The Audit Committee is an organizational device established by and responsible to the Company's Board of Commissioners, based on:

1. Financial Services Authority Regulation No. 55/POJK.04/2015 concerning the Establishment and Guidelines for the Implementation of Audit Committee Work.
2. Decision of the Board of Directors of PT Bursa Efek Jakarta No.: Kep-00001/BEI/01-2014 dated 20 January 2014 concerning Regulation No.I-A concerning Registration of Shares and Equity-Type Securities other than Shares issued by Listed Companies, point III.1.6.
3. Circular Decision of the Board of Commissioners in lieu of the Board of Commissioners Meeting of PT Batulicin Nusantara Maritim Tbk., October 25 2019.

The Audit Committee was formed in order to assist in carrying out the duties and functions of the Board of Commissioners and act independently in carrying out its duties and responsibilities.

Members of the Audit Committee are as follows:

Chairman: Sumarwoto
Member : Arifin Mangasi Sibarani
Member : David