Privileged and Confidential

SEA-Mate® Introduction
Presentation for MAN Diesel
Prime|Serv

10-11th March 2009

Copenhagen

1
 Presentation Agenda
• Introductions
• SEA-Mate® Product Line
– SEA-Mate® Analyzer
– SEA-Mate® Blending On Board (BOB)
• Additive availability
• Latest Test Result
• Q&A

2
 Maersk Fluid Technology, Inc. …

… is the latest addition to the A.P. Moeller-Maersk Group:

• a wholly-owned subsidiary headquartered in Norfolk, VA,
U.S.A. …
• with offices in Copenhagen, Rotterdam and Hong Kong …
• dedicated to innovation regarding lubricants, fuels and other
fluids used in equipment operation - from procurement to
technologies involving metering, analyzing, blending,
separation and fluid design, to services, such as inventory
management …
• working closely with oil majors, certification bodies and OEMs
…
• offering all its services industry-wide, backed by a global
support network
• URL : www.maerskfluid.com

3
 Development of the SEA-Mate® Concept
• Oil Companies and OEMs Focus on Scrapedown Programs

•Need for low BN CLO identified

•GMR Vasavi Evaluation

•Commercialization of 1st Low BN CLO

•Mobil Oil Patents Blending Onboard Concept

•Mobil Forms Cooperative Venture with MAN B&W

•XOM Dissolves the MAN Venture

•Lubrizol Innovation Group Starts Blending Onboard Development

•Lubrizol Abandons the Project, Dr. K. Damm leaves Lubrizol and Takes Concept
to A.P. Moller

•MFT-I Created

•Technical LLC Created Between MFT-I, Innov-X and Teedro Ltd.

•Testing with OEMs

•MFT-I and PrimeServ Agree on

Cooperative Venture

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

4
 The SEA-Mate® Line of Products

tool to provide on-board / SEA-Mate® B2000

-site blending of
optimized fluids, namely
main engine cylinder oil
from used system oil to
increase operational
flexibility and reduce
daily running cost
• blends fluids of widely
different physico-chemical
characteristics to
consistent, high-
performance lubricant
specifications

5
The SEA-Mate® Line of Products
• tool to provide predictive
maintenance, incipient failure
detection, and fluid quality
control SEA-Mate® M2000
• fluid analysis, namely for wear
elements, sulfur, trace elements,
cat-fines
• to be expanded to include water,
acid number, asphaltenes,
polymers, soot, flash point,
density, viscosity
• designed for analysis of engines
oils (crosshead 2-cycle, trunk
piston, heavy duty diesel, gas or
steam turbine), compressor oils,
gear oils, circulating oils,
refrigeration oils, hydraulic fluids,
all type of fuels and hydrocarbon
cargoes

6
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® M3000 Analyzer

On top of all M2000’s

capabilities, Aluminium
and Silicon
Sample can be
Preparation Equipment
measure onboard

SEA-Mate® M3000

7
 What is X-Ray Florescence

• XRF excites the atoms with a bombardment of X-rays. In return, the atoms emit x-
rays characteristic of the chemical element at an amplitude that corresponds to the
mass of the chemical element in the sample. XRF spectrometers are commonly
calibrated to report the concentrations of the reported elements present in parts per
million (ppm).

• Commercial XRF spectrometers, like television sets and computer monitors, are
designed to be operated safely without any requirement for radiation certification of
the operator, although familiarization instruction should be provided by the Original
Equipment Manufacturers (OEM). The x-rays emitted by the x-ray tube within the
spectrometer are extinguished when electrical power is removed.

• The unit requires infrequent maintenance since it has no moving parts. The
instruments themselves are robust, require little in the way of alignment, and are
easily calibrated

8
PRIVILEGED & CONFIDENTIAL!

SEA-Mate®
SEA-Mate® Elemental
M3000 Spectrum
Analysis Capability

12
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® Analyzer

1. 4.
1. M2000 Unit
2. Bar code reader
3. Insert Sample
4. Test Result
5. Trend Report

5.
2. 3.

18
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® Analyzer
SEA-Mate Analyzer ®

SEA-Mate® Analyzer:
SEA-Mate® M2000
• Tool to provide predictive maintenance, SEA-Mate® M3000
incipient failure detection, and fluid quality
control

• Fluid analysis, namely for wear elements,

sulfur, trace elements, cat-fines, base
number

• Designed for analysis of engines oils

(crosshead 2-cycle, trunk piston, heavy duty
diesel, gas or steam turbine), compressor
oils, gear oils, circulating oils, refrigeration
oils, hydraulic fluids, all type of fuels and
hydrocarbon cargoes

• Optimum instrument for monitoring

scrapedown oil to insure blended oil is
performing as expected

• In the future to be expanded to include

water, acid number, asphaltenes, polymers,
soot, flash point, density, viscosity

19
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® Analyzer

• Energy dispersive XRF (EDXRF) using either one (M2000) or

two X-ray Tubes (M3000)

• Standard Tube (1): simultaneous measurement of Cr, Fe, Ni,

Cu, Pb, Zn, V, Ca, S (or other elements as per detection limit
guidelines)

• Secondary Tube (2): simultaneous measurement of Al, Si, P

(if needed)

• User chooses, if he requires one or both measurements

• Rugged, environment-proven design, NEMA 4X Housing /

touch screen PC

• Widely scalable – from stand-alone to fully integrated into

network

• Includes bar code reader, sample bottles and labels for all
flanges / ports desired to be sampled

• Radiation tested and certified safe by TÜV Germany

20
PRIVILEGED & CONFIDENTIAL!

Intuitive HMI
SEA-Mate – incl. Trend Analysis
® Analyzer Trend Analysis

Capability

21
 SEA-Mate® Analyzer

• Analysis done in 6 minutes for standard test

• Features • Designed for easy operation
• Bar coded sample identification
• Value proposition • Analysis history and exportable management
reports
• Benefits • Non destructive analysis allows for re-test
and retain samples
• Can measure condition of fuel and lubricants
• Measurement of key elements
 M3000 (Ca, V, Cr, Fe, Ni, Cu, Zn, Pb, S,
Si, Al)
 Si and Al accurately measured down to 5
ppm combined

22
 SEA-Mate® Analyzer
Lubricants
• Features
• Detection of critical component condition
• Value proposition • Ideal for scrapedown analysis to confirm
Lubricants cylinder condition
• Save down time & spare parts
• Benefits • Ability to determine operating condition of
engine as well as other key components
• Early detection of potential failures
allowing for preventative actions
• Ability to detect wear particles of all sizes
• Determination of change intervals
• Ability to monitor oil condition during
critical operation, slow steaming,
manoeuvring, full load, humid conditions
etc…
• Check systems after maintenance is
conducted to ensure it was done properly
• Confirmation of lube filter efficiency
• Create a trend profile for each key
lubricated component

23
 SEA-Mate® Analyzer
• Features • Close to real time monitoring of
critical systems
• Value proposition • Can be used for all lubricated systems
• Benefits • Designed to be easy to use by crew
with clear on screen instructions and
help screens
• Test results in 6 minutes on site
• Capable of producing a short pay
back period (Charlotte Maersk
example $500K cost avoidance)
• Component history maintained and
can be uploaded to OEM, oil company
or head office
• Can run comparison of condition of
similar components

24
 SEA-Mate® Analyzer
SEA-Mate® Analyzer Take Away (3)
• Features
• Value
proposition Fuels
• Ability to determine if harmful Cu is in the
(Fuel) fuel
• Ability to check for fuel contamination prior
• Benefits •
to use
Ability to check Sulfur, Vandium
• In M3000, ability to check Aluminium and
Silicon

25
Privileged and Confidential

Example of SEA-Mate® Analyzer in Service

Susan Maersk

Fe Analysis

1000
800
600
400 Cylinder 3
Blending Onboard Overview (Non-Official Test Vessels) 200
0
• Susan Maersk – Started Blending Onboard August

14 t
23 ep
30 ep

7- p

21 ct
28 ct
ct
8- l
15 ul
22 l
29 ul
5- l

19 ug
26 ug
2- g
12 ug

9- p
16 ep
24 un
n
Ju

-Ju

-Ju

Oc
u

e
-Ju

Se
J

-J

-O
-O
-O
2008

-A
-A
-A
A

-S
-S
-S
S
1-
-J
17
– Vessel running on XOM additive blended at 70 BN
– Scrapedown results very similar to pre-test results
running on Mobilgard 570
– Spike on Cyl. # 3 from <100 ppm to 350 ppm. Piston
pulled as a result and broken S-lock determined to
be the cause. Rings replaced Fe Analysis
– Cyl. #10 continues to have high Fe values both on
Mobilgard 570 and blended 70 BN 1000
800
600
400 Cylinder 10
200
0

14 ct
23 ep
30 ep

7- p
8- l
15 ul
22 l
29 ul
5- l

21 ct
28 ct
ct
19 ug
26 ug
2- g
12 ug

9- p
16 ep
24 un
n
Ju

-Ju

-Ju

e
-Ju

Se

O
J

-J

-O
-O
-O
-A
-A
-A
A

-S
-S
-S
S
1-
-J
17

26
Privileged and Confidential

Example of SEA-Mate® Analyzer in Service

Svend Maersk

Fe Analysis

1000
• Svend Maersk – Started Blending Onboard in August 800
2008 600
– Vessel running on XOM additive 400 Cylinder 5
– Scrapedown results the same on blended CLO vs 200
Mobilgard 570 0
– Cyl #5 showed high Fe values in September (50 ppm

11 t
20 p
ep
ep
19 l
26 l
2- l

18 t
ct
ct
23 g
ug
ug
g

16 g

13 p
-Ju
-Ju
-Ju

Oc

c
u
Au
Au

e
Se
up to 250 ppm) based on XRF analysis

-O
-O
-O
-A
-A
-A

-S
-S
-S
4-
12

6-
9-

25
27
30
– Cyl #5 inspected and it was found that numerous
lube injectors were plugged
– Repairs made and Fe level dropped back to 50 ppm
Svend Maersk - Scrapedown Oil S /ppm

500 40000

450
35000
400
30000
350

Fe / ppm 25000
300 Cyl 5
Cyl 6
250 20000
Cyl 7
200
15000 Cyl 8
150 Fuel S
10000
100
5000
50

0 0
12-07- 19-07- 26-07- 02-08- 09-08- 16-08- 23-08- 30-08- 06-09- 13-09- 20-09- 27-09- 04-10- 11-10-
2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008 2008
00:00 00:00 00:00 00:00 00:00 00:00 00:00 00:00 00:00 00:00 00:00 00:00 00:00 00:00

27
Privileged and Confidential

Example of SEA-Mate® Analyzer in Service

Sofie Maersk
Sofie Maersk
• Cylinder #10 scrapedown tested on XRF and showed high iron content.
• 2008-10-04 load reduced until 2008-10-11
• Load increased and three samples taken on 2008-10-16 (morning,
afternoon and evening) showed significant increase in Fe
• During port stay on 2008-10-17 four SIP valves were found
malfunctioning.
• The SIP valves were overhauled and pressure tested and are now
reported to be in good working order and Fe wear has level has
returned to < 100 ppm.

28
Privileged and Confidential

Example of SEA-Mate® Analyzer in Service

Sovereign Maersk
• Onboard analysis detected rise in Fe levels in mid-June
• C/E increased sample frequency and detected the spike in Fe on 30 June
• At next port the SIP valve for cylinder #10 was replaced
• Wear returned to normal levels

Fe Analysis
1200

1000

800

600
Cylinder 10
400

200

13-Oct

20-Oct

27-Oct
4-Aug

6-Oct
19-May

26-May

1-Sep

8-Sep

15-Sep

22-Sep

29-Sep
2-Jun

9-Jun

16-Jun

23-Jun

30-Jun

11-Aug

18-Aug

25-Aug
7-Jul

14-Jul

21-Jul

28-Jul

29
Privileged and Confidential

Example of SEA-Mate® Analyzer in Service

Maersk Container Vessel
August 2008
• High sulfur fuel of <4.0% while running on 60BN
blended cylinder oil
• Cat fines varied from low to high
• Detected elevated Fe on all units, initially believed to
be corrosion related.
• Decision taken to continue operation on 60BN at same
feed-rate
• Fe returned to lower levels once all high sulfur HFO
was consumed
• Analysis verified by XOM Signum lab based testing on
Fe and Residual TBN samples

Vessel’s DNV Fuel Analysis Results

Date Sulfur % Water% Al mg/kg Si mg/kg Bunkered

15-04-08 2.84 0.3 24 28 Rotterdam
22-06-08 2.54 0.1 4 7 Barcelona
15-07-08 4.49 0.1 8 7 TPP
3/8/2008 2.13 0.7 19 28 LA

30
 Example of SEA-Mate® Analyzer in Service
Maersk Container Vessel A
Fe

1000
900
800
700
600
500
Cylinder 2
400
300
August 2008 200

• Cylinder # 2 100
0
• Cr and Fe elevated with carry over of both 21-May 21-Jun 21-Jul 21-Aug 21-Sep 21-Oct
elements to scrapedown oil samples in units
1, 3 and 4.
Cr
• Cr surface on piston ring detached. Very high
Fe levels. Unit scuffed and was overhauled 100
and liner replaced 90

• Note: no high temperature alarms occurred 80

70
60
50
Cylinder 2
40
30
20
10
0
21-May 21-Jun 21-Jul 21-Aug 21-Sep 21-Oct

31
 Example of SEA-Mate® Analyzer in Service
Maersk Container Vessel B

September 2008 100

90
80
• All cylinders showing increase in Fe not coinciding
70
with high sulfur fuels.
60
• Believed to be high levels of cat fines entering the
50
engine. Could not be verified with M2000 analyzer Cylinder 2
40
(M3000 would have provided verification)
30
• All units returned to normal after 1-2 weeks.
20
10
0
21-May 21-Jun 21-Jul 21-Aug 21-Sep 21-Oct

100 100
90 90
80 80
70 70
60 60
50 50
Cylinder 4 Cylinder 9
40 40
30 30
20 20
10 10
0 0
14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct

32
Privileged and Confidential

Example of SEA-Mate® Analyzer in Service

Maersk Container Vessel C
October 2008 1000
• All units showing severe increase in both Fe and Cr. 900
This combination is indicative of Cat fines entering the 800
engine (M2000 analyzer cannot verify the cat fine
700
level of fuel. M3000 needed)
600
• All units showing severe wear. Reported that 10 units 500
have scuffed and need to be overhauled. 400
Cylinder 6

• Lab analysis of the HFO from the engine inlet showing 300
80 ppm cat fines. (purifier operation?) 200
• M3000 analyzer would have been able to detect cat 100
fines in fuel samples prior to use in 6 minutes 0
• Savings potential $500,000+ on this engine alone 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct

1000 1000
900 900
800 800
700 700
600 600
500 500
Cylinder 9 Cylinder 12
400 400
300 300
200 200
100 100
0 0
14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct 14-May 14-Jun 14-Jul 14-Aug 14-Sep 14-Oct

33
Privileged and Confidential

Blending Onboard Third Party Testing

MOL in Japan tested the SEA-Mate® M3000 Analyzer and B2000 Blender at their laboratory in
Tokyo. Below is a sample of their results.

Blend #1 Blend #2 Blend #3 Blend #4 Blend #5 Blend #6 Blend #7 Blend #8

Control M a nua l M a nua l M a nua l M a nua l M a nua l M a nua l Sem i-Auto Sem i-Auto
Ta rg et TBN 40 45 50 60 70 80 60 70
Pum p
Ba se O il 60 60 60 60 60 60 60. 00 60. 00
Speed
Additive 18 24 30 36 42 48 32. 27 41. 55
(H z)
Flow Ba se O il 1874. 8 1875. 0 1875. 3 1874. 7 1874. 4 1874. 7 1865. 7 1867. 6
(kg /hr) Additive 295. 4 385. 7 481. 9 580. 2 672. 1 768. 5 505. 0 648. 5
S 7713 8217 8660 9271 9671 10218 9342 10001
V 4 4 4 6 5 8 3 7
Fe 11 15 18 19 22 24 21 23
M eta l
Content Ni 3 3 4 3 2 3 1 4
by Cr 2 4 5 4 5 5 4 4
SE A-M a te Pb 1 2 2 1 2 2 2 2
(ppm )
Cu 0 1 1 0 2 1 1 0
Ca 13739 16415 19028 21707 24337 26408 21205 23943
Zn 538 529 527 522 522 511 520 518
Ca lcula ted TBN 38. 5 46. 0 53. 4 60. 9 68. 3 74. 1 59. 5 67. 2
TBN (ISO 3771) 38. 8 46. 6 54. 5 62. 2 70. 0 77. 0 59. 7 69. 4

Ba se O il : 7 TBN Ca lcula ted TBN = Ca (ppm )/10000*28. 05

Additive : 250 TBN TBN (ISO3771): Determ ina tion of ba se num ber-Perchloric a cid potentiom etric titra tion m ethod

34
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® B2000 Blender

35
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® B2000 Blender

SEA-Mate® Blender Objectives

• To remove and re-use the system oil in the main engine before its
condition deteriorates
• Improves main engine lubrication and condition

• System oil is used as the base fluid for blending variable TBN
cylinder oil onboard through the use of an approved additive
package
• Creates flexibility in operation and provides an optimal cylinder
lubricant for all fuel sulfur levels and operational environments

36
Blending Onboard Schematic

37
38
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® B2000 Blender

SEA-Mate® Blender Benefits

• Allows for custom blending of cylinder lubricant to meet operational

conditions and potentially in the future, alternative environmentally
friendly fuels
– No need for two cylinder oils to be stored onboard, ie: high and low BN
depending on fuel sulfur used

• Offers the operator full flexibility to optimize cylinder oil feed-rate for all
operational parameters
– Engine load, fuel sulfur, intake air humidity, liner condition etc….
– Reduces unwanted deposits on the piston and turbo-charger blades
resulting from excessive ash in high additive cylinder oil
– At lower BN levels, reduces net amount of particulate emissions

39
Study of Residual BN from Multiple APM-M Vessels
Date
Power at Ambient Cylinder Scavenge Scavenge Air Iron (MSA
Total Engine Sampling Fuel Sulfur at Temp. Relative Running Space Last Pressure Index values TBN Viscosity Feed Rate
Hours (kW) Sampling (°C) Humidity Hours Cleaned (bar) not PPM) (mg KOH/g) Water (%) OK? (g/kW-hr)

47,766 49,660 2.6% 22 72% 47766 05-june-07 2.0 50 52 0.1% yes 0.49
48,386 49,050 2.9% 33 70% 48386 05-june-07 2.3 120 40 0.2% Yes 0.52
47,887 46,210 2.63% 23 81% 47887 05-june-07 2.3 55 17 0.12% Yes 0.58
48,021 37,230 2.88% 40 63% 48021 05-june-07 1.81 105 42 0.22% Yes 0.68
48,169 36,370 2.88% 30 67% 48169 05-june-07 1.55 120 34 0.22% Yes 0.94
48,303 32,710 2.88% 34 65% 48303 05-june-07 1.43 125 36 0.17% Yes 0.91
48,561 42,900 2.88% 31 100% 48561 03-sep-07 2.10 70 36 0.13% Yes 0.70
48,708 32,610 2.88% 34 89% 48708 03-sep-07 1.44 100 30 0.17% Yes 1.25
48,842 47,530 2.9% 24 68% 48842 03-sep-07 2.4 45 36 0.09% Yes 0.94
48,943 50,670 1.39% 18 89% 48943 03-oct-07 2.5 10 58 0.06% Yes 0.74
49,370 42,900 2.2% 30 83% 49370 03-oct-07 2.17 15 41 0.15 Yes 1.22
49,495 46,618 2.1% 28 69% 49495 03-okt-07 2.2 15 52 0.3% Yes 1.08
49,630 25,340 2.1% 25 82% 49630 05-nov-07 1.0 5 56 0.2% Yes 1.10
49,794 38,368 2.1% 32 65% 49794 05-nov-07 1.7 15 58 0.2% Yes 1.07
49,917 30,992 2.9% 31 65% 49917 05-nov-07 1.3 10 54 0.1% Yes 0.88
50,083 46,551 1.9% 18 53% 50083 05-nov-07 2.3 10 56 0.2% Yes 0.91
50,159 46,532 3.2% 12 87% 50187 05-nov-07 2.3 20 57 0.2% Yes 0.96
50,268 33,723 1.9% 14 76% 50268 05-nov-07 1.5 10 58 0.2% Yes 1.11
50,410 48,649 2.4% 23 63% 50410 05-nov-07 2.4 25 56 0.2% Yes 1.09
50,551 49,161 2.4% 30 70% 50551 05-nov-07 2.4 20 52 0.2% Yes 1.07
50,688 49,808 2.4% 27 76% 50688 05-nov-07 2.4 20 48 0.2% Yes 1.09
50,827 30,032 2.4% 21 81% 50827 07-jan-08 1.2 5 52 0.2% Yes 1.09
50,998 29,964 2.4% 32 65% 50998 07-jan-08 2.4 15 54 0.2% Yes 1.14
51,154 35,320 3.2% 26 51154 07-jan-08 1.6 20 48 0.2% Yes 1.11
51,288 50,111 3.19% 18 62% 51288 07-jan-08 2.46 10 48 0.23% Yes 1.06
51,461 49,919 2.4% 6 52% 51461 07-jan-08 2.4 10 44 0,.21% Yes 0.87
51,603 42,946 2.4% 17 78% 51603 07-jan-08 2.1 15 48 0.23% Yes 1.07
51,777 48,796 2.40% 31 70% 51777 07-jan-08 2.3 10 50 0.2% Yes 1.06
51,908 43,487 2.40% 28 75% 51908 07-jan-08 2.1 5 50 0.10% Yes 0.99
52,024 48,360 2.4% 15 54% 52024 15-mar-08 2.3 5 50 0.04% Yes 1.07
52,194 33,619 2.4% 32 60% 52194 15-mar-08 1.6 15 58 0.11% Yes 1.09
52,294 34,751 2.4% 31 59% 52294 15-mar-08 1.5 5 59 0.09% Yes 1.05
52,644 25,334 0.3% 6 85% 52644 15-mar-08 1.0 15 52 0.09% Yes 1.44
52,753 35,326 0.24% 20 50% 52753 15-mar-08 1.55 10 58 0.16% Yes 1.03

Average
Residual 49
BN

40
PRIVILEGED & CONFIDENTIAL!
SEA-Mate® B2000 Blender

SEA-Mate® Blender Additional Benefits

• Eliminates need to purchase more expensive commercial cylinder oil

• Create cost savings by optimizing consumption of cylinder oil additive

• Because SAE 50 viscosity grade requires commercial cylinder oil to be blended

with expensive thickeners, using system oil is more cost effective

• Cylinder oils typically contain high viscosity base stocks that reduce thermal
stability and increase deposit formation and engine wear, blended oil has
significantly less of these high viscosity components

• Improved bearing lubrication due to regular replenishment of system oil, thus

improving engine efficiency resulting in potentially lower fuel consumption

• Offers greater supply security in the event of raw material shortages (as
experienced in 2005)

41
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® Blender
Control Panel

Base Oil
Pumping
Skid

Additive
Pumping
and
All blenders are ABS / DNV certified Mixing
Skid

42
Additive and Base Oil Skids Installed Onboard a
Container Ship

43
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® B2000 Blender Control Unit

44
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® B2000
• Blender Design
 Two pumps
 Mass flow meters
 PLC Control
 Designed to be highly precise in blending accuracy (+/- 2 BN)
 Has back-up components for assurance of operation at all times
• Base Stock (System Oil)
 Base fluid is taken directly from the System Oil in the Main Engine sump
• Additives
 Additive packages have been thoroughly tested in cooperation with the
major OEMs
 In a three year evaluation in a 12K90MCC engine, the blended oil with the
additive spike was evaluated by the OEM (MAN B&W) and showed wear
and cleanliness results equal to the best cylinder oil from the leading oil
company supplying the marine and stationary power sectors

45
PRIVILEGED & CONFIDENTIAL!

SEA-Mate® B2000 Specifications

• Base oil typical working viscosity range 120 to 1,800 cSt

• Base oil temperature range 5 to 40°C

• Base oil density range 0.8 to 1 SG

• Base oil TBN range 5 to 20 TBN (remains at 5 BN after several blends)

• Maximum suction losses no more than 0.5 bar

• Air supply for valve actuation nominally 6 bar (control clean)

• Size is 1,190 mm (w) x 1,350 mm (h) x 640 mm (d), approximately 250

kg

46
PRIVILEGED & CONFIDENTIAL!

Effect of Replenishment of System Oil - Sump Clean-Up

Before starting blending onboard; crankcase with After 60 MT of system oil being used to blend
deposits on sump walls and floating on top of the cylinder oil the crankcase shows definite signs of
system oil. clean-up. Deposits easily removed with a dry cloth
with minimal pressure.

47
Privileged and Confidential

Evolution of the Blending Onboard Concept

Today we are evaluating at a constant BN over a wide fuel sulfur range

Fuel Sulfur

4.0% 70 BN

60 BN
3.0%

50 BN
2.0% CLO BN
Level

48
Privileged and Confidential

Evolution of the Blending Onboard Concept

Next phase is to adjust BN strictly based on fuel sulfur level

4.0% 70 BN

60 BN
3.0%

CLO BN CLO BN CLO BN

Level 50 BN
2.0% Level Level

49
Privileged and Confidential

Evolution of the Blending Onboard Concept

Ultimate use of blending onboard is to couple general BN guidelines with onboard

analysis

Fuel Sulfur
70 BN
4.0%
Savings through
lower additive treat
60 BN
3.0%
CLO BN CLO BN
Level Level
CLO BN 50 BN
2.0% Level
CLO BN
Level

Fe = < 150 ppm Fe = > 150 ppm Fe = < 150 ppm

Residual BN = >20 Residual BN = <20 Residual BN = >20
Action: Blend to higher BN
and re-analyze the 50
scrapedown
Privileged and Confidential

Blending Onboard Field Test Overview

Blending Onboard Test Overview

• Mindanao Power Plant – 3 year evaluation on blended oil using XOM additive concentrate and system
oil
– Inspected by MAN Diesel and determined to have satisfactory results
– MAN Diesel Letter of No Objection issued on 13 Dec. 2007 covering concept and XOM’s 70 BN blended product

• A.P. Moller – Test started April 2008

– Blending XOM additive
– Finished blend 60 BN
– Average load during test = 70%
– Alpha-SIP lubricators
– 2K hour results showed some erratic results
– Vessel mutually determined to be problematic as a test vessel based on historical performance
– Vessel removed from official test program however, MFT-I to continue to monitor

• Skagen Maersk – Test Started March 2008

– Vessel was instructed to install new rings on test cylinders at start of test but did not do it due to miscommunication
– Blending XOM additive
– Desired blend 60 BN, however, C/E blended 80 BN without authorization and used same for 500 hours
– Average load during test = 70%
– Alpha SIP lubricators
– Scrapedown analysis very consistent throughout test
– Initial inspection, 2K hour inspection and 4K hour inspection conducted by MAN Diesel

51
 MAN Diesel Inspection Results
January 2009
Skagen Maersk

M/V SKAGEN MAERSK IMO no. 9166792 12K90MC Engine no. 003735 Run. hours .
63,157 6,000 hours on blended oil
Cylinder 7

52
 MAN Diesel Inspection Results
January 2009
Skagen Maersk

M/V SKAGEN MAERSK IMO no. 9166792 12K90MC Engine no. 003735 Run. hours .
63,157 2,000 hours on blended oil from break-in
Cylinder 6

53
 A.P. Moller Vessels Currently Blending
Onboard
Vessel Engine Additive Status
Skagen MAN Diesel Fully supplied

A.P Moeller MAN Diesel Fully supplied

Svend MAN Diesel Fully supplied

Caroline MAN Diesel Fully supplied

Susan MAN Diesel Fully supplied

Chastine MAN Diesel Fully supplied

Columbine MAN Diesel Fully supplied

Cornelius MAN Diesel Fully supplied

Soroe MAN Diesel BP Test Vessel

Sally MAN Diesel Fully supplied

Sovereign MAN Diesel Fully supplied

Carsten MAN Diesel Fully supplied

Sofie MAN Diesel Fully supplied

Sine MAN Diesel Fully supplied

54
Privileged and Confidential

Vessel Reviews

Blending Onboard Experience

Skagen Maersk
Susan Maersk
Svend Maersk

55
Privileged and Confidential

Skagen Maersk

• Vessel began test on blended oil March 2008

• Initial inspection conducted by MAN Diesel
• Interim 2K hour inspection conducted by MAN Diesel
• 4K hour inspection conducted by MAN Diesel
• 6K hour inspection on full engine plus 3 break-in cylinders Jan. 2009
• Throughout the test, cat fine level has varied from 3 ppm to 51 ppm (Table below through 9/2008)

Skagen Maersk DNV Fuel Analysis Results

Date Sulfur % Water% Al mg/kg Si mg/kg Bunkered

13-04-08 2.91 0.1 23 19 FOS
25-05-08 3.52 0.2 22 29 LA
24-06-08 4.09 0.1 5 5 TPP
3/8/2008 4.27 0.1 2 1 TPP
6/8/2008 1.93 0.1 19 25 Tacoma
2/9/2008 3.51 0.2 11 11 TPP

56
Privileged and Confidential

Skagen Maersk

Sulphur Analsyis Fe Analysis

40000 1000
35000
800
MG 570 Blended
30000
25000 600
20000
15000 HFO 400 Cylinder 1
10000 200
5000
0 0
28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 27- 27- 27- 27- 27- 27- 27- 27- 27- 27- 27-
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 2 400 Cylinder 3
200 200
0 0
28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28-
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

57
Privileged and Confidential

Skagen Maersk

Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 4 400 Cylinder 5
200 200
0 0
28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28-
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 6 400 Cylinder 7
200 200
0 0
28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28-
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

58
Privileged and Confidential

Skagen Maersk

Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 9 400 Cylinder 10
200 200
0 0
28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28-
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 11 400 Cylinder 12
200 200
0 0
28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28- 28-
Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct

59
 17
-J

0
200
400
600
800
1000
0
200
400
600
800
1000
24 un

17 24
-Ju
n
1-
Ju
8- l
J
15 ul
-Ju
22 l
-J
29 ul
-Ju
5- l
A
12 ug
-A
19 ug
-A

1 1 2
26 ug
Privileged and Confidential

-A
u
2- g
Se
9- p
S
16 ep
-S
23 ep
-S

1 2 3

Fe Analysis
Fe Analysis

30 ep
-S
e
7- p
O
14 ct
-O
21 ct
-O
1 2 2
28 ct
-O -Ju -Ju 1-J 8-J 15-J 22-J 29-J 5-A 2-A 9-A 6-A 2-Se 9-Se 6-S 3-S 0-S 7-O 4-O 1-O 8-O
n n ul ul ul ul ul ug ug ug ug p p ep ep ep ct ct ct ct
ct

Cylinder 3
Cylinder 1

17 17
-J -J

0
200
400
600
800
1000
0
200
400
600
800
1000

24 un 24 un
-Ju -Ju
n n
1- 1-
Ju Ju
8- l 8- l
J J
15 ul 15 ul
-Ju -Ju
22 l 22 l
Susan Maersk

-J -J
29 ul 29 ul
-Ju -Ju
5- l 5- l
A A
12 ug 12 ug
-A -A
19 ug 19 ug
-A -A
26 ug 26 ug
-A -A
u u
2- g 2- g
Se Se
9- p 9- p
S S
16 ep 16 ep
-S -S
23 ep 23 ep
-S -S
Fe Analysis

Fe Analysis

30 ep 30 ep
-S -S
e e
7- p 7- p
Oc Oc
14 t 14 t
-O -O
21 ct 21 ct
-O -O
28 ct 28 ct
-O -O
ct ct
60
Cylinder 2

Cylinder 4
 17
-J

0
200
400
600
800
1000
0
200
400
600
800
1000
24 un

17 24
-Ju
n
1-
Ju
8- l
J
15 ul
-Ju
22 l
-J
29 ul
-Ju
5- l
A
12 ug
-A
19 ug
-A

1 1 2
26 ug
Privileged and Confidential

-A
u
2- g
Se
9- p
S
16 ep
-S
23 ep
-S

1 2 3

Fe Analysis
Fe Analysis

30 ep
-S
e
7- p
O
14 ct
-O
21 ct
-O
1 2 2
28 ct
-O -Ju -Ju 1-J 8-J 15-J 22-J 29-J 5-A 2-A 9-A 6-A 2-Se 9-Se 6-S 3-S 0-S 7-O 4-O 1-O 8-O
n n ul ul ul ul ul ug ug ug ug p p ep ep ep ct ct ct ct
ct

Cylinder 7
Cylinder 5

17 17
-J -J

0
200
400
600
800
1000
0
200
400
600
800
1000

24 un 24 un
-Ju -Ju
n n
1- 1-
Ju Ju
8- l 8- l
J J
15 ul 15 ul
-Ju -Ju
22 l 22 l
Susan Maersk

-J -J
29 ul 29 ul
-Ju -Ju
5- l 5- l
A A
12 ug 12 ug
-A -A
19 ug 19 ug
-A -A
26 ug 26 ug
-A -A
u u
2- g 2- g
Se Se
9- p 9- p
S S
16 ep 16 ep
-S -S
23 ep 23 ep
-S -S
Fe Analysis

Fe Analysis

30 ep 30 ep
-S -S
e e
7- p 7- p
Oc Oc
14 t 14 t
-O -O
21 ct 21 ct
-O -O
28 ct 28 ct
-O -O
ct ct
61
Cylinder 6

Cylinder 8
 17

0
200
400
600
800
1000
-J

0
200
400
600
800
1000
17 24
24 un
-Ju
n
1-
Ju
8- l
J
15 ul
-Ju
22 l
-J
29 ul
-Ju
5- l
A
12 ug
-A
19 ug
-A

1 1 2
Privileged and Confidential

26 ug
-A
u
2- g
Se
9- p
S
16 ep
-S
23 ep
-S

1 2 3

Fe Analysis
Fe Analysis

30 ep
-S
e
7- p
Oc
14 t
-O
21 ct
-O
1 2 2
28 ct -Ju -Ju 1-J 8-J 15-J 22-J 29-J 5-A 2-A 9-A 6-A 2-Se 9-Se 6-S 3-S 0-S 7-O 4-O 1-O 8-O
-O
n n ul ul ul ul ul ug ug ug ug p p ep ep ep ct ct ct ct

ct
Cylinder 9

Cylinder 11
17 17
-J -J
0
200
400
600
800
1000

0
200
400
600
800
1000

24 un 24 un
-Ju -Ju
n n
1- 1-
Ju Ju
8- l 8- l
J J
15 ul 15 ul
-Ju -Ju
Susan Maersk

22 l 22 l
-J -J
29 ul 29 ul
-Ju -Ju
5- l 5- l
A A
12 ug 12 ug
-A -A
19 ug 19 ug
-A -A
26 ug 26 ug
-A -A
u u
2- g 2- g
Se Se
9- p 9- p
S S
16 ep 16 ep
-S -S
23 ep 23 ep
-S -S
Fe Analysis

Fe Analysis

30 ep 30 ep
-S -S
e e
7- p 7- p
O O
14 ct 14 ct
-O -O
21 ct 21 ct
-O -O
28 ct 28 ct
-O -O
ct ct
62
Cylinder 10

Cylinder 12
Privileged and Confidential

Svend Maersk

Sulphur Fe Analysis

40000 1000
35000
30000 800
25000 600
20000
15000 Engine Inlet HFO 400 Cylinder 1
10000 200
5000
0 0
l l l g g g g g p p p p ct t t t
-Ju -Ju -Ju Au Au Au Au Au Se Se Se Se -O Oc Oc Oc

11 t
20 p
ep
ep
19 l
26 l
2- l

18 t
ct
ct
23 g
ug
ug
g

16 g

13 p
-Ju
-Ju
-Ju

Oc

c
u
Au
Au

e
Se
12 19 26 2- 9- 16- 23- 30- 6- 13- 20- 27- 4 11- 18- 25-

-O
-O
-O
-A
-A
-A

-S
-S
-S
4-
12

6-
9-

25
27
30
Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 2 400 Cylinder 3
200 200
0 0
11 ct

11 t
20 p
27 p
ep

20 p
ep
ep
19 l
26 l
2- l

18 t
25 t
ct

19 l
26 l
2- l

18 t
ct
ct
23 g
30 g
ug

23 g
ug
ug
g
g

16 g
13 p

13 p
-Ju
-Ju
-Ju

-Ju
-Ju
-Ju

Oc
c
c

c
u
u

u
Au
Au

Au
Au
e
e

e
Se

Se
O
-O
-O
-O

-O
-O
-O
-A
-A
-A

-A
-A
-A
-S
-S
-S

-S
-S
-S
4-

4-
12

12
6-

6-
9-

9-

25
27
16

30

63
Privileged and Confidential

Svend Maersk

Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 4 400 Cylinder 5
200 200
0 0
l l l g g g g g p p p p ct t t t
-Ju -Ju -Ju Au Au Au Au Au Se Se Se Se -O Oc Oc Oc

11 t
20 p
ep
ep
19 l
26 l
2- l

18 t
ct
ct
23 g
ug
ug
g

16 g

13 p
-Ju
-Ju
-Ju

Oc

c
u
Au
Au

e
Se
12 19 26 2- 9- 16- 23- 30- 6- 13- 20- 27- 4 11- 18- 25-

-O
-O
-O
-A
-A
-A

-S
-S
-S
4-
12

6-
9-

25
27
30
Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 6 400 Cylinder 7
200 200
0 0
11 ct

11 t
20 p
27 p
ep

20 p
ep
ep
19 l
26 l
2- l

18 t
25 t
ct

19 l
26 l
2- l

18 t
ct
ct
23 g
30 g
ug

23 g
ug
ug
g
g

16 g
13 p

13 p
-Ju
-Ju
-Ju

-Ju
-Ju
-Ju

Oc
c
c

c
u
u

u
Au
Au

Au
Au
e
e

e
Se

Se
O
-O
-O
-O

-O
-O
-O
-A
-A
-A

-A
-A
-A
-S
-S
-S

-S
-S
-S
4-

4-
12

12
6-

6-
9-

9-

25
27
16

30

64
Privileged and Confidential

Svend Maersk

Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 8 400 Cylinder 9
200 200
0 0
l l l g g g g g p p p p ct t t t
-Ju -Ju -Ju Au Au Au Au Au Se Se Se Se -O Oc Oc Oc

11 t
20 p
ep
ep
19 l
26 l
2- l

18 t
ct
ct
23 g
ug
ug
g

16 g

13 p
-Ju
-Ju
-Ju

Oc

c
u
Au
Au

e
Se
12 19 26 2- 9- 16- 23- 30- 6- 13- 20- 27- 4 11- 18- 25-

-O
-O
-O
-A
-A
-A

-S
-S
-S
4-
12

6-
9-

25
27
30
Fe Analysis Fe Analysis

1000 1000
800 800
600 600
400 Cylinder 10 400 Cylinder 11
200 200
0 0
11 t

11 ct
20 p
ep
ep

20 p
27 p
ep
19 l
26 l
2- l

18 ct
25 ct
ct

19 l
26 l
2- l

18 ct
25 ct
ct
23 g
ug
ug

23 g
ug
ug
g
g

16 g
13 p

13 p
-Ju
-Ju
-Ju

-Ju
-Ju
-Ju
Oc
u

u
Au
Au

Au
Au
e

e
e
Se

Se

O
-O
-O
-O

-O
-O
-O
-A
-A
-A

-A
-A
-A
-S
-S
-S

-S
-S
-S
4-

4-
12

12
6-

6-
9-

9-
27
16

30

30

65
Privileged and Confidential

Svend Maersk

Fe Analysis Sulphur

1000 40000
35000
800 30000
600 25000
20000
400 Cylinder 12 15000 Engine Inlet HFO
200 10000
5000
0 0
l l l g g g g g p p p p ct t t t
-Ju -Ju -Ju Au Au Au Au Au Se Se Se Se -O Oc Oc Oc

11 ct
20 ep
27 p
ep
19 l
26 l
2- l

18 ct
25 ct
ct
23 ug
30 ug
ug
9- g
16 ug

13 p
-Ju
-Ju
-Ju
Au

e
Se
12 19 26 2- 9- 16- 23- 30- 6- 13- 20- 27- 4 11- 18- 25-

O
-O
-O
-O
-A
-A
-A
A

-S
-S
-S
4-
12

6-
Cylinder 4 Load / Condition

150 120
130 100
110
80
90 ENGINESPEED
70 60
50 Cu 40 HUMIDITY
30 20 AMBIENTTEMP
10
0
-10 2-Aug
9-Aug
16-Aug
23-Aug
30-Aug

4-Oct
11-Oct
18-Oct
25-Oct
12-Jul
19-Jul
26-Jul

6-Sep
13-Sep
20-Sep
27-Sep
11 t
ep

ep

ep
l

18 t

25 t
ct
23 g

30 g
ug
g

16 g

p
-Ju

-Ju

-Ju

Oc

c
u

u
Au

Au

Se

-O

-O

-O
-A

-A

-A

-S

-S

-S
4-
12

19

26

6-
2-

9-

13

20

27

66
 How We Work Together

Prime
Customer
Serv

1. PrimeServ negotiates contract with Customer

2. Customer places order with PrimeServ
3. PrimeServ places order with MFT-I
4. MFT-I places order with Manufacturer
5. Manufacturer invoices MFT-I 30 Days net; PrimeServ arranges for shipment
6. MFT-I pays Manufacturer / invoices PrimeServ 45 Days net
7. PrimeServ pays MFT-I and invoices Customer as agreed in contract
8. MFT-I Ts&Cs apply to PrimeServ / MFT-I transactions

Manufacturer.
MFT-I

67
 Financial Review

F: PrimeServ/Value Calculator XOM –

BP 12-30-2008

68
 SEA-Mate® Pricing Schedules
Selling Price to PrimeServ

Units M2000 M3000 B2000 XOM Fee

2-5 76,000 $114,000 $95,000 $5,000
6 - 10 $72,000 $108,000 $90,000 $5,000
11 - 20 $68,000 $102,000 $85,000 $5,000
21 - 50 $66,000 $99,000 $83,000 $5,000
> 50 $64,000 $96,000 $80,000 $5,000

PrimeServ Selling Price to End Use Customer

Units M2000 M3000 B2000 Installation Discount

1 $110,000 $156,600 $133,400 $25,000 0%
2-5 $104,500 $148,770 $126,730 $25,000 5%
6 - 10 $99,000 $140,940 $120,060 $25,000 10%
11 - 20 $93,500 $133,110 $113,390 $25,000 15%
21 - 50 $90,750 $129,195 $110,055 $25,000 18%
> 50 $88,000 $125,280 $106,720 $25,000 20%

69
SEA-Mate® B2000 Value Calculator
Blending on Board Value Comparison

Assumption Calculation
- SEA-Mate® Blender $133,400 - Cylinder Oil Consumption [MT/Year] 347
- SEA-Mate® Analyzer [M2000] $110,000 - System Oil Consumption [MT/Year] 35
- Installation $25,000 Before using - Fuel Oil Consumption [MT/Year] 49,504
Investment
- Freight $2,500 BOB - Total Cost of Cylinder Oil [US$/Year] $764,272
- ExxonMobil License Fee [one time] $5,000 - Total Cost of System Oil [US$/Year] $52,109
Total Investment $275,900 - Total Cost of Fuel Oil [US$/Year] $19,801,595

- Loss from off hire [US$/Day] $70,000 - % of Additive to achieve TBN 55 19%
- Days delay for in-security supply due to - Additive Consumption [MT/Year] 67
Ship After using
tragedy such as Hurricane Katrina in the 0.0 - System Oil Consumption [MT/Year] 315
BOB
USA in 2005 [Days] - Total Cost of Additive [US$/Year] $190,264
- Total Cost of System Oil [US$/Year] $472,000
- Power [KW@MCR] 68,520
Engine - Operating hours [Hr/Year] 6,500
Take
- Engine load [% of MCR] 65% Savings everything into
account
- Cylinder Oil price [US$/MT] $2,200
- System Oil price [US$/MT] $1,500 Saving from Lube [US$/Year] $154,118
- Additive price [US$/MT] $2,820
- Cylinder Oil Feed rate [g / KW hr] 1.20 Saving from Fuel due to Cleaner Engine [US$/Year] $0
Lube
- System Oil Consumption [g / KW hr] 0.12 Saving from Fuel due to Cleaner T/C [US$/Year] $0
- TBN in used system oil 8
- TBN for blended cylinder oil 55 - Using of SEA-Mate® Analyzer M2000 $126,677
Other Savings
- Reduce risk of Exhaust Boiler Fires 0 - Supply Security $0
[US$/Year]
- Reduce risk of Exhaust Boiler Fires $0
- Fuel price (US$/MT) $400
- Fuel Oil Consumption [g / KW hr] 171 Total Saving [US$/Year] $280,795
Fuel
- % of fuel saving by cleaner engine
- % of fuel saving by cleaner T/C Payback [Year] 0.98

70
Calculated ROI Based on Volume and Bore Size

4.50 120,000

4.00

100,000

3.50

3.00 80,000

2.50 1
2-5
60,000
6-10
2.00
11-20
20-50
1.50 40,000 >50
bhp @ MCR

1.00

20,000

0.50

0.00 0
C
C

E
C

C
6C

6C
C

6C

6C
CU

6C

8M
C-
E-
M

E-

C-

0M

0M

96
A9

A9

x9

x9
x9
84
M

0M
60

ex

K9
K9

K9

e
fle
70

80

90

RT
TA
6S

-fl

-fl

-fl
7R

K9

12
10

12

T-
7L

8K

7K

12
7R

RT

RT

RT
10

8R
10

12

14
Reference Value Calculator XOM – BP 12-30-2008

71
Privileged and Confidential

Overview of Status of Major Oil Companies

• ExxonMobil
– 70 BN formulation approved
– 60 BN formulation under test on Skagen Maersk (6K hour inspection conducted 1/15 / 2009 in TTP)
– 50 BN formulation test to be scheduled

• BP
– 70 BN formulation under test Soroe Maersk
– 60 BN formulation to be evaluated on Soroe Maersk after 2K hours
– Low viscosity CLO test in process on S.L. Champion
• Currently running at 15.2 cSt with excellent results
• Scrapedown results continue to be well within limits (<150 ppm Fe)
• Plan is to go down to 14.5 cSt next month

• PetroChina
– PetroChina currently working on additive candidate
– Testing to begin as soon as formulation has passed a battery of bench tests

• Shell, Total, Texaco

– Limited discussions thus far
– Interest is growing as these companies hear more about the blending onboard concept
– MFT-I would welcome all above companies to develop their own additive package for BoB, however, XOM. BP and
PC will be more than sufficient to supply the global demand

72
 Managing Customer Expectations

• 2009 additive supplies limited to select ports, namely Rotterdam, Hong Kong,
and Singapore. Additional ports to follow
• Additive packages are to be provided by the oil majors, i.e. ExxonMobil and BP
in 2009; this may change in 2010, either to include additional oil majors or
additive to be provided by an additive manufacturer directly
• 2009 lead time for SEA-Mate® products is 90 days minimum
• Typical product delivery includes ‘turn key’ installation, commissioning and
training
• At present, offer does not include data interpretation and operational advice
• Consumables (sample materials) will sold by PrimeServ as spare parts

73
Privileged and Confidential

Overview of Status of Major OEMs

• MAN Diesel
– Has had high interest in concept since early 1990’s
– Initial program with Mobil Oil to develop automated sampling system cancelled by XOM in 2001
– Very supportive in cooperative testing of blender and analyzer at Mindanao Power Plant
– Cooperative testing with APM-M and MFT-I on container ships started in early 2008
– Letter of No Objection pending review of 6K hour test inspection from Skagen Maersk
– PrimeServ saw opportunity to add SEA-Mate® technology to product offer
– Strategic agreement signed between MFT-I and MAN Diesel in December 2008
– PrimeServ given exclusive rights to market the technology to all engines regardless of manufacturer
– Japanese market excluded for direct sales but is available for blender installation

• Wärtsilä
– Very positive about the SEA-Mate® concept since 2002
– Sales and Service group desired to have similar agreement as the PrimeServ deal
– Commercial terms demanded by Wärtsilä were not acceptable due to more favorable economics vs PrimeServ
– Testing on Wärtsilä vessel terminated after 2K hours due to catastrophic cat fine damage
– Testing of low viscosity PB product continues on S.L. Champion
– New test to start following meeting on 1/29/2009

• Mitsubishi
– Very positive regarding concept based on meetings in 2008
– No test performed yet on Mitsubishi powered vessel

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Thank you for your attention

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