SHIPBUILDING CONTRACT FOR THE CONSTRUCTION AND SALE OF ONE (1) WIND TURBINE INSTALLATION VESSEL (HULL NO. N1149) BY AND BETWEEN CADELER A/S AS BUYER AND COSCO SHIPPING SHIPYARD (NANTONG) CO., LTD AS BUILDER DATED 22 MAY 2024

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Exhibit 4.3

CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) THE TYPE OF INFORMATION THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. REDACTED INFORMATION HAS BEEN MARKED AS “[REDACTED]”.

SHIPBUILDING CONTRACT

FOR

THE CONSTRUCTION AND SALE

OF

ONE (1)

WIND TURBINE INSTALLATION VESSEL

(HULL NO. N1149)

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BY AND BETWEEN

CADELER A/S

AS BUYER

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AND

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COSCO SHIPPING SHIPYARD (NANTONG) CO., LTD

AS BUILDER

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DATED 22 MAY 2024

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[Based on amended BIMCO Newbuildcon]

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Contents

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This Contract consists of Part I including additional clauses, if any agreed and stated in Box 34, and Part II as well as any Annexes agreed and attached hereto and shall be performed subject to the conditions contained herein. In the event of a conflict of conditions the provisions of Part I shall prevail over those of Part II to the extent of such conflict, but no further.

The Specification, Maker’s List, Plans, and/or Drawings hereafter approved by the Buyer shall form part of this Contract, but in the event of conflict between the provisions of this Contract and the Specification, Maker’s List, Plans and/or drawings, the provisions of this Contract shall prevail. In the event of inconsistency between the Specification, and Maker’s List, on the one hand and the Plans and/or Drawings on the other, the Specifications/Maker’s List shall prevail. In the case of inconsistency between any of the Plans and/or Drawings, the later in date shall prevail.

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PART II

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DEFINITIONS

In this Contract:

“Banking Day” means a day on which banks are open in the places stated in Box 2 and Box 3 and, where a remittance is in US dollars, in New York.

“Builder” means the company or companies stated in Box 2, organized and existing under the laws of the country or countries stated in Box 2 having their principal office at the address stated in Box 2 and including their personnel. If more than one company is stated in Box 2 then they shall be jointly and severally liable.

“Buyer” means the company or companies stated in Box 3, organized and existing under the laws of the country or countries stated in Box 3 having their principal office at the address stated in Box 3 and including their personnel.

“Buyer’s Representative” means the named representative of the Buyer who may be present at the Shipyard throughout the construction of the Vessel.

“Buyer’s Supplies” means all of the items to be provided by the Buyer in accordance with the Specification at its own risk, cost and expense.

“Charterer” means any party with whom the Buyer has entered into a charterparty for the chartering of the Vessel after delivery.

“▇▇▇▇▇▇▇▇▇’s Representative” means the named representative of the Charterer who may be present at the Shipyard throughout the construction of the Vessel as an observer.

“Classification Society” means the classification society stated in Box 8.

“Contract Price” means the amount stated in Box 9 as may be adjusted in accordance with the terms of this Contract.

“Contract” means this Contract consisting of Part I including additional clauses, if any agreed, and Part II as well as any Annexes (including the Specification and Maker’s List) and Plans and Drawings attached hereto.

“Contractual Date of Delivery” means the contractual date of delivery stated in Box 10.

“Defects” means any deficiencies or defects in the design, construction, material and/or workmanship on the part of the Builder or its sub-contractors.

“Delivery Date” means the Contractual Date of Delivery as may be adjusted in accordance with the terms of this Contract.

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“Elevated Variable Load Capacity” means the Vessel’s capacity to load cargo, equipment, ballast and consumables in elevated condition necessary to support the operations and which do not form part of the fixed lightweight of the Vessel.

“Final Instalment” means the last instalment amounting as stated in Box 11 and plus any increase or minus any decrease due to adjustments of the Contract Price under and pursuant to the provisions of this Contract, and being due and payable upon delivery of the Vessel in accordance with Clause 15 (Payments).

“Flag State” means the State of the flag which the Vessel will fly when registered, as stated in Box 7.

“Instalments” means the amounts payable in accordance with Box 11.

“In writing” means any method of legible communication.

“Maker’s List” means the list of suppliers for equipment, machinery and services approved by the Parties and stated in Annex C.

“Parties” means the Builder and the Buyer.

“Party” means the Builder or the Buyer, as the case may be.

“Permissible Delays” means delays to the construction and/or delivery of the Vessel and which entitle the Builder to extend the Delivery Date in accordance with Clause 34 (Permissible Delays).

“Personnel” means the employees, agents, servants, suppliers and independent contractors engaged by either Party in order to perform work or duties under this Contract for which that Party is responsible.

“Plans and Drawings” means the plans and drawings attached hereto or listed and/or described in the Specification.

“Refund Guarantees” means the guarantees to secure the Builder’s obligation to refund the Buyer’s pre-delivery Instalments as referred to in Clause 14(b) (Builder’s Refund Guarantees).

“Regulatory Authorities” means the regulatory authorities whose rules and regulations must be complied with in the construction and delivery of the Vessel. Such bodies shall include the Flag State together with the other bodies listed in the Specification.

“Shipyard” means the place or places stated in Box 5 where the Vessel will be assembled and/or constructed.

“SOFR” means for each calendar month the 30-day average secured overnight financing rate (SOFR) administered by the Federal Reserve Bank of New York (or any other person which takes over the administration of that rate) published by the Federal Reserve Bank of New York (or any other person which takes over the publication of that rate) and reported, on the

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date two (2) Business Days prior to the first Business Day of such month. If SOFR is less than zero, SOFR shall be deemed to be zero.

“Specification” means the technical details contained in Annex B.

“Sub-contractor” means any person (not being a servant or employee of the Builder) or company with whom the Builder has entered into a contract for the design, construction, manufacture or supply of any item, equipment, work or service for the Vessel.

“Vessel” means the vessel described in Box 4 (including its machinery, equipment and appurtenances described in the Specification) with hull number as per Box 6, which shall be built in accordance with this Contract.

INTERPRETATION

Singular/Plural

In this Contract the singular includes the plural and vice versa as the context admits or requires.

Headings

The index and headings to the clauses and Annexes to this Contract are for convenience only and will not affect its construction or interpretation.

Jointly and severally

All covenants, agreements, undertakings, indemnities, representations and warranties by more than one person are entered into, given or made by such persons jointly and severally.

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SECTION 1 – VESSEL

It is mutually agreed between the Builder and the Buyer that:

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in reasonable time before production start in order for the Buyer to be able to inspect construction)), and shall have the Builder’s Hull Number stated in Box 6.

Notwithstanding the Specification, the Plans and Drawings and the Maker’s List, the Parties agree as an overriding principle that the Vessel shall be identical to the Builder’s hull no. N1131 and that

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and the Specification, the Plans and Drawings and the Maker’s List shall be deemed to be adjusted accordingly. A list of the modification orders that the Parties have agreed shall apply to the Builder’s hull no. N1131 until and including 1 March 2024 is included with the Specification (see Addendum no. 03 to the Specification). The Contract Price has been based on and includes all price adjustments due to these modification orders as well as all other modifications, changes, adjustments, selections, and clarifications agreed for the Builder’s hull no. N1131 until and including 1 March 2024.

Any modifications, changes, adjustments, selections, and clarifications agreed after 1 March 2024 for the Builder’s hull no. N1131 shall also apply for the Vessel and the price increase or decrease attributable to them shall be handled in accordance with Clause 15(b)(i).

The Parties agree that the Article 3, 4, and 5 of the Amendment No.1 dated 21 November 2022 regarding modification order no. N1130-MR-0021 for the upgrade of the main crane on the Builder’s hull no. N1130 shall apply to this Contract in relation to the upgrade of the main crane.

The Parties agree that specifications for the Vessel stated in Box 4(A)(iv) (Elevated Lightweight excluding legs & spudcans) and Box 4(B1)(i) (Elevated Variable Load Capacity Minimum) shall be adjusted accordingly to the effect directly caused by the [REDACTED]. The Builder shall provide sufficient supporting documentation necessary to ascertain the effect on the specifications.

All such laws, rules, regulations and requirements of the Classification Society and the Regulatory Authorities shall be complied with without qualification (see Clause 26 (Changes in Rules and Regulations)).

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The Builder shall provide the Buyer with an Inventory of Hazardous Materials (“IHM”) and an IHM Certificate in accordance with Regulation (EU) No. 1257/2013 of the European Parliament and of the Council of 20 November 2013 on Ship Recycling and the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships.

The Vessel’s double-side skin spaces and dedicated seawater ballast tanks shall be coated in accordance with the Specification. In any event the minimum coating standard shall be in accordance with the requirements of the IMO Performance Standard for Protective Coatings for dedicated seawater ballast tanks in all types of ships or subsequent modifications or replacements applicable in accordance with Clause 3(a) (Classification, Rules and Regulations).

If so requested by the Buyer, the Builder shall identify the country of origin of all the main components listed in the Maker’s List and Specification.

SECTION 2 – FINANCIAL

The Contract Price shall be the amount stated in Box 9(a) as may be adjusted in accordance with the terms of this Contract, and shall not be subject to any increase save as otherwise specifically agreed in writing between the Parties.

The Contract Price and any other payments to be made to the Builder pursuant to this Contract shall be paid in the currencies stated in Box 9(b) and in accordance with the payment terms stated in Box 11 and Clause 15 (Payments).

The Parties agree that the reductions in the Contract Price described in Clauses 8 to 13 shall not be construed to be penalties and that they represent reasonable and genuine pre-estimates of the losses which the Buyer would incur in case of the deficiencies or delays to which such reductions relate.

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If the speed of the Vessel as stated in Box 4D(ii) is not achieved in the manner stated in the Specification or Clause 2(b)(i) the following shall apply:

If the fuel consumption of any of the Vessel’s six main engines on the test bed using the fuel specified in Box 4C(vii) exceeds the figure stated in Box 4C(iv) the following shall apply:

If the excess fuel consumption would entitle the Buyer to a reduction in the Contract Price greater than the maximum amount stated in Box 14(ii) (or more than [REDACTED] for one engine), the Buyer shall have the option to (i) accept the main engine(s) at a reduction in the Contract Price corresponding to the maximum amount stated in Box 14(ii), or (ii) reject the main engine(s) and require the Builder to rectify the deficiency and repeat the trial or replace the main engine(s) with one(s) that conforms to the requirements of the Contract, before the date on which sea trials are to be conducted. The time taken to rectify the deficiency and repeat the trial or replace the main engine(s) shall not be a Permissible Delay - the Buyer shall have the right to terminate the Contract for delay if/when the conditions in Clause 39(a)(iii) are fulfilled. The Buyer has the right to reject the main engine(s) as long as the excess fuel consumption would entitle the Buyer to a reduction in the Contract Price greater than the maximum amount stated in Box 14(ii) (or more than [REDACTED] for one engine).

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If the Elevated Variable Load Capacity of the Vessel determined in accordance with the Specification is less than the Elevated Variable Load Capacity stated in Box 4B1(i) the following shall apply:

If the jacking speed of the Vessel determined in accordance with the Specification is less than the jacking speed stated in Box 17(a)(i), the following shall apply:

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The crane operational performance criteria are defined in the Specifications. If the lifting capacity of the main crane of the Vessel determined in accordance with the Specification is less than the capacity stated in Box 17(b)(i), the Builder shall be obliged to rectify the deficiency to achieve the capacity stated in Box 17(b)(i) before the delivery of the Vessel. The time taken to rectify the deficiency and repeat/perform any necessary tests/trials shall not be a Permissible Delay - the Buyer shall have the right to terminate the Contract for delay if/when the conditions in Clause 39(a)(iii) are fulfilled. The Buyer may reject the Vessel as long as the lifting capacity is less than the capacity stated in Box 17(b)(i).

If delivery takes place more than 30 days after the Delivery Date then for each day thereafter (beginning at one minute past midnight local time at the Shipyard on the 31st day after the Delivery Date) the Contract Price shall be reduced by the amount stated in Box 18 per day as liquidated damages up to a maximum delay of 180 days (comprising a 30 day grace period plus 150 days).

If the delay exceeds 180 days the Buyer shall have the option to terminate this Contract in accordance with Clause 39(a)(iii) (Suspension and Termination).

To secure the Buyer’s obligation to pay the instalments of the Contract Price, the Buyer shall within 5 Banking Days after the effective date of this Contract (see Clause 44 (Effective date of Contract)), deliver to the Builder an irrevocable and unconditional guarantee issued by the bank or party stated in Box 31 substantially in the form and substance set out in Annex A(ii) (Instalment Guarantee), failing which the Builder shall have the option to terminate this Contract in accordance with Clause 39(b)(iv) (Suspension and Termination).

To secure the Builder’s obligation to refund the Buyer’s pre-delivery Instalments pursuant to this Contract the Builder shall, at the same time as submitting its invoice for each Instalment up to but not including the final Instalment in accordance with Clause 15(a) (Payments - Instalments), provide the Buyer with a Refund Guarantee equal to the value of that Instalment plus interest, issued by the bank named in Box 32 substantially in the form and substance set out in Annex A(i) (Refund Guarantee). The Refund Guarantee in respect of the 1^st Instalment shall be provided to the Buyer within 45 Banking Days after the effective date of this Contract (see Clause 44 (Effective date of Contract)), failing which the Buyer shall have the option to terminate this Contract in accordance with Clause 39(a)(ix) (Suspension and Termination), unless otherwise agreed by the Parties. The Buyer shall not be obliged to make any Instalment payment (including the 1st Instalment) until 5

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Banking Days after the Refund Guarantee in respect of and equal to the value of that Instalment payment plus interest has been electronically received and verified by the Buyer’s nominated bank.

The Builder shall ensure at its own cost that any guarantee issued on their behalf shall comply with the laws, regulations, constitution and procedures of the guarantor and its country of issue, including but not limited to, its registration with any necessary authorities.

The Builder shall ensure at its own cost that each Refund Guarantee shall remain in force until the Vessel has been delivered to, and accepted by, the Buyer. If the terms of a Refund Guarantee specify an expiry date, such expiry date shall be at least 30 days after the date when the Vessel is expected to be delivered to, and accepted by, the Buyer. If the Vessel has not been delivered to, and accepted by, the Buyer by the date that is 45 days prior to the expiry date, the Builder shall ensure at its own cost that the expiry date of the Refund Guarantee is extended so that the Refund Guarantee remains in force until the Vessel has been delivered to, and accepted by, the Buyer. The new expiry date shall be at least 30 days after the date when the Vessel is expected to be delivered to, and accepted by, the Buyer at the time of the extension. In case such extension of the Refund Guarantee is not provided as stipulated above, the Buyer is entitled to claim up to the full guaranteed amount under the Refund Guarantee and retain such funds as performance security to be repaid (save for any amount claimed under such security while retaining such funds) to the Builder if/when an extension of the Refund Guarantee has been provided by the Builder.

For the avoidance of doubt, there shall be no limit on how many times the Builder shall be obliged to ensure an extension of the Refund Guarantees in accordance with the above. If the Vessel has not been delivered to, and accepted by, the Buyer by the date 45 days prior to the expiry date in a Refund Guarantee (regardless of whether this is the original expiry date or a new (extended) expiry date, the Builder must ensure at its own cost that the Refund Guarantee is extended in accordance with the above.

The Contract Price shall be paid by the Buyer to the Builder by Instalments, when due and payable in accordance with Box 11 and this Clause, the pre-delivery Instalments being paid as advances and not deposits as follows:

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Any amounts for liquidated damages under Clause 8 (Speed Deficiency), Clause 9 (Excessive Fuel Consumption), Clause 10 (Elevated Variable Load Capacity Deficiency), Clause 12 (Other Deficiencies) and Clause 13 (Late Delivery for non-permissible delays) shall be calculated and determined before delivery and may be deducted from the Final Instalment.

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The Buyer shall not have the right to retain or set-off any amount against any payment due to the Builder under this Contract except in relation to the Final Instalment as specifically provided in this Contract (see Clause 15 (Payments) and Clause 30 (Final Instalment)).

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If either Party fails to pay any sum due in accordance with the terms of this Contract, the other Party shall have the right to charge interest from the due date at the rate stated in Box 30 on such outstanding sums (see also Clause 39 (Suspension and Termination)).

SECTION 3 – PRODUCTION

The Builder shall employ the sub-contractors as set out in the Specification or Maker’s List. Except for minor work that is not covered by the Maker’s List and has a value of less than USD 500,000, the Builder shall not employ other sub-contractors without the Buyer’s prior written approval, which shall not be unreasonably withheld.

Notwithstanding any sub-contracting, the Builder shall remain fully responsible for the due performance of such work as if undertaken by the Builder at the Shipyard.

The times and numbers specified in this Clause shall apply unless otherwise stated in the Specification.

In the event that the Buyer needs additional time to consider the Plans and Drawings submitted pursuant to this Clause, it shall request the same in writing of the Builder whose agreement shall not be unreasonably withheld. In the event that the Buyer’s comments, amendments or reservations are unclear, unspecified or illegible, the Builder may give notice requesting clarification. If the Buyer fails to

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respond to the request to provide clarification within five (5) running days of receipt of the Builder’s notice, the Builder shall determine whether and to what extent it can adopt the comments, amendments or reservations.

If requested by the Buyer in writing, the Plans and Drawings shall also be sent in an agreed electronic format.

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with the building and testing schedules in Clause 20(a) (Approvals) or as may reasonably be required by the Builder.

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The Builder shall have the right to make minor modifications and/or changes to the Specification and/or plans if so required by virtue of changes to the Builder’s local conditions or facilities, the availability of materials and equipment, the introduction of improved methods or for any other reason of a similar nature provided that the Builder shall first obtain the Buyer’s written approval, which shall not be unreasonably withheld or delayed.

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Such modifications and/or changes shall satisfy the requirements of the Classification Society and the Regulatory Authorities and shall not relieve the Builder from its obligation to otherwise deliver the Vessel in accordance with this Contract. Any savings obtained shall be credited to the Buyer and the Buyer shall not be obliged to pay any extra for, or suffer any delay in delivery or other adverse consequences of, such modifications and/or changes.

If, after the date of Contract, there are any changes in applicable laws, rules, regulations or requirements (or their application) of the Classification Society or Regulatory Authorities, the following shall apply:

The times and numbers specified in this Clause shall apply unless otherwise stated in the Specification.

The Buyer’s Representative, together with a suitable number of assistants, officers and crew, as well as the Charterer’s Representative together with a suitable number of assistants, shall have the right to be present at sea trials. The Builder shall give the Buyer at least fourteen (14) running days notice of the time and place and expected duration of sea trials and the Buyer shall promptly acknowledge receipt of such notice.

If neither the Buyer’s Representative nor any authorized assistants attend the sea trials for any reason after such notice to the Buyer, such absence shall be deemed to be a waiver by the Buyer of its right to be present. The Builder may then conduct the sea trials without the Buyer’s Representative being on board, provided that a representative of the Classification Society and Regulatory Authorities is present. In such circumstances, the results and conditions of the sea trials shall be as confirmed in writing by the Classification Society and/or Regulatory Authorities.

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The sea trials shall be conducted in weather conditions as described in this Contract and/or Specification. If the sea trials are interrupted or prevented by weather conditions in excess of the stated conditions, any resulting delay in delivery of the Vessel shall be deemed a Permissible Delay in accordance with Clause 34 (Permissible Delays). In such an event, the sea trials shall be discontinued or postponed until the first favourable day thereafter when weather conditions permit.

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Builder that the deficiencies have been corrected, the procedure set out in this Sub-clause (d) shall apply.

(1) undertakes to remedy the Delivery Defects for its own cost and expense as soon as possible; and

(2) accepts that if the Delivery Defects are not remedied as soon as possible, the Buyer may have such Delivery Defect remedied by someone else at the cost of the Builder; and

(3) provides the Buyer with a guarantee issued by the bank named in Box 32 (or if Box 32 is not filled in, a bank guarantee from a first-class bank acceptable to the Buyer) substantially in the form and substance set out in Annex A(iv) for a sum which the Buyer reasonably requests to cover (1) and (2) above, failing agreement such sum to be resolved in accordance with Clause 42 (Dispute Resolution);

whereupon the Buyer shall accept delivery of the Vessel.

For the purpose of Clause 27(d)(iv)(3) above, the Buyer confirms that unless their credit rating is reduced prior to the issuance of the bank guarantee (compared to their credit rating at the time of signing this Contract), the Buyer finds the following banks acceptable:

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SECTION 4 – DELIVERY

Subject to Clause 27(d) (Sea Trials – Method of Acceptance or Rejection) the Vessel shall be delivered to the Buyer in full and complete compliance with the Contract on the Delivery Date. Delivery shall be made at the Shipyard or (if agreed by the Buyer in writing) at a safe place in the immediate vicinity thereof in a clean and orderly condition, ready for service in accordance with the Contract (i.e. excluding matters outside the scope of Builder’s obligations), upon:

The Builder shall notify the Buyer of when delivery will take place and such notice shall state where and when the Vessel will be ready for delivery, which will be at least fifteen (15) running days after the notice is given.

Upon exchange of the Protocols of Delivery and Acceptance the Builder shall provide at no cost to the Buyer the following additional documents:

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that the Builder, at its cost and expense, provides the Buyer with final certificates as promptly as possible. The Builder warrants that:

If the Builder fails to perform (i) and/or (ii) above, the Builder shall compensate the Buyer for any loss incurred as a consequence thereof, including loss of time.

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The Buyer may require the Builder by giving reasonable notice, prior to delivery, to arrange for any documents listed above to be duly notarized and, if required, apostilled or legalized.

Title and risk of loss of or damage to the Vessel shall rest with the Builder until exchange of the Protocols of Delivery and Acceptance is effected, immediately upon which title and risk shall pass to the Buyer.

At the time of delivery the Vessel shall be free of all liens, claims, charges, mortgages and other encumbrances.

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The Buyer shall register the Vessel at its own cost and expense.

SECTION 5 – LEGAL

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(hereinafter called “Guarantee Defects”).

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Builder’s exclusion clauses

The Buyer’s remedy for delay in delivery of the Vessel, or for Defects discovered before or at the time of such delivery, are set out in Clauses 8 to 13 inclusive and Clause 27(d) (Sea Trials – Method of Acceptance or Rejection).

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Except to the extent expressly provided in Clause 35 (Builder’s Guarantee), the Builder shall have no liability in contract, tort (including negligence), breach of statutory duty or otherwise for:

The Builder shall not be responsible for any Defects in any part of the Vessel which may, subsequent to delivery of the Vessel, have been replaced or in any way repaired by any contractor, other than the Builder or its Sub-contractors, or for any such Defects which have been caused by omission or improper use or maintenance of the Vessel on the part of the Buyer or by ordinary wear and tear.

The guarantee contained in Clause 35 (Builder’s Guarantee) replaces and excludes any other liability, guarantee, warranty and/or condition and/or innominate term imposed or implied by the law, customary, statutory or otherwise, by reason of the construction and sale of the Vessel by the Builder for and to the Buyer.

Mutual exclusion clauses

In the event of termination in accordance with the provisions of Clause 39 (Suspension and Termination), neither Party shall have any liability to the other whatsoever or howsoever arising, except as expressly provided in that Clause.

In the event, however, that a Party fails to perform the Contract, or unequivocally indicates its intention not to perform it, in a way which thereby permits the other Party to treat the Contract as at an end other than under the terms of the Contract, any such claim that the other party may have shall not be limited or excluded by the terms of this Contract.

Responsibility Clauses

Each Party to this Contract shall accept responsibility and liability for the death and personal injury of its Personnel, unless the death or personal injury was inflicted by the other Party or its Sub-contractors with the intent to cause such death or injury, or recklessly and with knowledge that such death or injury would probably result.

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Each Party further agrees to indemnify and hold harmless the other Party, as regards both liability and legal costs, in the event of claims relating to or resulting from death or personal injury of its Personnel against the Party who is not responsible for them under this Sub-clause 37(vi).

Unless otherwise provided in this Contract and subject to Clause 21, each Party shall accept responsibility and liability for damage to or loss of its property and the property belonging to its Personnel except to the extent such damage or loss was caused by the other Party or its Sub-contractors with the intent to cause such damage or loss, or recklessly and with knowledge that such damage or loss would probably result.

Each Party further agrees to indemnify and hold harmless the other Party, as regards both liability and legal costs, in the event of claims relating to or resulting from damage to or loss of property against the Party who is not responsible for them under this Sub-clause 37(vii).

From the time of first steel cutting or equivalent (or delivery of the Buyer’s Supplies, whichever is earlier) until the Vessel is completed, delivered to and accepted by the Buyer, the Builder shall (in the joint names (as assureds) of the Builder and the Buyer) effect and maintain at no cost to the Buyer, Builder’s Risk Insurance for the Vessel and Buyer’s Supplies. Such Builder’s Risk Insurance shall:

If specifically requested by the Buyer, the Builder shall increase the amount insured under the policy to cover the rebuilding costs of the Vessel or such other amount as the Buyer may request. Any additional premium charged for this shall be paid by the Buyer.

The Builder shall provide the Buyer with copies of the insurance policy as placed, including details of the covered risks and exclusions.

The Buyer shall notify the Builder of the value of any subsequent changes in the value of the Buyer’s Supplies for insurance purposes. Upon receipt of notice of change in value the Builder shall amend the insured value for the Buyer’s Supplies accordingly.

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Once all payments have been made by the Builder to the Buyer in accordance with Sub-clause (b)(ii)(2) this Contract shall be deemed terminated and all future rights and obligations of each of the Parties to

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the other shall cease whereupon the guarantees provided under this Contract shall be returned.

The Buyer shall have the right to terminate this Contract forthwith upon giving notice in the event that:

(2) the delivery of the Vessel is delayed by more than 180 days in aggregate by virtue of events which do not fall within Clause 34(a)(i) or 34(a)(ii) (Permissible Delays); or

(3) the aggregate of delays to the delivery of the Vessel in (1) and (2) above is more than 240 days.

The Builder may at any time after the right to terminate has occurred give notice requesting that the Buyer either agrees to a new delivery date or terminates this Contract. Such new delivery date shall be a reasonable estimate by the Builder of the date when the Vessel will be ready for delivery. Within fifteen (15) days of the Builder’s request, the Buyer shall notify the Builder of its decision. If the Buyer does not terminate this Contract then the new delivery date shall be deemed to be the Delivery Date provided it does not occur later than thirty (30) days prior to the expiry of the Refund Guarantee (Clause 14(b) (Guarantees – Builder’s Refund Guarantee)). Notwithstanding Clause 34(a)(i) (Permissible Delays – Force majeure events) and this Clause 39(a)(iii)(1), (2) or (3) but subject to Clause 34(a)(ii) (Permissible Delays- Other events), if the Vessel is not delivered by

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that date, the Buyer shall have the right to terminate this Contract. The Builder’s right to request the Buyer to agree a new delivery date shall operate on each and every occasion the events stated in this Sub-Clause (a)(iii) give rise to the Buyer’s option to terminate

(viii) [Not used]

The Builder shall have the right to terminate this Contract forthwith upon giving notice to the Buyer in the event that:

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Without prejudice to Sub-clause (b) above the Builder shall have the right to suspend work under this Contract if the Buyer fails to pay any instalment stated in Box 11 in accordance with the terms of this Contract until payment of such outstanding sums.

A Party or the guarantor providing the Refund Guarantee shall be deemed insolvent if proceedings are commenced against the insolvent Party or the guarantor for winding up, dissolution or reorganisation (otherwise than for the purpose of amalgamation or reconstruction), liquidation, the appointment of a receiver, trustee or similar officer, bankruptcy, suspension of payments or similar events.

A Party shall have the right to terminate this Contract forthwith upon giving notice if the other Party or the guarantor is deemed insolvent.

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for a novation of the Buyer’s rights and obligations under this Contract to the Charterer in the situations described in (i) and (ii) above.

If this Contract is terminated by the Buyer, the Builder shall refund all sums paid by the Buyer to the Builder under Clause 7 (Contract Price) and Clause 15 (Payments) hereof plus interest thereon at the rate stated in Box 30 per annum from the date of payment to the date of refund. The Builder shall also return the Buyer’s Supplies, or if they cannot be returned, the Builder shall pay to the Buyer an amount equal to the Buyer’s cost for such Buyer’s Supplies.

If this Contract is terminated by the Builder, the Builder shall have the right to retain the Buyer’s Supplies together with any instalments paid by the Buyer and shall have the right and power either to complete or not to complete the Vessel as it deems fit but in any event shall sell the Vessel (either in its complete or incomplete form), including those Buyer’s Supplies which are installed or have been utilised on board the Vessel, at the best price reasonably obtainable at a public or private sale on reasonable terms and conditions.

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Where it is necessary during the performance of this Contract for the first Party to make Information available to the other Party, the other Party shall hold all such Information in confidence and not disclose it to any third parties or use it for any purpose other than as provided herein without the prior written consent of the first Party, which shall not be unreasonably withheld. However, the Buyer shall always be entitled to share relevant Information with the Charterer.

This Contract shall be subject to English law without reference to its conflict of law rules unless another law is stated in Box 23(a) in which case the law stated in Box 23(a) shall apply.

Any dispute concerning the Vessel’s compliance or non compliance with the rules, regulations and requirements of the Classification Society or other Regulatory Authorities shall be referred to the Classification Society or other Regulatory Authorities, as the case may be, the final decision of which shall be final and binding upon the Parties hereto. All other disputes shall be referred to expert determination or arbitration in accordance with Sub-clauses (b) through (c).

Unless Sub-clause (a) applies or Sub-clause (c) applies, in the event that a dispute arises under this Contract either Party may require by notice in writing to the other Party that such dispute be referred to an independent third party (an “Expert”) as the Parties jointly nominate in writing, subject to the following procedure:

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Unless Sub-clause (a) or (b) applies, any dispute arising out of or in connection with this Contract shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause.

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The arbitration shall be conducted in accordance with the London Maritime Arbitrators Association (LMAA) Terms current at the time when the arbitration proceedings are commenced.

The reference shall be to three arbitrators. A Party wishing to refer a dispute to arbitration shall appoint its arbitrator and send notice of such appointment in writing to the other Party requiring the other Party to appoint its own arbitrator within fourteen (14) calendar days of that notice and stating that it will appoint its arbitrator as sole arbitrator unless the other Party appoints its own arbitrator and gives notice that it has done so within the fourteen (14) days specified. If the other Party does not appoint its own arbitrator and give notice that it has done so within the fourteen (14) days specified, the Party referring a dispute to arbitration may, without the requirement of any further prior notice to the other Party, appoint its arbitrator as sole arbitrator and shall advise the other Party accordingly. The award of a sole arbitrator shall be binding on both Parties as if he had been appointed by agreement.

Nothing herein shall prevent the Parties agreeing in writing to vary these provisions to provide for the appointment of a sole arbitrator.

In cases where neither the claim nor any counterclaim exceeds the sum of US$100,000 (or such other sum as the Parties may agree) the arbitration shall be conducted in accordance with the LMAA Small Claims Procedure current at the time when the arbitration proceedings are commenced.

If Box 23(b) is not appropriately filled in, Sub-clause (c) of this Clause shall apply.

SECTION 6 – SUNDRY

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And in each case proof of posting, transmission or handing in shall be proof that notice has been given.

The Builder shall, subject to the Buyer’s prior written consent which shall not be unreasonably withheld, have the right to assign the benefits of this Contract to the Builder’s financiers for the purpose of securing the Builder’s financing.

This Contract constitutes the entire agreement between the Parties and no promise, undertaking, representation, warranty or statement by either Party prior to the date of

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this Contract stated in Box 1 shall affect this Contract. Any modification of this Contract shall not be of any effect unless in writing signed by or on behalf of the Parties.

Unless expressly identified in this Contract, no third parties shall have the right to enforce any term of this Contract.

For the purposes of this clause, “BUYER” shall include its affiliates and related companies.

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in the same format used by Builder to report such statistics in accordance with its own existing reporting requirements.

Unless the Buyer at its sole discretion decides to waive compliance with the sanctions, prohibitions or restrictions, the Builder shall shift to other materials, equipment, suppliers or sub-contractors and incorporate such modifications and/or changes into the construction of the Vessel to the extent this is necessary to comply with the sanctions, prohibitions or restrictions. The Parties shall endeavour to agree on such adjustments to the Contract Price, Delivery Date or other Contract terms as are a direct consequence of the sanctions, prohibitions or restrictions. If the Parties fail to agree on the adjustments, the Builder shall - unless the Buyer at its sole discretion decides to waive compliance with the sanctions, prohibitions or restrictions - proceed with the necessary shifts, modifications and/or changes and the matter shall be decided in accordance with Clause 42 (Dispute Resolution).

If the sanctions, prohibitions or restrictions were introduced before the date of Contract, the Builder shall not be entitled to any adjustments to the Contract Price or the Delivery Date.

The Builder shall immediately notify the Buyer of any and all violations of this clause on becoming aware of any violation of this clause.

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ANNEX “A” – (GUARANTEES)

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ANNEX A(i)

REFUND GUARANTEE

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To: Cadeler A/S, Fairway House, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇, ▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇

‘Award Interest’ means any interest which may be awarded against the Builder in connection with the final determination of any dispute notified to us in accordance with paragraph 6 below.

‘Contract’ means the contract dated [here insert date] made between the Builder and you for the construction of the Vessel, as the same is amended at any time.

‘Contractual Interest’ means the sum payable on an Instalment at the Interest Rate in accordance with the terms of the Contract.

‘Demand’ means a written demand for payment under this Guarantee.

‘Instalment’ means the amount of the [x]th Instalment in respect of the contract price under the Contract (to the extent that it has not been refunded).

‘Interest Rate’ means the rate of interest prescribed by the Contract as applicable to any part of an Instalment which the Builder is obliged to repay under the terms of the Contract calculated from the date on which the Builder received the Instalment to the date of your receipt of the repayment.

‘Maximum Liability’ means our maximum liability under this Guarantee, which shall be [here insert amount] plus Contractual Interest plus any Award Interest.

‘Builder’ means COSCO SHIPPING SHIPYARD (NANTONG) CO., LTD, ▇▇.▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇.

‘Vessel’ means one (1) wind turbine installation vessel (hull no. N1149)

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(i) if the Builder becomes liable under the Contract to repay any part of any Instalment, or

(ii) if the Vessel has not been delivered to, and accepted by, you by the date that is 45 days prior to the expiry date of this Guarantee and the expiry date of this Guarantee has not been extended in accordance with Clause 14(c) of the Contract),

we shall, upon receipt by us from you of a Demand (together with a copy of a demand made by you against the Builder for repayment or extension of the expiry date, under the Contract, as applicable), pay to you or to your order upon the expiry of thirty (30) days from receipt of such Demand the sum demanded by you by way of the repayment of any Instalment together with Contractual Interest and Award Interest (if any) provided that our total liability shall not exceed the Maximum Liability.

This Guarantee shall become effective in the amount corresponding to the amount of the [x]th Instalment paid to the Builder under the Contract together with Contractual Interest as and when such Instalment has been received by the Builder in its account [*].

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that may be agreed between you and the Builder nor by any circumstances that would otherwise discharge our liability as guarantor.

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and will pay such additional amounts as may be necessary in order that the amount received by you after such deductions or withholdings shall be equal to the amount which would have been received had no such deduction or withholding been made.

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the extent that in any such jurisdiction there may be attributed to us or any of our property, assets or revenue such an immunity (whether or not claimed) we hereby irrevocably agree not to claim and hereby irrevocably waive such immunity to the fullest extent permitted by the laws of such jurisdiction.

13.1 issue a guarantee in this form,

13.2 make payment under this Guarantee in a currency other than that of the place of (where relevant) each of our incorporation, establishment, regulation, registration and residence in case of a Demand for payment under this Guarantee, and

13.3 designate the place stated in paragraph 10 above as the forum and the place of jurisdiction to which we irrevocably submit.

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ANNEX A(ii)

INSTALMENT GUARANTEE

To: [here insert fullstyle name and address of the Builder]

‘Award Interest’ means any interest which may be awarded against the Buyer in connection with the final determination of any dispute notified to us in accordance with paragraph 5 below.

‘Contract’ means the contract dated [here insert date] made between the Buyer and you for the construction of the Vessel, as the same is amended at any time.

‘Contractual Interest’ means the sum payable on an Instalment at the Interest Rate in accordance with the terms of the Contract.

‘Demand’ means a written demand for payment under this Guarantee.

‘Instalment’ means the amount of each of the instalment payments in respect of the contract price under the Contract stated in Box 11 of the Contract (to the extent that it has not been paid) which is made on, before or after the date of this Guarantee to you by the Buyer.

‘Interest Rate’ means the rate of interest prescribed by the Contract as applicable to any part of an Instalment which the Buyer is obliged to pay under the terms of the Contract calculated from such date as is prescribed by the Contract to the date of your receipt of the payment.

‘Maximum Liability’ means our maximum liability under this Guarantee, including Contractual Interest, which shall be US$ [*] plus any Award Interest. For the avoidance of doubt, our maximum liability shall not in any event exceed 50% of the contract price under the Contract stated in Box 11 of the Contract plus 50% of any Award Interest.

‘Buyer’ means [here insert fullstyle name and address of Cadeler entity which enters into the newbuild contract(s)]

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‘Vessel’ means one (1) wind turbine installation vessel (hull no. N1149).

This Guarantee shall become effective when the Refund Guarantee (as defined in the Contract) for the 1st Instalment has been issued by the Builder’s bank in accordance with Clause 14(b) (Builder’s Refund Guarantee) of the Contract.

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termination of the contract and such dispute will be resolved in accordance with the Contract (including, as may be, by the Classification Society/Regulatory Authorities, an Expert or in arbitration or in Court), then we shall not be obliged to make any payment to you under this Guarantee until thirty (30) days after the dispute has been finally determined or in the event of an appeal from an arbitration award, until thirty (30) days after delivery of the final unappealable judgment; or in the event that the court remits the matter to the arbitrator, until thirty (30) days after the publication of the revised final award or in the event of an appeal from the award, until thirty (30) days after delivery of the final unappealable judgment.

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mail or express courier service, or, and if sent by registered mail or express courier service to ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, #▇▇-▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (attention: General Counsel and Head of Corporate Secretarial) (or such other address as we may notify to you in writing) or and shall be effective only upon actual receipt.

13.1 issue a guarantee in this form,

13.2 make payment under this Guarantee in a currency other than that of the place of (where relevant) each of our incorporation, establishment, regulation, registration and residence in case of a Demand for payment under this Guarantee, and

13.3 designate the place stated in paragraph 9 above as the forum and the place of jurisdiction to which we irrevocably submit.

We disclaim liability for any delay, non-return of documents, non-payment or other

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action or inaction due to sanctions imposed by the People’s Republic of China, the United Nations, the European Union, the United States, the United Kingdom, or any other relevant international body or jurisdiction.

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ANNEX A(iii)

IRREVOCABLE LETTER OF GUARANTEE FOR

BUILDER’S OBLIGATIONS UNDER CLAUSE 35

(WARRANTY GUARANTEE)

To: [here insert name and address of the Buyer]

‘Award Interest’ means any interest which may be awarded against the Builder in connection with the final determination of any dispute notified to us in accordance with paragraph 6 below.

‘Contract’ means the contract dated [here insert date] made between the Builder and you for the construction of the Vessel, as the same may be amended at any time.

‘Demand’ means a written demand for payment under this Guarantee.

‘Maximum Liability’ means our maximum liability under this Guarantee, including Award Interest which shall be [here insert amount which must be equal to 5% of the Contract Price].

‘Builder’ means COSCO SHIPPING SHIPYARD (NANTONG) CO., LTD, ▇▇.▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇.

‘Vessel’ means one (1) wind turbine installation vessel (hull no. N1149).

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for the same (together with a copy of a demand made by you against the Builder for payment), pay to you or to your order upon the expiry of thirty (30) days from receipt of such Demand the sum demanded by you and Award Interest (if any) provided that our total liability shall not exceed the maximum Liability.

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applicable).

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extent that in any such jurisdiction there may be attributed to us or any of our property, assets or revenue such an immunity (whether or not claimed) we hereby irrevocably agree not to claim and hereby irrevocably waive such immunity to the fullest extent permitted by the laws of such jurisdiction.

13.1 issue a guarantee in this form,

13.2 make payment under this Guarantee in a currency other than that of the place of (where relevant) each of our incorporation, establishment, regulation, registration and residence in case of a Demand for payment under this Guarantee, and

13.3 designate the place stated in paragraph 10 above as the forum and the place of jurisdiction to which we irrevocably submit.

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ANNEX A(iv)

IRREVOCABLE LETTER OF GUARANTEE FOR

BUILDER’S OBLIGATIONS UNDER CLAUSE 27

To: [here insert name and address of the Buyer]

‘Award Interest’ means any interest which may be awarded against the Builder in connection with the final determination of any dispute notified to us in accordance with paragraph 6 below.

‘Contract’ means the contract dated [here insert date] made between the Builder and you for the construction of the Vessel, as the same may be amended at any time.

‘Contract Price’ means the amount stated in Box 9 of the Contract, as may be adjusted in accordance with the terms of the Contract.

‘Demand’ means a written demand for payment under this Guarantee.

‘Maximum Liability’ means our maximum liability under this Guarantee, which shall be the actual costs and expenses (including Award Interest) incurred by you to repair the Delivery Defects described in and according to Clause 27(d)(iv)(1) and (2) of the Contract, and which shall not exceed [here insert amount] which is five percent (5%) of the Contract Price.

‘Builder’ means COSCO SHIPPING SHIPYARD (NANTONG) CO., LTD, ▇▇.▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇.

‘Vessel’ means one (1) wind turbine installation vessel (hull no. N1149).

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▇▇▇▇▇▇, and agreeing to accept this Guarantee pursuant to the Contract, at the request of the Builder we irrevocably and unconditionally guarantee (but as primary obligor and not by way of secondary liability only) that if the Builder becomes liable to pay any sum to you in accordance with the terms of Clause 27(d)(iv) of the Contract in respect of Delivery Defects, as defined in the Contract, we shall, upon receipt by us from you of a Demand for the same (together with a copy of a demand made by you against the Builder for payment), pay to you or to your order upon the expiry of thirty (30) days from receipt of such Demand the sum demanded by you and Award Interest (if any) provided that our total liability shall not exceed the Maximum Liability.

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Guarantee until thirty (30) days after the dispute has been finally determined or in the event of an appeal from a decision by the Classification Society/Regulatory Authorities, an Expert determination or an arbitration award, until thirty (30) days after delivery of the final unappealable judgment; or in the event that the court remits the matter to the Classification Society/Regulatory Authorities, the Expert or the arbitrator, until thirty (30) days after the publication of the revised final decision, determination or award (as applicable) or in the event of an appeal from the decision, determination or award (as applicable), until thirty (30) days after delivery of the final unappealable judgment.

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[here insert under] via your bank and shall be effective only upon actual receipt.

13.1 issue a guarantee in this form,

13.2 make payment under this Guarantee in a currency other than that of the place of (where relevant) each of our incorporation, establishment, regulation, registration and residence in case of a Demand for payment under this Guarantee, and

13.3 designate the place stated in paragraph 10 above as the forum and the place of jurisdiction to which we irrevocably submit.

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ANNEX “B” – SPECIFICATION

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With reference to Clause 2(c) in the Contract, the Specification includes an addendum (see Addendum no. 03 to the Specification, Rev. 00, dated 24.03.2024) regarding modifications, changes, adjustments, selections, and clarifications agreed for the Builder’s hull no. N1063, N1064, N1130 and N1131.

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ANNEX “C” – MAKER’S LIST

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ANNEX “D” – BUYER’S CORPORATE SOCIAL RESPONSIBILITY (CSR) REQUIREMENTS

Corporate Social Responsibility (CSR) Requirements

Purpose

Cadeler is strongly committed to operating ethically, prudently, responsibly and safely. This document sets our standards on environmental, health & safety, human rights & labour policies, and general business ethics.

We actively seek to select and work with suppliers who not only comply with laws and regulations, but go beyond by setting standards that are expected of an industry leader. We also have a strong preference to work with suppliers who share our commitment to honesty and integrity and who seek to integrate principles of sustainable development into all areas of their business.

Mandatory Rules / Compliance

Legal and Regulatory Compliance
COSCO (also referred to as ‘Suppliers’ or ‘Supplier’) shall ensure their operations and the products and services supplied to Cadeler comply with Chinese laws and regulations.

Forced Labour
Suppliers must not use forced, coerced, bonded or indentured, or involuntary prison labour in any form. All work shall be voluntary. Employees should be free to leave employment upon giving reasonable notice. Suppliers should not require employees to hand-over government-issued identification, passports or work permits as a condition of employment.

Child Labour
Suppliers must not:

Additionally, all young employees (persons under 18) must be protected from performing any work that is likely to be hazardous, or likely to interfere with the child’s education, or that may be harmful to the child’s health or their physical, mental, or social development. This explicitly includes the requirements of Minimum Age Convention, 1973 (No. 138) and Worst Forms of Child Labour Convention, 1999 (No. 182) which have been ratified by China.

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Compensation and Working Hours All employees must have contracts that comply with Chinese labour laws. Suppliers must provide each employee at least the legal minimum wage (where applicable). Wages should be paid regularly and on time. Payment should not be made from employees’ pay for disciplinary reasons or to compensate the employer for providing safer work conditions. Working time periods must not exceed the legal limit, and it should be noted, where relevant, to reflect any exceptional hazards or risks of the work being done. Employees should be properly compensated for overtime according to Chinese law and within legal working hour limits.

Employees should be granted annual leave and sick leave (in accordance with Chinese law) without any repercussions and should be able to take their stipulated maternity or paternity leave (if applicable under national laws).

Employee Rights

Employees should be treated with dignity and respect. This should be achieved by providing a workplace in which no employee shall be subject to any physical, sexual, psychological or verbal harassment or abuse, nor is there to be the threat of such treatment.

Environment

Performance in the supply chain shall comply with, and preferably exceed, applicable legal environmental requirements.

Suppliers should have in place an effective system for managing environmental issues (i.e. ISO 14001) including measuring and reporting on their environmental impacts and reducing impact of their operations upon the environment, where possible.

Chemical and other materials posing a hazard if released to the environment are to be avoided, if possible. If not possible, they are to be identified and managed to ensure their safe handling, movement, storage, recycling or reuse and disposal.

Wastewater and solid waste generated from operations, industrial processes and sanitation facilities are to be monitored, controlled and treated, as required under local regulation, prior to discharge or disposal.

Air emissions of volatile organic chemicals, aerosols, corrosives, particulates, ozone depleting chemicals and combustion by-products generated from operations are to be characterised, monitored, controlled and treated, as required under local regulation, prior to discharge.

Suppliers should aim to reduce or eliminate all types of waste, including water and energy, where possible.

Health and Safety

Suppliers must have in place, or agree to adopt in a reasonable timeframe, health and safety policies and quality management systems (i.e. ISO 45001 & ISO 9001) designed to reduce work-related injury and illness, and promote the general health of employees. Suppliers must ensure information regarding health and safety systems and standards are made readily

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available to employees in the appropriate language/s.

Suppliers should ensure that employees are aware, through newsletters, training or other effective and frequent means of communication, of the suppliers’ obligations with regard to site safety and their own obligations of ensuring the safety of themselves and other employees.

Suppliers should provide for employees as a minimum, reasonable access to potable water and sanitary facilities, fire safety, emergency preparedness and response, industrial hygiene, adequate lighting and ventilation, occupational injury and illness prevention and machine safeguarding. Suppliers will also ensure these same standards apply to any dormitory or canteen facilities.

Suppliers should have in place a policy, which should be in accordance with all national laws and regulations, regarding alcohol and other drug abuse prevention, and testing for such, and should communicate this appropriately to employees.

Bribery and corruption

Suppliers must be committed to the highest standards of morals and ethical conduct in their business. All forms of corruption, extortion, fraud and bribery must be prohibited, including those for the Supplier’s own benefit or the benefit of their relations, friends and associates. Suppliers and their subcontractors shall comply with Chinese anti-corruption laws.

Suppliers will have policies, codes of conduct and procedures (including training) in place to avoid all forms of bribery, corruption and fraud and ensure they are enforced.

Suppliers should disclose any situation that may appear as a potential material conflict of interest. They are also expected to disclose if any of the officials or consultants working with Cadeler has material interest of any kind in the supplier’s business or any kind of economic ties with the supplier.

Subcontractors and other Service Providers

COSCO should work with their own service providers and subcontractors to ensure that they also strive to meet the standards of the COSCO code of conduct and the principles outlined in this document.

Communication, Documentation and Inspection

Suppliers are responsible for communicating the requirements in this document to their employees and subcontractors, on an as necessary basis.

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Overview of Requirements

Our Corporate Social Responsibility Requirements describe our minimum standards for:

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