KNTOTAL

TOTALINSIGHT INTRODUCTION WITH ARMED GUARDS PARTICULAR AND COLD, SAINT-LAURENT RIVER MEET THE TIMING WITH PRE-CARRIAGE 2,100KM PASSED TWO BORDERS THE NATION'S LARGEST EVER NEWS 01 02 03 04 05 06 07 CONTENTS 0214 NEWS 3. KNT Cargo’s Workshop We had a workshop from 1st May to 2nd May and went to Nami Island which is one of the best attractions in Korea. Through this activity, we were improved team communications and relations between the sta˜ s and promoted cooperation. We think that workshops are valuable so, we will have it annually. 2. New sta, Ms. Janice Park Last April, Ms. Janice Park

(Jung Sik) has joined KNT Cargo’s sta˜ as a new r ecruit. She is specialized in international business from nation’s university and has aspirations to be an expert of forwarding industries. She went through a probation period of 3 months and has been having a good job in charge of overseas communication and network control now. 1. Moving to a new oce We relocated to a new o°c e on 7th February 2015 and then relocated new o°c e. Our phone and fax number remain unchanged. 07 01 03 Introduction Dearreaders, Welcome to KNTOTAL Co., Ltd annualreport. I hope year 2015 has been meaningful and

valuable for all of you. This year, We have grown remarkably despite difficult world economy, thanks to continuous cooperation and support from our clients and partners all over the world. As a result, we KNTOTAL were able to provide services more mature and secure than before. As small streams come together to form a river, we always seize an opportunity which is provided by our valuable client and partners also, make a greater effortto satisfy you. Oursecond annualreport will certainly provide benefit for usto know each other better, furtherstrengthening of ourtrustfulrelationship. In this

issue, you will find our successful project performance during year 2015 that covered our regular projectshipment,triangle transportation,the nation largest evershipmentwith long-termplan fortransportation, news aboutrelocating, visiting valuable partner and many more. We promise to be your beneficial partnerwherever andwheneverif help is needed. I hope year 2016will be filledwith happiness. Thank you very much. KIM KYUNG HEE CEO With Armed Guards 02 04 05 At loading port, all the shipments were transported by cargo trucks from the manufacturer’s factories to yard of the PTOC where the vessel

of M.V. CHIPOLBROK STAR to be lying afloat berthed alongside in Pyeongtaek port, Korea and were loaded into the speciÿed cargo compartments by means of the ship’s cargo gears using suitable cargo wire rope slings with careful handling to prevent any damage to the cargo. The mostimportantthing we considered when we were requested by client was planning safety measure during transporta-tion forinland trucking fromdischarging portto final destination and distance is about 700km. According to preliminary route survey,there were no special obstacles and the condition ofthe roads wasfine. In

addition, in orderto get permission fortransportation of heavy cargo, ittakes approximately 1 month so, it needsto be submit before loading at origin port. Furthermore,road survey also should be arranged in advance since armed guards have to accompany during long distance transit. 1. 5973MTS/14,411CBM/MAX. WT PER UNIT 141MTS OF PRESS EQUIPMENTS 2. PYEONGTAEK PORT, KOR / IPA TERMINAL, ALTAMIRA PORT, MEX / MONTERRAY JOBSITE, MEX 3. PERIOD : MID APR TO END OCT 2015 4. WORK SCOPE : FOT KR TO FOT MX INC ON SHORE 5. VESSEL PERFORMED DURING ON-SHORE 1) 1ST SHIPMENT BUILT 2004, GT/NT/DWT

24,142/11,266/30,346MTONS LOA/BM/DM 199.80/27.80/15.50METERS CRANES 2X320T, 2X50T COMBINED TO 640MTONS 2) 2ND SHIPMENT SAME PARTICULARS WITH ABOVE SISTER VESSEL 6. INLAND EQUIPMENTS PERFORMED DURING OFF-SHORE : MODULE 24 AXLES, VARIOUS TRUCKS 06 03 07 Particular and Cold, Saint Laurent River The distance from Dangjin port, Korea to Detroit, USA is about 22,600km and transit time took about 55days. What is a unique about thisshipment wasthat vessel went trough St. Laurent River for entering Detroit port and distance is approximately 1,700km. All the shipments were transported by cargo trucks

fromthe manufacturer’sfactories to yard oftheGodae wire rope slings, web-beltslings and round slings with careful handling. 1. 5,808MTS/12,601CBM/MAX. WT PER UNIT 94MTS OF PRESS EQUIPMENTS 2. DANGJIN PORT, KOR / DETROIT PORT, USA / DETROIT JOBSITE, USA 3. PERIOD : MID JULY TO EARLY, DEC 2015 4. WORK SCOPE : FOT KR TO FOT US INC ON-SHORE 5.VESSEL PERFORMED DURING ON-SHORE 1) 1ST SHIPMENT CLASSGL BUILT 2011 GT/NT/DWT 12,772/5,641/17,370MTONS LOA/BM/DM 144.00/22.80/13.35METERS CRANES 2) 2ND SHIPMENT CLASSGL BUILT 2007 GT/NT/DWT 9,611/4,260/12,743MTONS LOA/BM/DM 138.01/21.00/11.00METERS CRANES 6.

INLAND EQUIPMENTS PERFORMED DURING OFF SHORE : VARIOUS MULTI MODULER TRAILER, DUAL LANE 12 AXLES FOR MAIN HEAVY CARGO, 150TON In case of ports at the great lakes, it needs enough time to get out of the great lakes after discharging especially in the winter time. Also, after discharging from the vessel, permission for transportation should be acquired in advance, otherwise, detention could be occurred like a disaster! Meet the Timing with Pre-Carriage In case of shipment from China, the highly important thing for advance preparation isthat ETA of mother vessel is timed to arrivaltime of

pre-carriage properly. One of features forinland trucking in China is if there is mistiming between arrival time of vessel and pre carriage, there are possibilities to occur disputes about surcharge or between concerned parties since shipment is loaded onto a variety of transportation method from several wide-spreading manufacturing plants. In this case, allshipment was fortunately delivered at loading port prior to 7days before berthing, thanks to cooperation with supplier in China smoothly. This shipment was 358mton, 2,504.82cbm and max weight per unit was 58mton from Shanghai, China to

Persian Gulf. Loading operation commenced at 2050hrs on 24th July operation at about 1000hrs on 25th July. On 17th July 2015, before vessel berthing, our surveyor contracted by us proceeded both equipment measurement and pre-loading survey at open yard of terminal Luojing, Shanghai and checked that there are not problem to ship them out. 1. 358MTS/2,505CBM/MAX. WT PER UNIT 58MTS OF PLANT GOODS 2. SHANGHAI, CHN / PERSIAN GULF 3. PERIOD : END JULY TO END AUG 2015 4. WORK SCOPE : HOOK TO HOOK ON-SHORE 5.VESSEL PERFORMED DURING ON-SHORE FLAG ST.VINCENT, BUILT 1986, CLASS BV GT/NT/DWT

23,275/9,270/32,974MTONS LOA/BM/SUMMER DRAFT 176.29/30.00/10.52METERS CRANES 3X25MT 2X40MT COMBINED TO 70MT Performing vessel which has DWT 32,974mt, crane capacity 25mt*3, 40mt*2 and combined to 70mt got alongside at terminal Luojing port of Shanghai at 1600hrs on 24th July and commenced loading at 2050hrs on 24th July. Before loading our cargoes, we checked other cargo could not be cropped on the top of our cargo, secondly all cargo should be loaded under deck and lastly the lashing/dunnage of our cargo should be suitable and satisfactory for sail. 04 08 All our requests were proceeded

accordingly and our client satisÿed with our successful service. 09 2,100km Passed Two Borders 05 10 Bandar Abbas sea port has a long history and is a logistical hub in southeast Iran. Facilities and scale of port are maintained at suitable levels, especially most of shipments are for transshipment since it is as a logistical hub for inland transportation to Central Asia. This project was about inland transportation, distance was approximately 2,100km from Bandar Abbas sea port to jobsite in Azerbaijan to the northeast through two borders. The key issues were that lashing and securing had to

be strong and safe for long distance transportation, also inducing all trucks to correct direction despite of poor communications infrastructure. Once vessel berthed at Bandar Abbas seaport, customs transit formalities such as settling PHC, storage charges and all related charges to get loading permission were proceeded. After completing that, cargoes were loaded onto truck and properly secured and lashed by sling belts. Transit time from Bandar Abbas seaport to Jobsite in Azerbaijan took around 20days and we successfully delivered all cargoes safely. 1. 670MTS/2,368CBM OF FABRICATED STEEL

STRUCTURE 2. BANDAR ABBAS PORT, IRN / SOMGAYIT JOBSITE, AZE 3. PERIOD : EARLY MAR TO END MAR 2015 4. WORK SCOPE : UNDER HOOK TO FOT JOBSITE INC. TRANSIT CUSTOMS 5. TRUCKS PERFORMED DURING INLAND HAULAGE 60 UNITS OF NORMAL TRUCKS AND 2 UNITS OF TILT TRUCKS 11 12 The nation's largest Ever 06 13 The Nation’s Largest Waste Heat Boiler July 2015. The loading operation of Waste heat Boiler was carried out from about 1630 hours on 16th July 2015 to 0450 hours on 17th July 2015 and the loading operation of Stack was carried out from 1545 hours to 1730 hours 17th July 2015 and the sea-fastening

operation conducted until 1900 hours on 17th July 2015. All sea-fastening materials were in good condition and considered to be adequate for the purpose so that none of the cargo will shift during the voyage to the destination. The cargoes arrived at Berth No. 1 of Dongbang General Pier in Ulsan New Port, Ulsan, Korea at about 0715 hours on 21st July 2015 without any remarkable issue during voyage and after releasing the sea-fastening from the cargoes, and the discharge operation was commenced from 0914 hours on 21st to 1000 hours on 22nd July 2015. Thereafter, the cargoes were inland

transported to the construction site of cargo receiver (SK Gas) from 2335 hours on 22nd to 0137 hours on 23rd July 2015 without any remarkable damage and then the cargoes were unloaded from conveyances from 1200 hours to 1750 hours on 23rd July 2015. Based on our inspection available, it is of our opinion that the shipments were stowed and secured to our satisfaction and that the transportation was safely carried out with the execution of our recommendation and skillful seamanship in accordance with the loading/seafastening/securing/discharging plans for the intended voyage.. 1.

3,084MTS/37,165CBM/MAX. WT PER UNIT 2,980MTS OF PLANT GOODS 2. PYEONGTAEK, KOR / DONGBANG PIER, ULSAN PORT, KOR 3. PERIOD : 16TH JULY TO 26TH JULY, 2015 4. WORK SCOPE : ROLL ON/OFF INC ON-SHORE 5. VESSEL PERFORMED DURING ON-SHORE FLAG KOREA, BUILT 2007, CLASS KR LOA/BM/DRAFT DLWL/DWT 129.10/36.00/5.10METERS/17,000MTONS 6. SPMT PERFORMED DURING ON-SHORE 120 AXLES WITH 4 POWER PACK CONSISTED BY 4 FILES, EACH FILE 30 AXLES FOR BOILER 24 AXLES WITH 1 POWER PACK FOR STACK Increasing to transport modularized cargoes, transportation of enormous heavy cargo is on a rising trend. When heavy cargo is

transported, it has to be fully inspected from the time to design a cargo and after completing to manufacture, also the possibilities to transport is considered. In order to transport this shipment, road reinforcement was conducted on the shipment route and examination for an interior wall of port, geological of road and technical of transport also conducted prior to 10months. In addition, we had a meeting and implementing safety training more than 10 times. As a result, we performed successfully and were praised by client and related companies. Moreover, this project has been recorded as the

transport for the nation's largest-ever modularized boiler. 14 2. New sta, Ms. Janice Park Last April, Ms. Janice Park (Jung Sik) has joined KNTOTAL'S staff as a new recruit. She is specialized in international business from nation’s university and has aspirations to be an expert of forwarding industries. She went through a probation period of 3 months and has been having a good job in charge of overseas communication and network control now. 3. ,/505"-h4 Workshop We had a workshop from 1st May to 2nd May and went to Nami Island which is one of the best attractions in Korea. Through this

activity, we were improved team communications and relations between the staffs and promoted