Press Release

FSO Safer MEMORANDUM OF UNDERSTANDING

05 March 2022

Memorandum of understanding between UN and the Sana’a authorities, March 5, 2022

MEMORANDUM OF UNDER5TANDNG

PARTIES: THE UNITED NATIONS, ABDULLAH MOHAMED FAHEM & CO and THE
SUPERVISOY COMMITTEE FOR THE MPLEMENTATON OF THE URGENT
MAINTENANCE AGREEMENT AND THE COMPREHENSNVE EVALUATION OF THE
SAFER FLOATING TANK

In view of the serious threat FSO Safer poses and the wide and multiple risks, the parties signing below
have taken the initiative to discuss this issue and given the commitment of the United Nations to make
all efforts to mobilize the necessary funds and the necessary work for addressing FSO Safer situation,
and with success of such efforts, the United Nations represented by the Resident Coordinator, the
undersigned parties have agreed on the following:

      1. The United Nations is committed to providing and supplying a replacement equivalent to the
           FSO Safer suitable for export with a target of eighteen months.

      2. All signatory parties acknowledge that the authorities in Sana'a bear no financial obligations.

     3. The authorities in Sana'a are committed to providing all facilities for the success of the project.

     4. The undersigned parties understand that provision of atemporary tanker to transport the cargo
           from the FSO SAFER to atemporary vessel may be required. The United Nations will provide this
           temporary vessel and it willremain near to the FSO Safer, taking into consideration the technical
           aspects in determining the location until item number one (1) is fulfilled. The UN will prepare
           an operational plan that is in line with this memorandum of understanding.

          Dated 5 March 2022,
 

FSO Safer MEMORANDUM OF UNDERSTANDING

UN entities involved in this initiative

RCO
United Nations Resident Coordinator Office

Goals we are supporting through this initiative