Chartering department, +77292 535 831, +77292 535 873.

Risk management

«NMSC «Kazmortransflot» LLP, hereinafter referred to as KMTF, providing transportation services, whose activities are directly connected with the sea and all its accompanying risks are well aware of the importance of Risk management. Those risks that can be realized without the measures of their control, may adversely affect the objectives of not only KMTF’s but also the objectives of our customers and partners, as well as lower the quality of services provided by KMTF.

Implementation of a corporate risk management system is considered a good corporate governance practice and is widely used in international business.

A Risk management system is a strategic process of preventive assessment of corporate risks which may affect the organization’s ability to maximize the value of KMTF, and to develop methods for their management and control under the guidance and supervision of senior management of KMTF. In order to achieve the strategic and operational objectives set by KMTF, IC&RMS together with interested structural divisions carries out timely risk identification, risk assessment, develops and implements mitigation and contingency tasks and carries out risk monitoring.

Implementation and maintenance of the corporate system of internal control and risk management will help «NMSC «Kazmortransflot» LLP minimize losses, comply with relevant legal, regulatory and international requirements and norms, effectively allocate and use resources for risk treatment in order to achieve the strategic and operational objectives.

«Whistleblowing» system

Kazmortransflot NMSC LLP informs about introduction of «whistleblowing» system as recommended by the Internal Audit Service of KazMunayGas NC JSC.

«Whistleblowing» system allows anonymous reporting of alleged, imminent or occurring violations and threats relating to corruption, accounting, financial and legal issues, business ethics, physical or mental health of employees and other issues affecting the vital interests of KMTF.

For this reason a «Whistleblowing» Box assigned for collecting messages from the KMTF Group Companies employees, counterparties, partners, suppliers, contractors and other persons.

«Whistleblowing» Message Box arranged on the 1st floor of the Company’s head office and is available at any time. No one can control the process of leaving a message in the Box.

Collection of information from the «Whistleblowing» Box is performed once a week.

Any messages concerning the interests of KMTF will be submitted to the management of the Company.

We thank all parties concerned for the assistance!