The discussions and recommendations contained in this report represent our professional opinions. These opinions are based on currently available information and are arrived at in accordance with currently accepted Phase 1 Environmental Site Assessment practices at this time and location. Other than this, no warranty is implied or intended.

Any use of these recommendations constitutes acceptance of the limits of SEACOR's liability.

SEACOR's liability extends only to Stewart McKelvey Stirling Scales and its client, Sydney Steel Corporation, and not to any other parties who may obtain this report.