CORPORATE ANNOUNCEMENT


01 July, 2004

MOL's Vessels and Terminals ISPS Certified as Required by U.S. Maritime Transportation Act


Concord, CA - MOL (America) Inc. is pleased to announce that all of the company´s containerships calling North America and all of MOL´s own terminals are in compliance with the International Maritime Organization´s (IMO) International Ship and Port Facility Security Code (ISPS) and have been certified accordingly. ISPS certification requires international vessel and terminal operators to develop, have certified and implement comprehensive antiterrorism security plans.


The U.S. Coast Guard will use ISPS Certification to enforce the U.S. Maritime Transportation Act (MTSA). This act requires all vessels calling US ports to have an ISPS certified, antiterrorism security program activated by July 1, 2004. If a foreign flag vessel is not in compliance, the U.S. Coast Guard is authorized by MTSA to delay or deny vessel entry.


"MOL regards the safe and secure transport of cargo our top priority. It is the foundation of our vessel and terminal operations. MOL is one of the largest vessel operators in the world. It is our corporate responsibility to leverage technology and our human resources to ensure the security of our vessels and terminals. Consequently, we have committed substantial resources to fully address this very critical issue, vessel by vessel and terminal by terminal,’ commented James Galligan, Vice President, Pricing & Security Management, MOL (America) Inc.


MOL is a certified member of U.S. Customs & Border Protection´s C-TPAT program. MOL also participates in other U.S. Customs security and anti-drug smuggling programs, such as, the container security initiative (CSI), business anti-smuggling coalition (BASC), carrier initiative program (CIP), & super carrier initiative program.


To view a complete list of MOL vessels with ISPS certification as well as the certificate numbers, please click here. A list of ISPS Frequently Asked Questions can be found here.


MOL is one of the world's largest multi-modal shipping companies, operating a diverse network of container shipping and logistics services around the globe.


For additional information, please contact Ann Elleflot, Manager, Advertising/Communications, MOL (America) Inc. by telephone (925/688-2604) or e-mail (ann.elleflot@MOLamerica.com.).

 

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