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CCC -- Annual Report--2001

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Counsel, ingether with industry representatives, continued to participate in the promulgaiion of intemaiiona] guidelines for ',rlLs under the auspices of the intemalional Cargo H,~nddng Co ordtoalton A.~ociation ("ICHCA") After several rounds of consugutions and considembfe Safety Panel deliberations, it is antfeiguted the guidelines ~11 also be published late in the summer af 2002. These guidegnes ~ll p ro~,kfe assist,a/lee for came~ ,'uld marine te mlJna[ oparainl's seek] ng to incorgurate VI~Ls iiIto their opallltgu~. lnlermoda[ Equipment Interchange Counsei, ~x~rkthg with the ]Regional Directors, participated in the ongoing efforts to prevent trticking interests from shilling the liabdity for the operation of ovevthe-road intemledal equipment were ongoing as x~e]l. \Vhde there w,~ no siguilteant activity on the federal le~'el, trucking interests were active on the state level and in the State of New Jersey in particular: CCC member compan fes appeared before tM New Jersey State Legislature to offer testthmny on eguipmem inlerchange and niathtenance practices. Throughout these bearings, COUlLSe[ consulted with die nlenlbel-.~ to prepare their testimotly ~ wed ~ to represent die interests of the cafrte~ ovendl Cerl/Re-Cer t Training Program Largely due to the response to the PIT training materials, it ~,as determined that enhanced training materials for Shore'side and rubber 'life Gantry Cranes were needed to increase the effectivefle~ of our training and satisfy the demand for such training. At the direction of CCC's Chainnan and the US~L'( Preaident, counsel participated in a series of meetings to dm'efop the Iraining materials, in addition, counnd has been direcled to participate in ale creation of a genend ]ongshoring orient~tton program. It is anticipated that these materials, along with the PIT training materials, will become an importont component of the Ceri/Re-Cer~ program. Coutxsel, ingetffer with both management and [LA gronps, parlteipated in bmin-stomring sessions to develop suggestions for appropriate program conlent. PrOduCtion is scheduled Io begin shordy with product delivery antteipated in March of 2003, VlMg.s / SIMAS / NIMAS Throughout 2001, counsel worked widl CCC's Chaimlatt and staff, accountonte and actuaries to represent the intere~L of the carrtets ill connection with the insurance program set tip to protect the carriers, the Vemlon~ insurance Maritime Indemnity and Suretyshi~ Compang its Bem~ud~b,e~ed reinsurer, tile Shipping industry ~thina[ As,surm~ce Associatguh Ltd and it~ stlbsidiat~, t.he Nafiona[ Insurance Mutual ks, su rance Society Limited. Counsel ,'dso reviewed the appg~tton of the program to various claims, which review resulted in p~menis to ~e~ml CCC inelnbers for losses the c~rders h~d suffered. Finally, counsel advised the directors as to p~ying dividends to the tosureds to provide ~nding for industry needs.

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