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INTERNSHIP REPORT ON
OVERALL ACTIVITIES OF

A Multi-Modal Transportation & Logistics (Shipping and C&F Agents, Transportation and Equipments Supplier).

A WORK STUDY IN I.B.S ASSOCIATES Aziz Chamber(3rd Floor), 6 Jubilee Road,Chittagong. e-mail: ibsa@smsbd.com, ibsa@bbts.net www.ibsabd.com

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SUBMITTED TO:
PROFESSOR

HONOURABLE VICE CHANCELLOR University Name, Place.

SUBMITTED BY:
Name--------------------------Program: ----------------------Id: -------------------------

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Chapter- 1 PREFACE

The world today is fast changing as new businesses are emerging replacing the old. In the new millennium, there is growing unease amongst the people about their future. Many countries are experiencing chronic unemployment, a persistent deficit balance of payment and deteriorating purchasing power. Like other businesses, we must enrich our knowledge and the dynamics of international Shipping and the shipping tycoons. No country is self-sufficient with her requirements of like; food, medicine, technology etc. She is to import those she does not produce and export those she produces in abundance.

These imports and exports normally are carried by Ships, Tankers and Barges approximately 90% of the world trade. The rest 10% of the merchandize are carried by Airfreight and Roadways. Various countries have been trying to increase the transportation facilities by global multimodal transport system and also enlarging their road links with neighboring countries. But the necessity of Sea-born Trade will never decline, rather it is bound to expand leaps and bounds.

At present there are around 50,000 various types of Merchant Ships, Tankers and Barges engaged in trading worldwide, transporting every kind of cargos. These Vessels are registered in over 150 nations, and manned by over one million seafarers belonging to almost every country of the world.

Page 4 of 33 ACKNOWLEDGEMENT

Internship program is an integral part of BBA/MBA course. Every BBA/MBA student is deputed to different organizations to learn something within the pre-stipulated time by observing these organizations' daily practices. In this regard, my internship was arranged at Chittagong Office: I.B.S Associates, Aziz Chamber (3rd Floor), 6 Jubilee Road, Chittagong and their Head Office,Dhaka. In accordance with the Counseling and active guidance of the Lecturer Engineer -------------, University Name. My heartiest thanks and gratitude to him for his enthusiastic guidance and sympathetic considerations during the entire phase of the study made enabled me to prepare this report. It would have been almost impossible to bring out this report without the help of the members and officers of IBSA who always rendered enthusiasm to assist and cooperate.
First and foremost, my heartiest felicitations and thanks to the gentlemen who had been very keen at exposing me to the precise ways to prepare this compact report. It would be unwise on my part if I do not acknowledge the superb support of all the officers, especially of those whom I worked with. In this connection, I place on Record Mr. Mr.
Salahuddin Y Jamal (SEO - Head of Correspondence) Mr. A.T.M Tofiq Ahmed (Management Representative).

My thanks also to; Mr. Mohammed Musa (GM-Shipping), Mr. Mohammed Jaglul Islam (Executive-Shipping & Transport), Mr. Anwer Hossain (Manager-HS&E) for their spontaneous assistance.

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I shall be failing in my duties for not mentioning the excellent working environment and the positive group behavior of this Sterling organization, which tremendously extended their cooperation, even allowing me to observe the banking activities, and also exposures with the staff and allowing my stay for long two months without any hesitation whatsoever. In fine I tried my level best, and worked diligently with utmost sincerity. My apologies to the readers for any printing mistakes, if found any. Name: ---------------------ID----------------------------Program: ---------------

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LETTER OF SUBMISSION DATE:-----------------Engineer -------------------------Lecturer, University Name------------Chittagong. Subject: Solicitation for acceptance of the internship report. Honjble Sir, I respectfully avail the pleasure to submit my Internship Report on "Overall activities of Shipping Agent of integrated maritime logistics support Contractors including Customs Clearing, Forwarding services and Mega Heavy Duty Equipment suppliers in Bangladesh"-----a work study in Messrs I.B.S. Associates, Aziz Chamber (3rd Floor), 6 Jubilee Road, Chittagong-4000. I was assigned to the above-mentioned company for a period of 02 (Two) months. During my industrial tour in the organization I have enriched myself and also gained exposures regarding practical aspects of Shipping & Logistics Services Business. In fine, I am willing to physically attend for explaining to any queries relating to my captioned Internship Report. Nevertheless I shall, remain ever grateful if your honor will oblige me by kindly accepting my enclosed report and pardon me for any short comings, which may have occurred despite my utmost endeavor. Sincerely,
{

_________ Name:----------Id: --------------------Program: -------------University Name:----------------------

Enclose: My Internship Report.

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TABLE OF CONTENTS
Chapter 1: Introduction Executive summary Introduction of the study Objective of the study Scope of the study Methodology of the study Limitations of the study Chapter 2: Company Profile History and background of I.B.S Associates Mission of IBSA Vision of IBSA Values of IBSA Objectives of IBSA Business Functions of IBSA Business philosophy of IBSA Management structure of IBSA Branch network of IBSA List of high officials Marketing aspects of IBSA International aspects of IBSA Chapter 3: Various Activities of I.B.S Associates Various services rendered by IBSA Divisions of IBSA Chapter 4: Performance Analysis Financial Aspects of IBSA Growth in different business of IBSA from 1988 to 2003 I.B.S Associates at a Glance from 1988 to 2003 Chapter 5: Financial Position of I.B.S Associates Investment of IBSA for the year 2003 Balance Sheet of IBSA Income Statement of IBSA Chapter 6 : Profitability Analysis Profitability Ratios Chapter 7 : Productivity Analysis Productivity Ratios Chapter 8: Problems & Recommendations Problems Major Findings Recommendations Conclusion Bibliography

Page No. 1 2 3 3 4 4 5 6 7 7 7 8 8 9 11 11 13 15 16 19 52 53 58 59 60 62 63 65 67 68 69 70 71

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EXECUTIVE SUMMARY
It is a great pleasure enabling me for completing my internship job with a well reported private organization (Shipping Agent of integrated maritime logistics support Contractors including Customs Clearing, Forwarding services and Mega Heavy Duty Equipment suppliers) like in I.B.S. Associates, Aziz Chamber, 6 Jubilee Road, Chittagong. Through my practical exposure with this organization was only two months. It has provided me a wide range of scope and facilities to observe the procedures of shipping functions especially focusing on foreign Shipping Agencies operation systems. After successful completion of the practical orientation in IBS Associates, I have come to know a lot of things such as how a Shipping and C&F Agents deals with their customers; how they achieve foreign Contract specially Bangladesh Oil & Gas Exploration & Development under the Ministry of oil, Gas and Mineral Resources Corporation (Petrobangla) and how they work with International Energy Conglomerates like; Cairn Energy Exploration (Bangladesh) Limited, Chevron Bangladesh Block 12,13 &14 Limited, Tullow Bangladesh Limited, Total E & P Bangladesh, currently operating in Bangladesh under Bangladesh Petroleum Act 1974 opens the opportunities for international petroleum industry to explore develop and produce oil and gas under Production Sharing Contract (PSC). Mode of fund mobilization for their various investment projects, banking operations, mode of communications with both their Principals and local High Command, dedication of their High Command to

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their organizational goals under Corporate Culture due to, Corporate Social Responsibility rendered by their employers.

The study covers different aspects of Project Handled and practical mode of operations both; Offshore and Onshore operations by IBS Associates (IBSA) including introduction, history of the organization, divisions of IBSA, management hierarchy of these divisions, marketing aspects of IBSA, international aspects of IBSA, financial aspects of IBSA, HSE and ISO 9001:2000 compatible aspects etc.,

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INTRODUCTION OF THE STUDY

The concluding project of the MBA course is to prepare a dissertation or internship report. For this purpose I opted IBSA for4 preparation of internship report. The world today has become a rapidly dynamic and robust entity. None in this competitive arena will be successful unless he or she is linked with practical orientation. In this respect internship program provides a ray of hope in connecting the theoretical knowledge to the practical knowledge we had earlier acquired. Transportation investments in developing countries and regions are made mainly on the basis of their impact on the development of the area or country. Given that governments normally provide and maintain the basic facilities such as Roads and Highways, Seaports and Airports, the Taxpayers rather than the Users pay the cost of transportation. The question is why financially sustained? Economic development is not a deterministic process, and the singling out of a single component of capital formation as a causal agent is an oversimplification. The process of development is a complex interaction between human and material resources with investment in transportation providing a possibility for developing other resources. It has also been pointed out that transportation improvements may release working capital which should these facilities be paid for by the Society? or how should these be

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can be used more productivity elsewhere, given that there are suitable productive out-lets.

OBJECTIVE OF THE INTERNSHIP PROGRAM: The main objective of the Internship program under MBA courses provided by University of Science & Technology Chittagong (USTC) is to obtain practical knowledge and related jobs to make the students prepared for their bright career. In addition to that the objectives of internship program in reputed Shipping, Logistics, Clearing & Forwarding Agencies provides a major practical knowledge of the Bangladesh energy sector i.e. Oil & Gas Exploration, Development and Distribution in the Offshore and Onshore in the various Petrobangla Blocks. dealings are as follows: 1. 2. 3. 4. 5. To familiarize with different functional areas of foreign Ship Handling (Marine & Logistics Support). To acquire knowledge on Shipping, Clearing & Forwarding Agency. To acquire the organizational behavior patterns in discharging responsibility as an executive. To gather practical knowledge on the systems, procedures and techniques used in Multi-Module transport industries. For exposures the interaction between various stakeholders namely; marketing, finance, other functional departments in the organization, also with various interest groups including the customers, suppliers, middle-men, financial bodies and various Statutory Agencies. I.B.S Associates

6. 7. 8. 9.

To learn the process of formulating objectives, policies, programs and their implementation day to day in the organization. To learn Project Materials procurement and Handling specially Oil and Gas field related aspects. To gather knowledge of Project Works Accounting Mode and Banking procedure including Ships disbursement and foreign remittance issues. To familiarize with merchandising other related jobs in mini and mega Projects.

Page 12 of 33 10. 11. 12. 13.

To gather knowledge about HS&E hazardous materials handling in explosives and dangerous goods in the Oil and Gas Projects. To find out the entire organizational structure. To understand the services offered and to understand the mechanism of the services available. Another objective was to get exposure of the real life work and idea of how is like working for an organization in gaining experience which will help me in my future practical life.

SCOPE OF THE STUDY.

This Report covers position in a reputed Shipping, Logistics, Clearing & Forwarding Agency providing a major practical knowledge of the Bangladesh energy sector i.e. Oil & Gas Exploration, Development and Distribution in the Offshore and Onshore in the various Petrobangla Blocks. I.B.S Associates, Aziz chamber, 6 Jubilee road, Chittagong focuses on the overview of background, management and organizational structure, functions, foreign trade business, Ship handling and Chandelling, Ships disbursement, clearing and forwarding formalities & Heavy equipment services in local and multinational project, general service organizational activities, Project estimation, Accounting Mode, local & foreign Banking procedures and foreign remittances issues. While preparing the internship report I discussed with the shipping and C&F executives, HS&E expert, vendors and clients of IBSA and then I came to know how they do their job. This report helped me to practical knowledge about Shipping, Transportation and Logistics sector.

METHODOLOGY OF THE STUDY The present study is based on theoretical analysis. Collected data and information were tabulated, processed and analyzed critically in order to make the program more informative, fruitful and purposeful one. For preparing this report data have been collected from both Primary and Secondary sources. (1) Primary Data: Primary data were collected through conversation; direct question and observation were formed in this connection. I am grateful to the following

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Executive of the I.B.S Associates, Aziz Chamber 6 Jubilee Road, Chittagong, for their nice cooperation in getting primary data: Mr. Sal Y Jamal (Head of Correspondence). Mr. A.T.M Tofiq Ahmeb (Management Representative). Mr. Syed Mohammed Musa (S.M & Head of Shipping). Mr. Mr. Gopal Das (Manager HR). Mr. Mohammed Jaglul Islam (Finance & Accounts). Mr. MD. Anower Hossain (Manager HS&E). Mr. MD. Abu Taher (Team Leader, Rigger). Mr. Mr. Babul Gosh (Foreman, Equipment). (2) Secondary Data: I have collected my secondary Data from I.B.S Associatess Web Site, publications, Petrobangla Annul Report 2007, Bangladesh Shipping Agents Association Report, C&F Agents Report, Shipping Executive Agents Association Report, different books, circular, memorandum, and documents and records of the IBSA.

LIMITATIONS OF THE STUDY - Best efforts have been made to make the report analytical, informative in comprehensive one. In spite of much better environment, I had to face various limitations those were uncontrollable. - Bank covers a wide area. By this limited time it was not possible for me to know the every activities of the Bank. I just observed what the bankers were doing and how. So, consequence is obvious that this report may seem to some extent a theoretical one.

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- Many procedural matters were written from own observation, which may also vary from person to person. LIMITATION OF THE INTERNSHIP PROGRAM: Although the opportunity of Internship program is a great one for me to acquire practical knowledge and other related jobs and getting opportunity of carrying out this program in an organization like Choice Group, there were also some limitations in this regard .Out of various limitations the followings are worth mentioning: The allocated time (8 weeks) was not sufficient enough to get involved with the vast and complex process under different functional areas of garments industries. Most of the time of my internship period I had to work in P&D and Store department that may not provide the total scenario of the garment operation. Another Limitation was that I was not given any guide from the organization who would monitor my activities and provide support. The persons involved in each section remain always busy with work so getting their support was quite difficult there. Another problem is the unavailability of various data regarding the organizations total export, which might help me in getting a clear picture of performance in comparison with total industry. Unavailability of various secondary data and publications on different functional areas of garments industries, which might help me in preparing a good internship report. The study was not done very successfully due to officer's busyness.

PART-I

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INTRODUCTION:

Transport and Economic Development: In order to analyze and discuss the incidence of transport on competitiveness and economic development, it is necessary to understand some basic issues and problems related to international trade. Although the individual shipper will probably not regard questions of international trade as crucial for his daily business, an introduction to the driving forces behind ocean transport and to problems such as exchange rates, customs, tariffs and quotas is required for a proper understanding of the shipping industry. Some aspects of transport and economic development are dealt with here. Export earnings are regarded as important for developing countries since revenues from exports could be used to purchase capital equipment and other goods from abroad that are required for industrialization and production. At least from a theoretical point of view, there may be other benefits from international trade which have important long term consequences: Larger markets would result in economics of scale in production and higher returns; commercial interaction and communication with more advances would provide learning effects, improvement of human resources. Several recent empirical studies support the proposition between growth in exports and the goods and services produced in the economy in a given period. It should be noted that the effect of freight costs are similar to those of tariffs, in the sense that they increase the landed price of foreign goods and thereby reduce the level of demand for these products. Studies show that the overall degree of production caused by international transport costs than those of their competitors. Other studies from other areas seem to confirm this observation. Three possible reasons for this are proposed.

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Remoteness involves high costs because of the transport distances involved. This disadvantage may be compounded by a combination of other unfavorable factors such as small trade volumes, or small consignments and requirements for specialized shipping (e.g.: reefer). Unbalanced trade may aggravate the disadvantage. Inefficiencies may be found in packaging, inland transport, port handling, ships operations etc. The causality between transport causes economic growth is supported by a number of studies. In sprite of this, the postulate that improved transport causes economic development has been questioned. The more modest viewpoint has been offered that an adequate transport system is a necessary condition of economic growth but will not by itself cause such growth.

One interesting aspect of these pretties to technological change in ocean shipping. For example: The unitization development, particularly in containers, together with specialization in bulk carriage, creates heavy demand for new port investment. But who reaps the benefits from these investments? If the port investment result in a faster turn-around for the ships, carriers cost decrease and these benefits should be passed on in the from of lower freight rates. But lower freight rates tend to accrue to all shippers on a trade routh that may include many ports and countries. These shippers who use the improved port may not benefit sufficiently to justify the investment. This raises the issue of how to structure port charges so that the benefits of improvement accrue to the improving port or country. Sea Port: Chittagong is the premier port of Bangladesh, located 15km away from the open sea. The port is situated on the right bank of Karnaphuli river. The port handles general Cargo and containers and has specialized berths & moorings for bulk handling of POL, edible oil, Grain, Cement clinker, Fertilizer & Project Equipment etc. The approximate traffic figures 25900,000 tons of cargo,

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including 22 lac tons of inland cargo and handled annually. The port handles annually about 784000 TEUs containers & that is also increasing at the rate of 18% annually. The port location is in the Bay of Bangal Seasonal Area. Tropical Dec, 1 to 30th, Summer from May,1 to Nov, 30th, maximum size of the vessel LOA. 187.7m and vessels draft 8.50 meters at main jetties and 9.14m. at CCT and is some specialized berths. Pilotage is compulsory for merchant vessels. The entrance to the river is constantly changing and no vessel should attempt to enter without a pilot. Pilot boards approximately two nautical miles sea-ward of the outer Bar Buoy. In the moderate to have weather, a lee side must be made for the pilot boat. The vessel receiving a pilot is required to wait at the pilot ground near the entrance, underway and taking consideration of the effect of tide and other conditions to facilitate bording of the pilot in good time and to be able to take advantage of the tide for entering and berthing etc. The distance from the ground to the main jetties is approximately 11 nautical miles. The organization came into existence in the year 1988. The organization is here to provide logistics support, Port Clearing, Shipping and Transportation services to the clients. The organizations ability to meet the challenges of todays Business and Market Environment begins with an in-depth understanding of clients needs. This is the hallmark of this organization.

Ocean Transport and Economic Development: Prior to the advent of containerization, the ship was the principal company of transportation of goods between the place of production and place of consumption. There exit a verity of ship types as discussed here. Ocean Transport consists of conventional cargo ship, like-tramp, cargo liner, passenger cargo liner: Unitize cargo ship, like-pallet vessels, barge carrier, RO RO, Container vessels: Specialized vessels, like-tanker , bulk.

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For the purpose of this article, the following ships are of interest: Tramps- Cargo tramps are those ships, which are desined to carry no specific type of cargo and move anywhere in the world. They are often run on charter to carry bulk cargo or general cargo. Cargo Liner- are vessels designed to carry a varity of cargo between specific ports on fixed schedules. They usually carry general cargo (an accumulation of small loads from different sources). Many of these ships have refrigerated compartments capable of carrying perishable cargo, such as meat, fruit and fish. Passenger Cargo Liners-These are similar to cargo liners except that accommodation (including lounges recreational facilities) usually of a high standard is provided for passengers. Pallet Ship-This types of vessel is equipped with large twin hatches and cranes to allow pallets to be loaded or discharged through the side ports and by crane. Forklift Trucks in the upper twin-decks move the pallets. Barge Carriers-There are two types of barge carriers-LASH and SEABEE. In the LASH system the ship itself has broad U-shaped stern and the massive 500 tone gantry crane which can drive along rails fitted on the upper deck. SEABEE ship has three continuous cargo decks. There are no hatch openings on the upper deck as a horizontal loading system is adopted. Roll-on Roll off (RO RO vessels)-This type of vessels has 3 basic elements : The ship is fitted with a number of decks Ramps are installed to facilitate vehicular movements between the decks: and often stern ramps are fitted for loading and unloading. These types of vessels were developed initially for short sea transportation of containers but have since gained the reputation of being an economic system for ocean transport. They require little special port facilities and offer the potential of a truly door to door service.

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Container Ships- The main object in the design of these vessels is to carry the maximum number of containers within the designed length and breadth of the vessel. Cellular container vessels are fitted with container guides that are capable of withstanding dynamic (accelerating) forces due to rolling, pitching and heaving. The larger container ship has a capacity of 3000 T.E.U.s (Twenty-foot Equivalent Unit) and is designed to operate in excess of 20 knots. Tankers- Tankers are used to carry bulk liquid cargo. The most common being oil. Tankers have the cargo carrying section divided into individual tanks and cargo is discharged by cargo pumps fitted in one or more pump rooms either at the ends of the tank section of sometimes in the middle. Their size range from the very small coastal tankers to about 700,000 tons. Speeds range from 12 to 16 knots: Bulk Carriers- Bulk carriers are single-deck vessels which are designed to transport single-commodity cargo such as grain, sugar and ore in bulk. Deadweight capacities range from small to 150,000 tons and speeds are in the range of 12-16 knots: and Oil / Bulk / Ore (OBO)- The oil/Bulk/Ore carriers have a cross section similar to the general bulk carrier. The structure is, however, significantly stronger because bulkheads must be oil-tight and the double bottom must withstand the high-density ore load. The special feature of this type of bulk carriers is that they are designed for flexibility of operation and are able to transport any one of several bulk cargoes on any one voyage. Business Objectives: Expanding Business Enterprises. Time Quality Management. Accumulating Wealth.

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These are the primary goals of many of the Clients the organization serves. Helping our clients to achieve these goals is the mission of all our employees and the focus of our strategic initiatives. The organization came into existence in the year 1988. The organization is here to provide logissupport, port clearance, Shipping and Transportation services to the clients. The organization ability to meet the challenges of todayss business and market environment begins with an indepth understanding of the clients needs with an indepth understanding of the clients needs. This in the hallmark of our organization. Chittagong Office: Aziz Chamber (3rd Floor) 6, Jubilee Road, Chittagong Dhaka Office : Rob Super Market (5th Floor) Gulshan-2, Dhaka,. E-mail: ibsa@southnetbd.net Sylhet Office: 4 No Shahajallal Uposhohor, Sylhet. Commencing as a C&F/Shipping House of repute, this organization promoted several other units, which are now contributing to the socio-economic development of Bangladesh. Along the way, IBSA has garnered many awards and accolades, in recognition of HSE Excellence with Zero Lost Time Incidents from CAIRN ENERGY SANGU FIELD LTD. and Internationally reputed MultiNational Conglomerate. IBSA undertakes the job of Clearing, Forwarding, Shipping, Transport cum handling Contractor (Especially for project works) Loading & Unloading of heavy and odd sized cargo, equipment and machineries. IBSA owns a good number of heavy duty vehicles like Trucks, Trailers, and Crane & Fork Lift etc.

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These equipment and machineries facilitates for transportation of cargo heavy load most conveniently through efficient maneuver of the skilled personnel . Taking the global context within the preview of open market economy this sector must be developed for successful existence of Ocean Transport and Logistics support. Now the industry now has to compete in a global market where quality at every stage will matter significantly in Sector. To maintain sustainability for a longer period of time, the entrepreneurs in this sector should attempt to obtain ISO certification. A precondition has already been set by WTO that ISO certification is a pre requisite for any enterprise that are willing to compete in the global market. So the manufacturers of RMG should prepare themselves for this consequence. PART II: FINDINGS HISTORICAL BACKGROUND OF THE COMPANY: I.B.S Associates I. B. S. ASSOCIATES is an ISO 9001:2000 certified and HSE Awards winning Shipping Agent of integrated maritime logistics support Contractors including Customs Clearing, Forwarding services and Mega Heavy Duty Equipment suppliers of reputable standing, which has a long and relishing heritage. With a vision to stand out as a unique business entity in Bangladesh, IBSA was founded in Chittagong , Bangladesh in the year 1988. IBSA today is a unique, prominent and resilient company with a pool of 101 experienced, dynamic professionals and motivated staff; each of who pays personalized attention to all the requirements of our valued clients. Providing specialized services in all procedures covering; Shipping, Clearing, Forwarding, Logistics & Equipment Supplies up to the minutest details. Commencing humbly in the year 1988, today our business has transformed into an ISO 9001:2000 established organization of repute in the fields of; Shipping, Clearing & Forwarding business. IBSA promoted several other units, which are now robustly contributing to the socio-economic development of Bangladesh.

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IBSA undertakes various Imports & Exports, Clearing, Forwarding,

Transportations, handling Contracts & Shipping Agency (Covering Project works both in Off-shore & On-shore). Also Loading, Unloading & carrying of heavy Trailer & odd sized & Cargos, Equipments Cranes & & Machineries. Forklifts etc. IBSA After owns prior considerable number of HSE compatible heavy duty Logistics like Tractor Lowboys High-beds, Recommendations are received by us from the Multi-National Oil & Gas Conglomerates we produce our Logistics for physical verification by the MultiNational Surveyors such as Bureau Verities etc., who issues valid Certificates, from time to time. These duly Certified Logistics, facilitates optimum movement of heavy Loads & odd sized Cargos conveniently, through our own efficient & skilled personnel. Major Clients:
SL Clients .
1.

Projects

Services Rendered

Cairn Energy Sangu Field Ltd. IDB Bhaban (9th Floor),

Oil & Gas Explorations in Sea Freight Clearing acreage Block 16, Forwarding & Offshore, Bangladesh Shipping under PSC. Oil & Gas Explorations in Clearing, Forwarding acreage Blocks 12,13 & & Transportation 14 Bangladesh. Services

2.

CHEVRON INTERNATIONAL EXPLORATION & PRODUCTION

3.

UNOCAL BANGLADESH [ BLOCK 12, 13 & 14 PRODUCTION SERVICES NETWORK Sangu Operations [former KELLOGG BROWN & ROOT BANGLADESH LTD.] (Sangu Operations) Chittagong . TOTAL E & P BANGLADESH Dhaka

Supply of Fire Water

4.

5.

SCHLUMBERGER SEACO INC. Republic of Panama

Exploration for Oil & Gas Shipping Services Blocks 17 & 18 at St. Martin, Teknaf & Cox's Serving as owner's Bazzar. agent 3D Seismic Survey at Shipping Services Teknaf, St. Martin & Cox's Bazzar, Blocks 17 & 18 Serving as owner's agent

6.

WESTERN GECO Malaysia .

3D Seismic Survey at Shipping Services Teknaf, St. Martin & Cox's Bazzar, Blocks 17 & 18 Serving as owner's agent

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7.

FUGRO SURVEY PTE. LTD. Singapore

8.

FUGRO SINGAPORE PTE LTD. Singapore

9.

NOMIS SHIPPING INTERNATIONAL PTE LTD. Singapore

Seismic Survey in acreage Block 16 Bangladesh (Hatiya, Magnama, Sangu Alpha, Kutubdia) Seismic Survey in acreage Block 16 Bangladesh (Hatiya, Magnama, Sangu Alpha, Kutubdia) 2nd Drilling Campaign under Cairn Energy at Block 16 (Hatiya & Magnama)
Still Jack-up Drilling RIG at Hatiya & Magnama 2007 2008

Shipping Services Serving as owner's agent Shipping Services Serving as owner's agent Shipping Services Serving as owner's agent
Shipping Services Serving as owner's agent

10.

PREMIUM DRILLING (CAYMAN) LTD. Singapore

11.

PACIFIC RICHFIELD MARINE PTE. LTD.

12.

1st & 2nd Drilling Campaign Shipping Services under Cairn Energy at Block 16 (Kutubdia, Sangu Alpha, Singapore Serving as owner's agent Hatiya & Magnama) -2006, 2007 & 2008 and 3D Seismic Survey under TOTAL E&P at Teknaf, St. Martin & Cox's Bazzar Blocks 17 & 18. SWIRE PACIFIC OFFSHORE OPERATIONS PTE Supply/Support Vessel under Shipping Services LTD. Cairn Energy at Block 16 (Sangu Alpha Platform) Serving as owner's agent 2005,2006,2007, 2008 Singapore AL MUBARAK OVERSEAS LLC Dubai , U.A.E. Supply/Support Vessel for 1st Shipping Services & 2nd Drilling Campaign under Cairn Energy at Block 16 Serving as owner's agent (Kutubdia, Sangu Alpha, Hatiya & Magnama) 2006, 2007, 2008 Mobile Offshore Drilling Unit at Shipping Services Kutubdia -Sangu Alpha 2007 Serving as owner's agent Warebarge for 1st Drilling Campaign for Oil & Gas Exploration at Sangu AlphaKutubdia, Block 16, under Carin Energy Support Vessel for Cairn Energy at Block 16 at Sagnu Alph 2005-2006 Shipping Services Serving as owner's agent Shipping Services Serving as owner's agent

13.

14.

SEADRILL MANAGEMENT(S) PVT. LTD. Singapore

15.

MOMENTUM ENGINEERING, UAE Dubai , U.A.E.

16.

TIDE WATER MARINE INTERNATIONAL PTE LTD. Singapore

17.

HALLIBURTON INTERNATIONAL INC. Dhaka-1212.

Sangu Operations

Clearing, Forwarding and Transportation

Cairn Energy Sangu Field Limited (Sangu Operations) : Our long term Association with Cairn Energy Sangu Field Limited dates back to 1995, till to-

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day covering Shipping, Clearing & Forwarding of their entire Oil & Gas Well Imports & Exports equipments. In Shipping, this covers their Off-shore vessels Operations, like Oil Rig Deep-Driller 5 & Sea-Drill 06, Ware-barge Gulfdrill-9 & various Support Vessels, Tug Boats, Survey & Coring Vessels in Block-16 till completion of their 1st & 2nd Drilling Campaigns. Along the way, IBSA has garnered many Awards in recognition of HSE Excellence for Zero Lost Time incidents from Cairn Energy Sangu Field Ltd., on annual basis. Production Services Networks (Formerly Kellog Brown & Root BD Ltd.,) Their entire Shipping, Clearing & Forwarding, Transportation & supply of Fire Water, we have been conducting ever since the year 1998 which is a continuous process, till today. Chevron BD Limited (Block 12, 13 & 14): As regards our relations with Chevron BD Limited is concerned, this dates back to the year 2001 covering Clearing, Forwarding, Logistics & supplies of Mega Equipments such as, Cranes, Forklifts, Lowboys & High-Bed Trailer Tractors. Providing entire Logistic requirements during Imports & Re-Exports of equipments for Gas Exploration & Developments of their, Gas Wells. Chevrons Gas Well locations are in Blocks 12, 13 & 14 at Sylhet Jalalabad, Moulvi Bazaar, BiBiyana and Sunamgunj South Pad & North Pad. Fugro : IBSAs long standing relations with Fugro Survey Limited & Fugro Singapore Pte. Ltd., has always been mutually beneficial & cordial. Fugro commenced the Seismic Survey of Block 16 stretching from the Sangu Alpha Point, Magnama up to Hatiya, which is a continuous process. Accordingly, their entire Shipping affairs including Crew handlings were conducted by us, till today. Tullow Bangladesh Limited: In the year 2001-2 period their, entire Imports of Oil & Gas Drilling Equipments, Clearing, Forwarding & Transportations we handled. Providing them Heavy Duty Logistics like Cranes, Forklifts, and Lowbed & High-Bed Trailer Tractors. We also provided both covered Warehouse and open yard space within the Chittagong Dry Dock Ltd., Chittagong.

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IBSA's MANAGEMENT TEAM:

Organizations pride ourselves in having some of the best human resources in the business. A critical element of customer service is ensuring that employees have access to improved technology and a high level of training. The employees have the ability to stay abreast of market developments and serve as knowledgeable counselors to clients.

Mr. A.T.M. RAFIQ AHMED,

Managing Partner, and

Director-Bangladesh Shipping Agents Association. Life Member of Bhatiary Golf & Country Club. Member of Standing Sub Committee of Port & Shipping under Chittagong Chamber of Commerce and industry. Member of Ctg. Club Limited. Region Chairman, Lions Club of International, District 315 B4. Mr. A.T.M. Rafiq Ahmed: Passing M.Com from the University of Chittagong commenced business in the year 1988 under the name and style of I.B.S. Associates. Since commencement, he has been devoting his total energy in building the Company and it is through his tireless efforts the Company today is a robust and thriving entity as an HSE Compatible & ISO 9001:2000 Organization with exposures in the fields of; C&F, Shipping, Logistics and Equipment Supplies. IBSA with several other sister concerns are now making positive contribution towards the

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development of human resources and economic growth. He has earned personal appreciation due to his cordial behavior, extending sincere co-operation and valuable guidance to his friends & associates under the most trying circumstances. He is not only engaged with the business community but is also associated with various charitable & Philanthropic organizations. Hence, Mr. A.T.M. Rafiq Ahmed is not only popular in the business circles but also with various Educational and Social Bodies because of his active role in the socio-religious activities. In brief, his name is synonymous with Sterling success stories, always extending positive directions to all and sundry. Director-Bangladesh Shipping Agents Association. Life Member of Bhatiary Golf & Country Club. Member of Standing Sub Committee of Port & Shipping under Chittagong Chamber of Commerce and industry. Member of Ctg. Club Limited. Region Chairman, Lions Club of International, District 315 B4. Mr. SK. MUJIBUR RAHMAN,
Partner.

Life Member of Muslim Education Society, Life Member of Red Crescent Society, Life Member of Kadam Mubarak Muslim Yatimkhana. Member-M.E.S Executive Committee, Member-Chittagong Chamber and commerce and industry.

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Regional Adviser of Lions Club of International, District 315 B-4. Mr.Sk. Mujibur Rahman: After successful completion of M.Com from the University of Chittagong joined I. B. S. Associates since inception, in the year 1988. Since then, his single minded devotion towards building the company and through his tireless efforts the Company today is an established well reputed entity in the fields of Shipping, Clearing, Forwarding, Trade & Commerce. Mr. Mujib, a thorough gentleman of Sterling character always willing to take up any mega assignments as a challenge, with utmost optimism. Besides business he is also actively engaged in Social and Religious affairs and life time membership of numerous charitable organizations and religious institutions. In a nutshell, Mr. Sk. Mujibur Rahman today itself bespeaks of success & accomplishments extending helping hands to any friend in need or business associates and the society at large. Mr.MahfuzulAHFUZUL HOQUE SHAH, Adviser. Mr. Mahfuzul Hoque Shah, one of the incumbent Directors of CCC&I, is associated with I.B.S.A. as an Adviser covering the; Port of Chittagong , Customs & Liaison with the various Government Ministries. Mr. Shah, a thorough gentleman having achieved higher Degrees in Business Administration, is a renowned & established person in the Business & Industrial Sector. Apart from business he is also dynamically engaged in Socio -Religious affairs and life time membership of several organizations and institutions. In other words, Mr. Shah's core contributions towards; business, BGMEA

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and the society at large is gaining strength from day to day and his achievements & aims towards these goals for which, only sky is the limit. Sister Concern: I.B.S. ASSOCIATES (Shipping Division): This unit undertakes the responsibility of providing vessels for its exclusive clients who wants to assign the entire project work on package deal basis. Such services facilitate the clients to maintain more emphasized monitoring while keeping harmony among different critical handling steps of project cargo. It is proper co-ordination of work that makes job much easier. While we handle the vessel as well as discharging to till delivery at destination, we understand better how to combine works together for safest handling along with on-time delivery. Our liaison with world known & reliable shipping companies enables us offering highly attractive freight to and from any destinations in the globe. Once we sign a contract, we consider it our job to receive cargo at Load Port, providing suitable vessel for shipment delivery and at simultaneously desired making location all arrangements of client. at destination for handling including local transportation and till

I.B.S. ASSOCIATES (C&F Division): This concern is an additional wing of the Clearing & Forwarding section of IBSA, which is also immensely experienced in the field of Clearing & Forwarding & it

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has a dedicated and enthusiastic group of staff who are well conversant with customs norms and regulations. This unit indeed shares the work load from IBSA and coexists with the same vision. While quality of service is concerned, SM&CO believes in customized format with no compromise for quality. This company possesses up to date valid license to perform Clearing & Forwarding activities of any volume in the largest Port of Bangladesh; namely Chittagong Port. RAJIB ENTERPRISE (C&F): This concern is an additional wing of the Clearing & Forwarding section of IBSA, which is also immensely experienced in the field of Clearing & Forwarding & it has a dedicated and enthusiastic group of staff who are well conversant with customs norms and regulations. This unit indeed shares the work load from IBSA and coexists with the same vision. While quality of service is concerned, SM&CO believes in customized format with no compromise for quality. This company possesses up to date valid license to perform Clearing & Forwarding activities of any volume in the largest Port of Bangladesh; namely Chittagong Port. EXAMINED FUNCTIONAL AREA (WORK AREA/Operation, Shipping) While your company avails our services, we are ever ready to assist you in all Sea & Airports of Bangladesh with our thorough professionalism. Our area of service covers: Integrated Maritime Logistics Sea & Air Freight Customs Clearing & Forwarding

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Multiple Shipping Agency Services Chattered Aircraft In-out Service at Shahamanat Intl Air Port, Ctg. Inland Transportation by Trailers, Prime Movers, Trucks etc. Handling of any odd sized / dimensioned cargo of any weight Berthing & Warehousing facilities at Secured and Convenient Locations Provisions & Fuel and Bunker Supply Technical, Non-Technical, Riggers, Mega Transformers & Generators Supply Engine Boats & Tug Boats Supply Portable Water & Fire Water Supply Crew Meaning Air Ticket Hotel Reservation Limousine Services Crew Salary For any additional Service requirements, communications to relay to our office for expert assistance at www.ibsabd.com , We Provide: Clearing and Forwarding Overseas logistics, Implementation, Clearing and forwarding goods from Chittagong Port in a timely and efficient manner, Arrange, overseas and implement transportation service from point of entry to specified location within Bangladesh and from specified locations to seaport and airport in a timely and efficient manner.

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Shipping services: We arrange any vessels berthing at Chittagong Port within short notice efficiently. Undertake the initiative of appropriate security measure to ensure the safe passage of all goods. Epitome of efficiency: We constantly provide our clients with all relevant information regarding Customs procedures and import Export procedures in Bangladesh. The organization also provides cargo Handling Equipments such as Trailers, prime Movers, Trucks, Craines and Forklifts on a rental basis. As we have an efficient and efficient track record which helps us in attaining Customs Clearance in Bangladesh for our clients. These service are not limited to Clearing and Forwarding, Shipping and Transportation .

Extensive Services/ Logistic Support: a) Joint Undertaking, Import & Export Permit: We collect import documents/Import cum export documents i.e. B/L, Invoice, Packing list and Application for Joint Undertaking from our Principal. Then we take permission from PetroBangla and Joint Undertaking from minestry of energy. We take import and export permit from CCI&E. For export we take necessary NO Objection Certificate from Bangladesh Bank. b) For VHF/Radio/Wireless : We take permission for using VHF/Radio/Wireless Set from Civil Aviation and related departments. c) For Explosive :

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We take permission from Bangladesh Explosive Department, Dhaka and Bangladesh Navy for using Explosives at onshore. d) For Provision : At present we are supplying food provision to Security vessel at Sangu Alfa, our Liner vessel at chittagong port and HRC liner vessel at Chittagong port. e) Bunker : We are supplying bunker to Security vessel of sangu and liner vessel at Chittagong port. f) Portable Water: We regularly supply portable water to sangu vessel and Liner vessel at Chittagong Port and Outer-anchorage. g) Fire Water Supply: We regularly Fire water to Kellong Brown & Root Bd. Ltd. (Sangu operation) h) i) Manpower Supply: We provide Technical Person / Non Technical Person / Rigger to our Principal as per their requirements. Boat Supply: We provide Engine Boat /Tug Boat to our valued clients as per their requirements. j) Air Ticket : We arrange Air Ticket both Domestic and international to our valued clients according to their instructions. We provide a cost effective solution to our principal providing value for Money by developing an efficient management of logistic services on Offshore and onshore, the Chemistry of which is derived from careful planning and Ever attentive approach.

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We have developed a good reputation with the Trade Unions throughout the country. The organization has also sprouted a commendable network with NRB, CCI&E, Port and customs Authority to facilitate the fulfillment of clients needs. We ensure 24 hours coverage for all services provided, including the provision of Floodlights and Generators. All sites and vehicles are liked with headquarters by Radio Telecommunication. Adding Value to Clients: IBS provides the option of setting accounts in Bangladesh or in the clients Country of Operation with facilities considerable saving for clients. IBS Possesses ample experience in dealing Extensive Service / Logistics Support: EXAMINED FUNCTIONAL AREA (WORK AREA/Operation, Clearing & Forwarding) EXAMINED FUNCTIONAL AREA (Logistics)

Extensive Service / Logistics Support: Joint Undertaking