Petrojam Limited Purchased the ESSO Dock in October 2006, with the intention to use it to supplement the refinery dock.

Reasons are as follows:

1. The Refinery Dock is experiencing high level of occupancy/usage, >80%.This does not provide enough time for maintenance works on the refinery main dock.
2. Due to high occupancy, high demurrage costs are being incurred which are paid for in foreign exchange.
3. Risk of business interruption if the main dock experiences significant damage.

The scope is as follows:

1. Perform civil rehabilitation of the structure of the docking facility
2. Route piping to the facility
3. Install equipment such as crane and lighting

Benefits/Justification:

1. Reduced demurrage due to waiting ships.
2. Decrease dock occupancy of the main dock (current occupancy >80%, this is too high).
3. More windows being available to perform maintenance works at the dock.
4. Reduction of risk of business interruption in the event of significant dock damage.

Status:

1. Currently executing civil repairs
2. Piping installation and materials are currently being tendered. Piping to be installed in Two Phases (Phase 1 and 2)
3. Electrical work in design phase