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TERMS AND CONDITIONS

Thank you for registering with Scorpio's Pool Portal ("Portal").

Please carefully read the terms and conditions set out below (the "Terms"). By accessing and using the Portal, you confirm that

(a) you have read, fully understood and accept the Terms,

(b) you agree on the collection and use of your personal information within the Portal.

A. Definitions

"Pool Agreement" means a pool agreement or pool accession agreement entered into between certain owners or disponent owners of vessels and one of Scorpio Pools Ltd.'s subsidiaries, including but not limited to Scorpio Handymax Tanker Pool Ltd., Scorpio MR Pool Ltd., Scorpio LR1 Pool Ltd., Scorpio LR2 Pool Ltd, Scorpio Kamsarmax Pool Ltd, Scorpio Aframax Pool Company Ltd., Scorpio Panamax Tanker Pool Ltd, Scorpio Ultramax Pool Ltd, Scorpio Cape Pool Ltd. and Scorpio Panamax Pool Company Limited.

"Pool Member" means a company who participates in one of the Scorpio Pools pursuant to a Pool Agreement.

"Scorpio" means Scorpio Commercial Management S.A.M.

"Scorpio Pool" mean a shipping pool established in accordance with a Pool Agreement.

B. License to use the Portal

The Portal is devised to facilitate access to information pertaining to the relevant Scorpio Pool and the relevant Pool Member. The Portal is offered and maintained by Scorpio on a free of charge basis and Scorpio reserves the right in its absolute discretion to shut down the Portal at any time without further notice.

Access to and use of the Portal is without prejudice to any relevant Pool Agreement, which remains valid and in full force.

C. Portal Registration and Accounts

Each account granted is personal and should only be used by the individual it is granted to (each an "Individual"). Each Pool Member may request additional accounts for as many Individuals as required, each of which shall be an employee, agent or representative of the Pool Member.

Your account will be terminated if your organisation stops being a Pool Member and/or if your working relationship with the Pool Member(s) is terminated for any reason. Your account may also be terminated any other time at the sole discretion of Scorpio.

D. Acceptable Use Policy

You may only use the Portal to access information that is made available by Scorpio using your own account. Subject to the Terms, you may perform the following actions on the Portal:

- view pages in a web browser;

- download or print documents and pages; and

- interact with the provided services.

You may not use the Portal in any other way, including:

- using the Portal in any way that may cause damage to the Portal or restrict its performance or accessibility;

- using the Portal in any way that is unlawful, illegal, fraudulent or harmful or in any connection with any unlawful, illegal, fraudulent or harmful purpose or activity;

- using the Portal to copy, store, host, transmit, send, use, publish or distribute any material which consists of (or is linked to) any spyware, computer virus, Trojan horse, worm, keystroke logger, rootkit or other malicious computer software;

- accessing the Portal making use of an automated process, robot or spider;

- using another Individual's account to access the Portal; and/or

- allowing anyone else, whether within and outside your organisation, to use your account to access the Portal.

You must notify Scorpio immediately if you become aware of any unauthorised use of your account and/or any disclosure of your password.

E. Breaches of the Terms

Your use of the Portal will be monitored and violations of the Terms may result in your access to the Portal being restricted, suspended or terminated. Any such sanction will be without prejudice to any other right in law or equity which Scorpio may have.

F. Intellectual Property Rights - Copyright Notice

All copyright and other intellectual property rights in all text, images and other materials on the Portal are the property of Scorpio or are included with the permission of the relevant owner.

You are permitted to browse the Portal and reproduce extracts by way of printing or downloading to a hard disk. This is only to be done provided that you keep intact all copyright and other proprietary notices. No reproduction of any part of the Portal may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or portal.

The logos, characters and service marks displayed on the Portal belong to Scorpio Services Holding Limited.

G. Confidentiality

Any documents, reports and data you gain access to through the Portal (the "Pool Information") are to be kept private and confidential and beyond the reach of any third party, with the exception of the lending banks of the Pool Members or the Pool Members' agents. Except as expressly provided for in these Terms, you shall not make any copies of the Pool Information.

These Terms are governed by and shall be interpreted in accordance with English law.

All disputes arising under or in connection with these Terms shall be referred to arbitration in London. The arbitration shall be conducted in accordance with one of the following London Maritime Arbitrators' Association ("LMAA") Rules:

(a) where the amount claimed by the claimants is less than United States Dollars Two Hundred and Fifty Thousand (US$250,000), excluding interest, the reference shall be to a sole arbitrator and the arbitration shall be conducted in accordance with the LMAA FALC Rules;

(b) where the amount claimed by the claimants is less than United States Dollars Fifty Thousand (US$50,000), excluding interest, the reference shall be to a sole arbitrator and the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure; and

(c) in any case where the LMAA procedures referred to above do not apply, the reference shall be to three arbitrators (one to be appointed by each of the parties and the third by the arbitrators so chosen) in accordance with the LMAA terms in force at the relevant time.

I. Privacy and Data Protection Policy

Scorpio will act as the data controller in relation to all processing of personal data collected through the Portal.

On May 25, 2018, the European Union ("EU")'s new General Data Protection Regulation (the "GDPR") entered into force and has direct effect in the EU. Similar data protection laws apply in Norway, Iceland, Turkey, Switzerland and other countries.

Scorpio is committed to ensure that the privacy of individuals is protected. The following terms pertain to the personal information collected, processed and used via the Portal.

1. Collection:

Your information has been provided by your organization in order to create an account or collected through your subsequent use of the Portal.

2. Usage:

Scorpio uses your personal information in the following ways:

- to store and process your login details (username + password);

- to monitor whether you have a continuing working relationship with a Pool Member;

- to identify any breaches of the Terms; and

- to send alerts to your email address

3. Disclosure:

Scorpio will disclose your personal information according to the terms of any relevant Pool Agreements.

4. Data Transfer Abroad:

The personal information enclosed in the Portal may be accessed abroad in relation to required maintenance operations.

Scorpio implements appropriate technical and organisational measures to protect Personal Data against accidental or unlawful destruction or accidental loss, alteration, unauthorised disclosure or access, and shall ensure that any of its employees or agents or other persons who it provides access to the Personal Data are obliged to keep it confidential.

5. Data Retention:

Scorpio will retain your personal information for as long as (a) your account is active, (b) required in accordance with Scorpio's internal policies and/or (c) required pursuant to applicable laws and regulations.

6. Cookies:

Scorpio uses a tracking technology for session authentication or settings storage where applicable (the "Cookies"). The Cookies are data sent from the web server to your browser, where they are stored for later recovery.

Cookie collection may be disabled in your browser preferences. You may also configure it in such a way as to inform you of the recording of a Cookie. The Cookie storage occurs only in case you expressly agree to it. Your browser allows the Portal to access only the Cookies it has installed, not those installed by other websites.

7. Your Rights:

Under the GDPR, you have certain rights, including:

a. To be informed about the collection and use of your personal data;

b. To request from Scorpio access to your personal data, or to restrict processing of your personal data, and to receive your personal data or have it transmitted to another data controller;

c. In addition to the possibility of using direct access to data to make modifications directly, you also have the right to request that Scorpio corrects your personal data on your behalf, in case such data is processed incompletely or inaccurately;

d. To request deletion or destruction of your personal data;

e. To restrict processing of your personal data where applicable under the GDPR; and

f. To lodge a complaint with a relevant supervisory authority.

In addition, you may have certain additional rights under local data protection laws. Scorpio is committed to complying with all local data protection laws and will promptly respond to your requests in connection with the rights you may have in accordance such laws.

8. Contact details:

Data Subjects may contact Scorpio by email at: dataprotection@scorpiogroup.net at any time.

J. Email Alerts Opt-out

If you subscribe or have previously subscribed to the Portal and given your consent to the use of your personal information, you may receive email alerts. You can opt out of such communications at any time by contacting Scorpio by email at dataprotection@scorpiogroup.net

K. Changes

Scorpio may amend, supplement, update and revise the Terms at any time by updating this web page. When the Terms are updated, you will be redirected to the newest version the first time you log in to the Portal after the change.

The Terms published on the Portal are kept up-to-date.

This update is dated January 2019.