USMX Animated PDFs

72 2 0 1 7 A N N U A L R E P O R T CCCSC STAFF Front row, le to right: Mary Ann Decha, Diane Trapp, Kelly Ryan, Eva Bata, Emma Roginskaya. Back row, le to right: Richard Glogowski, Joseph Marino, Nigel Jenkins, Anthony Dalonges, Naum Samardin, Daniel Melvin, Andrew Heo. HISTORY OF CCC SERVICE CORPORATION CCC Service Corporation (CCCSC) was incorporated in the State of Delaware on April 3, 2002, as a for-profit stock corporation, for the purposes of providing accounting, administrative and information technology service to membership and port associations in the maritime and related industries. CCCSC commenced operations on July 1, 2002. In 2002, United States Maritime Alliance, Ltd. (USMX) and New York Shipping Association, Inc. (NYSA), related parties, invested in an ownership interest of CCCSC, split 60% and 40%, respectively. On June 25, 2009, USMX acquired all of NYSA's common shares of CCCSC, taking 100% ownership of it. In early 2011, CCCSC applied for tax-exempt status, and, effective, May 3, 2011, received its tax exemption from the Internal Revenue Service, thereby qualifying as an organization under Section 501 (c)(6), and not subject to federal or state income tax. 2017 SERVICES UPDATE CCC Service Corp. (CCCSC), as a division of USMX, completed another suc- cessful year in 2017, providing essential services for USMX and its various Master Contract trust funds in the following areas of responsibility: Member Assessments Repor ng • Administration of reporting and payment of USMX member Master Contract assessments • In conjunction with the Container Royalty Central Collection Fund (CRCCF), CCCSC has successfully transitioned all major carriers over to the new CRCCF reporting system Reduced receivables from 38 days to 33 days which was achieved by the centralized collection process Service Agreements • CCCSC has Service Agreements with Management-ILA Managed Healthcare (MILA) Trust Fund; Carrier-ILA Container Freight Station (CFS) Trust Fund; Carrier-ILA Container Royalty (CR4) Trust Fund; Car- rier-ILA Container Royalty #5 (CR5) Fund; Container Royalty Central Collection Fund (CRCCF); Shipping Industry Mutual Assurance Asso- ciation Limited (SIMAS); and New York Shipping Association Port of Discovery (NYSA POD) Program. • CCCSC is responsible for payroll services, general accounting and financial reporting for USMX, CCCSC, CRCCF, CFS, CR5 and CRF CCCSC continues to increase headcount productivity (zero head- count growth over 7 years) while increasing tonnage by nearly 37% over the same time period Managed USMX/CCCSC finances to meet or exceed budget guidelines, while being able to maintain the USMX assessment at $.04 per ton since 1/1/16 Informa on Technology Services • CCCSC also provides IT administrative services to USMX, CRCCF and CCCSC On January 1, 2017 the IT group successfully migrated to a more efficient system platform, improving speed and data security at lessor cost Updates to the CFS module were implemented to allow ease of use and problem resolution As of December 31, 2017, all but one terminal has completed the NYSA POD redistribution project Personnel • On January 1, 2018, Mrs. Mary Ann Decha, Executive Assistant, will retire from CCCSC after 21.5 years of service in the maritime industry Ms. Kelly Ann Ryan (also of CCCSC) will take over Mrs. Decha's duties as Executive Assistant CCC SERVICE CORPORATION

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