Antitrust/Competition Compliance Policy

It is Odfjell’s policy to comply fully with the competition rules in all jurisdictions where Odfjell operates. Odfjell prohibits any discussion or other communication the purposes or effect of which might be construed as an agreement or understanding, or an attempt to induce others to enter into such an agreement or understanding,

  • fix prices with competitor,
  • allocate markets or customers,
  • discuss prices with competitors
  • restricting supply of products or services to others.

The following agreements or understandings with competitors may be illegal:

  • Information sharing with competitor,
  • Refusals to Supply Competitors or Customers,
  • Artificially high or low rates,
  • Exclusive Dealing,
  • Tying,
  • Discriminatory Discounting.

Odfjell has appointed a Compliance Officer Corporate, who is responsible for carrying out Odfjell’s Compliance Policy and the training programme.

Violations or suspected violations of the competition rules by Odfjell employees shall be reported to your superior or the Compliance Officer according to Whistleblowing Policy.

Any breach of competition law is likely to have serious consequences for Odfjell and those who work for Odfjell, and can result in criminal prosecution against individuals, severe financial penalties and damage to Odfjell's reputation. Odfjell will therefore take a very hard stance against violations of the competition rules and the compliance Policy, and penalties may include pay reduction, demotion, termination of employment and dismissal.

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