Odfjell Quarterly October 2012

LandmarksODFJELL QUARTERLY magazineOdfjell issuesnew bond programmeBy Margrethe Gudbrandsen, Communication Manager, Bergen10Odfjell established a 500 million Singaporedollar bond programme in the Singaporemarket in September.Currently Odfjell has two NOK bonds onoutstanding in the Norwegian market thatmatures in 2013 and 2017. We also havea history in the Singapore bond market,with a bond issued in 2006 that matured in2011. – The intention was to refinance thisbond at maturity, but as the market wasunfavorable at that time we decided to waitfor improvement in the market. To preparefor this, we have established a bond programmein Singapore where we may issueNew DocumentManagement System ProjectBy Arne Sletten Helgesen, Project Manager, Bergenbonds in the Asian investor market, saysTom A. Haugen, VP Finance in Odfjell SE.And he continues: - Odfjell has the opportunityto participate in many exciting projectswithin the chemical tanker market, tankterminals market and in the gas carriersegment. The proceeds from a potentialbonds issue may be employed to materializethese projects, to repay debt and for generalcorporate purposes.The banks assisting Odfjell are DBS, HSBC and DNB SingaporeTom A. Haugen, VP Finance, Odfjell SEThis summer a new project was launchedwhich focuses on understanding ourrequirements regarding a new DocumentManagement System. Currently ourdocuments are stored in several places;in file shares, as attachments to emails,in SharePoint Team Sites and in severallines of business applications. The manystorage areas means it is time consumingto store, retrieve and dispose of documents.A New Document ManagementSystem will introduce options for versioncontrol, document templates, securityand compliance.• a document management system canimprove our overall effectiveness, especiallywith regards to the retrieval of documents,but it will also include better options fordocument control and securityThe project group members are from all maindepartments and we will create a broaderreference group that should ensure that allThe many storageareas means it is timeconsuming to store,retrieve and disposeof documents.offices are also kept informed during theproject. We are now at the very start of theproject and our focus is to grasp all ourrequirements for a Document ManagementSystem. We plan to have a report ready by earlyOctober which will list our main requirementsand which will also including a project scopeand budget.The reasons for starting this project arethreefold:• to establish an information lifecycle strategyfor document retention and deletion• to have alignement. There are severalinitiatives present today, focusing onimproving document management systems.With this project we are aiming to ensurethat we do not end up with a series ofcompeting systemswww.odfjell.com