MISC Annual Report 2019

GIA Group Internal Audit GKL Gumusut-Kakap Semi-Floating Production System (L) Limited GMF Global Maritime Forum Group MISC Berhad and its subsidiaries HER Hazard Effect Register HR Human Resource HSE Health, safety and environment HSSE Health, safety, security and environment IC Identification card ICAEW Institute of Chartered Accountants in England and Wales ICT Information and communications technology IFRS International Financial Reporting Standards IFSSC PETRONAS Integrated Financial Shared Services Centre IGF Code International Code of Safety for Ships using Gases or other Low-flashpoint Fuels IHA In-house account ILO International Labour Organisation IMCA International Marine Contractors Association IMO International Maritime Organisation INEDs Independent Non-Executive Directors IOPP International Oil Pollution Prevention IPPF International Professional Practices Framework IRS Interest rate swaps ISO International Organization for Standardization ISPS International Ship and Port Facility Security Code ITSC Information and Communications Technology Steering Committee JHA Job Hazard Analysis JV Joint venture KAM Key Audit Matters KBB Kebabangan field KMP Key management personnel KPI Key performance indicator KPOC Kebabangan Petroleum Operating Company Sdn. Bhd. KPWKM Kementerian Pembangunan Wanita & Kebajikan Masyarakat KRI Key risk indicator KYC Know Your Customer Questionnaires L2P LNG-to-power LBV LNG bunker vessel LNG Liquefied natural gas LOU Letter of Undertaking LSV Lightering support vessel LTI Lost time injury LTIF Lost time injury frequency OSVIS Offshore Support Vessel Inspection System OVID Offshore Vessel Inspection Database P&I Protection and indemnity PAGEMA Pasir Gudang Emergency Mutual Aid PCSB PETRONAS Carigali Sdn. Bhd. PDPA Personal Data Protection Act PE Registered Professional Engineer, Board of Engineers Malaysia Petrobras Petróleo Brasileiro S.A. PETRONAS Petroliam Nasional Berhad PETRONAS Group PETRONAS and its subsidiaries PLL Portovenere and Lerici (Labuan) Private Limited PMT Project Management Team POC Percentage of completion PPE Property, plant and equipment PRA Project Risk Assessment PRM PETRONAS Resiliency Model PRPC PETRONAS Refinery and Petrochemical Corporation PSC Port State Control PSE Process Safety Events PTPK Perbadanan Tabung Pendidikan Kemahiran PTPTN Perbadanan Tabung Pendidikan Tinggi Nasional PTSC Petroleum Technical Services Corporation RAPID Refinery and Petrochemical Integrated Development RGT Regasification terminal RM Ringgit Malaysia RMC Risk Management Committee RPT Related party transaction RRPT Recurrent related party transaction RSO Recognised Security Organisation SCR Selective Catalytic Reduction SeaRiver SeaRiver Maritime L.L.C. Semi FPS Semi-submersible floating production system SICDA Securities Industry (Central Depositories) Act 1991 SIGTTO Society of International Gas Tanker and Terminal Operators Ltd. SIRE Ship Inspection Report SKM Sijil Kemahiran Malaysia SMA Ship Management Audit SOGT Sabah Oil and Gas Terminal SPPI Solely payments of principal and interest SSPC Sabah Shell Petroleum Limited STCW Standards of Training, Certification and Watchkeeping STS Ship to ship MACN Maritime Anti-Corruption Network MaMPU Marginal Marine Production Unit MASA Malaysia Shipowners’ Association MASB Malaysian Accounting Standards Board MATES Malaysian Training and Education of Seamen MC Management Committee MCA Maritime and Coastguard Agency MCCG 2017 Malaysian Code on Corporate Governance 2017 MCV Modular capture vessel MDFT Malaysia Deepwater Floating Terminal (Kikeh) Limited MEMS MMHE EPIC Marine & Services Sdn. Bhd. MET Maritime education and training MFRS Malaysian Financial Reporting Standards MHB Malaysia Marine & Heavy Engineering Holdings Berhad MICG Malaysian Institute of Corporate Governance MISC MISC Berhad and its subsidiaries MISC shares Ordinary shares in MISC MITRA Malaysia India Transformation Unit MMHE Malaysia Marine & Heavy Engineering Sdn. Bhd. MMLR Main Market Listing Requirements MMS MISC Maritime Services Sdn. Bhd. MMtpa Million metric tonnes per annum MoF Ministry of Finance MOPU Mobile offshore production unit MR Mid-range MRV Monitoring, reporting and verification MSOSH Malaysian Society for Occupational Safety and Health MSWG Minority Shareholders Watch Group MTSB MISC Tanker Sdn. Bhd. MVOT Malaysia Vietnam Offshore Terminal (L) Limited MyWiE Malaysia Women in Energy NCI Non-controlling interests NEDs Non-Executive Directors NINEDs Non-Independent Non-Executive Directors NIST National Institute of Standards and Technology NOCs National oil companies NRC Nomination and Remuneration Committee NYK Nippon Yusen Kabushiki Kaisha OCIMF Oil Companies International Marine Forum ODS Ozone Depleting Substance Omnibus Account Multiple beneficial owners in one securities account OPEC Organization of the Petroleum Exporting Countries LIST OF ABBREVIATIONS LIST OF ABBREVIATIONS TBC To be confirmed TCE Time charter equivalent TLP Tension leg platform TMS Talent Management System TMSA Tanker Management & Self Assessment TNAG Tembikai Non-Associated Gas OWF TOR Terms of reference TRCF Total recordable case frequency UCUA Unsafe Condition Unsafe Act UN United Nations UNCTAD United Nations Conference on Trade and Development UNSDG United Nation’s Sustainable Development Goals UPEN Melaka State Economic Planning Unit USD United States Dollar VIS Vessel Inspection System VIU Value-in-use VLCC Very large crude carrier VOC Volatile Organic Compounds WBC Whistleblowing Committee WBS Whistleblowing Secretariat WEF World Economic Forum WHP Wellhead platform YA Year of Assessment ADDITIONAL INFORMATION MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 400 401