In accordance with the Modern Slavery Act 2015 (“MSA”), this statement provides the steps that Princess International Sales and Service Ltd (the “Company”) takes to prevent slavery and human trafficking occurring in our business and supply chains.
The Company respects all people and is committed to equal treatment. We endeavour to ensure that no slavery or human trafficking takes place within our business or supply chains, and will take immediate steps to deal with any organisations or individuals found to be involved in such practices so that our standards and values are maintained. This policy reflects our commitment to act ethically and with integrity in our business relationships.
The Company operates as a motor yacht distributor for Princess and Chris Craft in the UK and has outlets in Europe. The principal activities of the Company are the sale, distribution and servicing of new and used motor yachts and luxury power boats, and brokerage and charter services for used motor yachts and luxury power boats.
The Company is committed to taking reasonable steps to help address the risk of modern slavery or human trafficking occurring in our supply chains or in any part of our business, recognising that this is an ongoing challenge. In order to safeguard against this risk the Company ensures that:
- our management, staff and contractors are advised about the Company’s policy on the MSA;
- on induction, staff are vetted to ensure that they have the right to work in the UK and the Company requires that contractors also carry out such checks;
- our business activity and that of our contractors complies with minimum wage legislation; and
- we effectively communicate the Company’s Public Interest Disclosure (Whistleblowing) Policy.
The Company requires that the business practices and supply chains of our suppliers are in accordance with the MSA. Due to the breadth of our supply chains we are not in a position to check every business relationship. Accordingly, the Company monitors compliance by suitable levels of due diligence according to our assessment of the risk of the potential for modern slavery and/or human trafficking.
If the Company is not satisfied that a supplier complies with the MSA, or is taking reasonable steps to achieve compliance, we will (to the extent permitted under contract or by law) temporarily suspend business with that supplier. The ultimate sanction for continual failure to comply will be for the Company to cease to trade with that supplier (as quickly as permitted under contract or by law).
The Company will quickly and thoroughly investigate any claim or indication that any area of its business or supply chains is engaging in modern slavery and/or human trafficking and appropriate remedial action will be taken. The Board of Directors will be informed of any such instance, including the findings and outcome of the investigation.
This statement has been approved by the Board of Directors of the Company, who will continue to review and develop our monitoring processes and training and update them as necessary.
Updated December 2018