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USMX-ILA TRUST FUNDS OVERVIEW
CFS CARRIER CREDITS FOR 2017
In the current Master Contract all units stripped or stuffed at CFS Stations
qualify for a Container Royalty Credit. If the units worked are discharged
or loaded from a USMX member vessel, they get a full credit. In 2017, the
USMX Carriers received credits totaling approximately $8.0 million.
CFS AUDITS
As mandated by the CFS Trustees and as required by the operating
regulations of the CFS program, all stations must be audited—the larger
stations annually and the smaller stations as needed. It is important to
note that all stations must adhere to the Audit Guidelines found in the CFS
Operators' Manual. All stations are required to know the audit policies
of the program, and to provide the auditors with any and all information
requested. Operators will be given ample time to discuss the process in
detail and to prepare the information requested by the auditors. In 2017,
audits were conducted in Miami, New York, Baltimore and Houston.
