Corporate and Ethical Code
Paralos Shipping’s corporate values and ethical code guide its behaviours and actions when interacting with customers, clients, third parties, service providers together as well as determining the way in which its internal relationships are conducted.
All employees and customers, clients, third parties, service providers together are required to act with integrity and honestly at all times, to meet the standards of business conduct which Paralos Shipping has communicated it expects them to abide by and to uphold.
Adhering to its ethical code is non-negotiable for Paralos Shipping, and failure to uphold the standards demanded by the company may result in disciplinary action for its Representatives, including dismissal for gross misconduct.
Paralos Shipping’s employees will not be criticised for any loss of business resulting from following Paralos Shipping’s policies and upholding the standards or for reporting any concerns. The company encourages everyone to report genuinely held concerns about any decisions or behaviours which are thought to contravene Paralos Shipping’s ethical code.
Paralos Shipping requires its staff to inform customers, clients, third parties, service and providers of Paralos Shipping ‘s anti-corruption, anti-bribery and sanctions policy and, whenever applicable, be required to commit to the same practices and standards as Paralos Shipping and/or the counterparty’s own equivalent procedures (as per existing contractual requirements).
Paralos Shipping expects that its team, and those it deals with, will conduct all personal and business dealings in accordance with all laws and regulations applicable to the markets in which Paralos Shipping operates; further, such compliance should be with both the spirit and the letter of all laws and regulations in order to maintain the highest standards of business integrity.
- Paralos Shipping will compete for business in a fair manner and in full compliance with applicable laws and regulations.
- Paralos Shipping will not tolerate financial crime; bribery or corruption, fraud, facilitation of tax evasion, market abuse, money laundering, terrorist financing or breaching of any Sanctions.
- Paralos Shipping will aim to avoid any conflicts of interest and effectively manage those conflicts that cannot be removed.
- Paralos Shipping maintains standards and competency in its chosen roles by undertaking relevant mandatory training for its directors and employees.
- Paralos Shipping requires that all of its Representatives treat Third Parties with respect and in a considerate and professional manner.
- Paralos Shipping ensures that its business, trading and professional partners’ information is held safely and securely and will only request such information as is necessary for the delivery of the services required on a transaction or matter.
Social responsibility:
- Paralos Shipping supports all internationally human rights understood, at a minimum, as those enshrined in the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, the International Covenant on Economic, Social and Cultural Rights as well as the core international human rights treaties and the ILO Declaration on Fundamental Principles and Rights of Work.
- Paralos Shipping will take steps to minimise its impact on the environment.
- Paralos Shipping supports the communities it operates in through encouraging its staff to be active participants in charitable and community programmes.
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