply chains are free from modern slavery and human trafficking.

Data Protection and Confidentiality

Suppliers shall comply with all applicable data protection and privacy laws, including the EU General Data Protection Regulation (GDPR) and equivalent local laws, when handling personal or confidential data shared by InterMaritime Shipmanagement.

Legal Compliance and Jurisdiction

This Supplier Code of Conduct shall be governed by and construed in accordance with the laws of the United Kingdom.

By completing this self assessment or entering into a business relationship with InterMaritime Shipmanagement, the Supplier acknowledges and agrees to comply with this Supplier Code of Conduct and any related ESG and KYC requirements as integral parts of the commercial agreement.