Conducted divestment of 999 shares or 99.99% to the Subsidiary, PT Hanochem Tiaka Samudera; Converted motor tanker (MT Putri Bangsa) into FSO vessel in Shipyard at Batam to replace FSO Raisis which was operating in Tiaka, Sulawesi; And The Company received Notice of Default from International Finance Corporation (IFC) and The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU, Jakarta resulted from non-payment of long term debt due to the burning of FSO LenteraBangsa ship in September 2011.