EURO - CROATIA/ADRIATICCMA SHIPS WAGE SCALES Applicable 1st August 2014CONSOLIDATED WAGES = BASIC SALARY + LEAVE + SENIORITY SENIORITY SCALE = + 1% x Basic Wage & Leave Pay per additional year of seniority• 500 euro will be deducted for Master and Chief Engineers holding limited certificate of competency • Seniority = number of completed years in the rank within the company.• The new comers wages scale will be apply for the first voyage. • Seniority pay is effective from the 1st day of the following month when seniority becomes due.• The employee is responsible for any local social security charges. • On promotion to a higher rank, seniority resets to zero.

• Seniority cap : maximum 12 years for Masters, C/E, C/O, 2nd Engineers, and Electricians.maximum 5 years for junior officers.

Very large containerships Bonus8000 teu Vivaldi Class - 10 900 teu Captain & Chief Engineer 400 € per month on board on top of sum fo final salary (Base+seniority)

Captain on Watch, Chief Officer, 2nd Engineer & Electrical Officer 250 € per month on board on top of sum fo final salary (Base+seniority)> 10 901 teu Thalassa class Captain & Chief Engineer 600 € per month on board on top of sum fo final salary (Base+seniority)

Captain on Watch, Chief Officer, 2nd Engineer & Electrical Officer 350 € per month on board on top of sum fo final salary (Base+seniority)

Captain on Watch (C.o.W. 1/2/3) when joining in this rank a bonus of 10% of basic pay is applicable, paid monthly in arrears.

CROATIAN - VOYAGE CONTRACTS INCL. 15 DAYS LEAVE PER MONTH ONBOARD Euro per months at sea

Years seniority in the rank within the company Master Chief Eng

C/Oand2/E

2/O 3/E 3/O 4/E Elect. Officer Electrician Reefer Eng

Assistant Reefer /

Reeferman

Cadet Officer with diploma

Cadet Officer without diploma

New comers (First voyage only)0 - Basic Wages 5,122 5053 4171

0 - Leave Pay 2,561 2526 20850 - CONSOLIDATED WAGE 7,683 7,579 6,256 3,640 4,368 3,120 3,328 5,114 3,328 2,288 650 300

2nd Voyage CONFIRMED OFFICERS0 - Basic Wages 5,271 5,201 4,246 2,427 2,912 2,080 2,219 3,409 2,219 1,525 433 200

0 - Leave pay 2,635 2,601 2,123 1,213 1,456 1,040 1,109 1,705 1,109 763 217 1000 - CONSOLIDATED WAGE 7,906 7,802 6,369 3,640 4,368 3,120 3,328 5,114 3,328 2,288 650 300

Seniority Level1 79 78 64 36 44 31 33 51 33 232 158 156 127 73 87 62 67 102 67 463 237 234 191 109 131 94 100 153 100 694 316 312 255 146 175 125 133 205 133 925 395 390 318 182 218 156 166 256 166 1146 474 468 382 307 2007 553 546 446 358 2338 632 624 510 409 2669 712 702 573 460 30010 791 780 637 511 33311 870 858 701 563 36612 949 936 764 614 399

CROATIAN - PERMANENT CONTRACTS 4 months ON / 2 months OFF Euro per month * 12 months

Years seniority in the rank within the company Master Chief Eng

C/Oand2/E

3/ERobnik only Elect. Officer

0 - BASIC WAGE 5,271 5,201 4,246 2,912 3,409Seniority Level

1 53 52 42 29 342 105 104 85 58 683 158 156 127 87 1024 211 208 170 116 1365 264 260 212 146 1706 316 312 255 2057 369 364 297 2398 422 416 340 2739 474 468 382 30710 527 520 425 34111 580 572 467 37512 632 624 510 409

CROATIAN - PERMANENT & VOYAGE CONTRACTS 30 days ON / 25 days OFF Euro per month

Years seniority in the rank within the company

Permament Voyage Permament Voyage Permament Voyage Permament Voyage0 - BASIC WAGE 4,845 4,845 4,781 4,781 3,903 3,903 3,133 3,1330 - LEAVE PAY 4,038 3,984 3,252 2,612

Consolidated (voyage contract only) 8,883 8,765 7,155 5,745Seniority Level

1 48 89 48 88 39 72 31 572 97 178 96 175 78 143 63 1153 145 266 143 263 117 215 94 1724 194 355 191 351 156 286 125 2305 242 444 239 438 195 358 157 2876 291 533 287 526 234 429 188 3457 339 622 335 614 273 501 219 4028 388 711 382 701 312 572 251 4609 436 799 430 789 351 644 282 51710 485 888 478 877 390 716 313 57511 533 977 526 964 429 787 345 63212 581 1,066 574 1,052 468 859 376 689

Elect. OfficerMaster Chief Engineer C/O and 2/E