ANNUAL REPORT 2006

P&I Insurance

Underwriting111111111Claims1

Loss Prevention

Hull and Machinery Cover

Audit Report

Balance Sheet
February 20 2006

Income And Expenditure Acco
2006/2007

Cash Flow Statement
February 20 2007

Notes To The Financlal Statements of P&I Risks 20th February,2007

Audit Report

Balance Sheet
December 312006

Income And Expenditure Account For the Year ended December 31 2006

Cash Flow Statement
For the Year ended December 31 2006

Notes To The Financlal Statements of HM Cover
December 31 2006

COSCO(H.K) Shipping Co.,Ltd.
li Zhenyu

HTM Shipping Tanker Company
Liu Gengbao

COSCO Bulk Carrier Co., Ltd.
Sun Jiakang