Excelerate Technical Management signs the Neptune Declaration

Excelerate Energy L.P. (Excelerate) joins forces with global companies and organizations to sign the Neptune Declaration on Seafarer Wellbeing and Crew Change, under Excelerate Technical Management (ETM), a wholly-owned subsidiary that is responsible for the management and welfare of seafarers and crews on Excelerate's fleet of floating storage and regasification units (FSRUs).

Dedicated to overcoming the seafarer crisis to enable crew changes and repatriation, more than 500 entities spanning the maritime value chain have signed the Neptune Declaration. The declaration defines four main actions to facilitate crew changes and keep global supply chains functioning. They include:
"The declaration marks a significant moment in the industry where we commit to being a part of the collective group working to hold ourselves to the highest standards. We take great pride in joining this effort," said Cal Bancroft, Executive Vice President and Chief Operating Officer of Excelerate Energy. "We have and will continue to be steadfast in our commitment to stewardship, accountability, improvement, and leadership as it pertains to all parts of our business."

• Recognizing seafarers as key workers and give them priority access to Covid-19 vaccines;
• Establishing and implementing gold-standard health protocols based on existing best practices;
• Increasing collaboration between ship operators and charterers to facilitate crew changes; and
• Ensuring air connectivity between key maritime hubs for seafarers.

Excelerate began transitioning its fleet under ETM after outsourcing, beginning with FSRU Experience in February 2020 after The Republic of the Marshall Islands and the Government of Belgium awarded Interim Documents of Compliance (DoC) under the International Safety Management (ISM) Code. Excelerate completed the transition of the tenth and final FSRU Excellence on October 28, 2020.