In all the Havila Shipping ASA operations it is important to retain a set of core values and approaches to the process of doing business. Havila Shipping ASA recognises its obligations to all those with whom it has dealings. The reputation of Havila Shipping ASA and the trust and confidence of those with whom it deals are among its most vital resources. Havila Shipping ASA demands and maintains high ethical standards in carrying out its business activities. Corrupt practices will not be tolerated.

 

Relations with Customers
Havila Shipping ASA believes that integrity in dealings with clients is a prerequisite for a successful and sustained business relationship. This principle governs all aspects of the company's approach to its clients.
In all advertising and other public communications, untruths, concealment and overstatement will be avoided.
No employee may give money or any gift of significant value to a client. Nor may any gift or service be given which could be construed as being intended as a bribe.
Havila Shipping ASA accords the same degree of confidentiality to confidential client information as it does to its own confidential information.

Relation with Suppliers
Havila Shipping ASA aims to develop relationships with its suppliers based on mutual trust.
Havila Shipping ASA undertakes to pay its suppliers according to agreed terms of trade.
The receipt of gifts or favours by employees can give rise to embarrassing situations and can be seen as an improper inducement to grant some concession in return. The following principles must be observed:

• Gifts or favours must never be solicited.
• Gifts of money must never be accepted.
• Reasonable small tokens and hospitality may be accepted provided they do not place the recipient under any obligation, are not capable of being misconstrued, can be reciprocated at the same level and the employee's immediate superior is made aware of the same.
• Any offer of gifts or favours of unusual size or questionable purpose should be reported immediately to the employee's superior.

 

Relations with Competitors
Havila Shipping ASA will compete vigorously but honestly.
Havila Shipping ASA will not damage the reputation of competitors either directly or by implication or innuendo.
In any contacts with competitors, employees will avoid discussing proprietary or confidential information.
Havila Shipping ASA believes service excellence to be the best way of enhancing its reputation. Whilst fair comparison between the Havila Shipping ASA strengths and competitors' weaknesses may be made, Havila Shipping ASA will not engage in damaging competitors' reputations either directly or by implication, misrepresentation or innuendo. Issues relating to international business
Havila Shipping ASA will respect the traditions and cultures of each country in which it operates and commits itself to obeying the laws of countries and communities where it conducts business.
Where business practices differ in countries in which Havila Shipping ASA operates, it will favour consistent procedures amongst subsidiaries and associates. It will work towards multilateral action aimed at achieving a high common standard.