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Association of Ship Brokers amp Agents (USA) Inc FEBRUARY 2017
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ASBA visits OFAC Office - January 23 2017 As we reported at the Annual General Meeting ASBA was invited to host anldquoindustry awarenessrdquo session at OFAC Headquarters in Washington DC for theirCompliance and Enforcement staff ASBA representatives included
Soren Wolmar - Quincannon Associates Milind Trilokekar - Triworld Shipping Services
Bijan Paksima - Integrated Commodity Logistics Corp Shelton Metcalf - Seacor Holdings Inc Richard Reisert - ASBA Legal Counsel
There were close to 20 OFAC Office of Compliance amp Enforcement (OCE) staff inattendance We prepared a slide presentation that included the following topics About ASBA Life Cycle of a Maritime Deal Basics of Chartering ndash concept and types of carriers Charter Parties and Maritime Law Types of ChartersTypes of Vessels Key Players ndash owneroperators charterers ship brokers and ship agents Role of the Ship Broker Role of the Ship Agent Industry Challenges in Dealing with OFAC Regulations OFAC staff was invited to ask questions of which there were many Our takeaways
The Office of Compliance and Enforcement (OCE) is tasked with theenforcement of sanctionsOCE staff is very familiar with banks and the movement of funds Banks havedeveloped systems to assist them in identifying fund transfers with sanctionednations companies or individuals Banks are required to report details of anypotentially illegal fund transfer
Companies or individuals involved in an OFAC violation however remote areconsidered in violation There is no easy escape if your company becomesinvolved in such a deal As you will recall from the session we hosted inStamford last June in order to receive favorable treatment from OFAC or areduced penalty a company must establish and adhere to their own internalprocedures to ensure that their company does all that is possible to identify allparties involved in the trade and that they arenrsquot on the SDN (SpeciallyDesignated Nationals and Blocked Persons) list before or during the trade Itshould also be noted that many PampI Clubs now require this type ofinformationOFACrsquos reach is international since most international fund transfers involve aUS bank or one of its subsidiaries
What to do if
Your Company becomes aware of a potential OFAC violation with a deal OFAC recommends that the company immediately file a ldquovoluntary self-disclosurerdquo of same providing full details of the trade as they relate to thesanction program Quality of the information when who how amp why notquantity is of greatest importance (DO NOT include your companyrsquos history)Funds have been wrongfully stopped One of the partiesrsquo name location orother information may be similar to one on the SDN list First provide yourbank with supporting information on counter-parties to attempt to clear up theissue before contacting OFAC OFAC may not have received information ofthe stopped transaction If you are unsuccessful in clearing up the issue withyour bank after a few days time you should then contact OFAC via the emailor telephone hotline with the facts of the deal Again quality not quantity
Best Practices
Check before fixing Use the OFAC email hotlineofac_feedbacktreasurygov provide as much detail as possible DONOT use ldquohypotheticalrdquo examples One can also call the OFAC telephonehotline (800-540-6322) Typically one must leave a voicemail but identifyoneself as an ASBA member and provide details about the transaction in themessage The OCE assured us that they listen to all voicemails and based onthe information provided will assign a staff member to return the call OCEindicated that calls are directed to staff familiar with the subject at hand and donot designate staff to a specific industry association or groupInclude ldquoASBArdquo in the subject line on all inquiries They cannot guaranteea faster reply however this will help them to better understand our membersand their issuesOFAC replies donrsquot necessarily provide clear cut guidance rather they provideassistance in interpreting the rules
If OFAC provides specific guidance on a request they will stand behind theirguidancesuggested course of action Be sure to retain all correspondence ifthe guidance was received by phone prepare a detailed memo of theconversation including the name of the OCE staff member and advice given OCE prefers not to receive emails which purport to confirm advice given butyour memo could be useful laterDo your Due Diligence Use the SDN list to check for the individualbusinessnames of all counter-parties Be sure that the commodity can be traded orshipped to the sanctioned nation
As you should all be aware this issue IS of concern to all members not just shipownersoperators or charterers We believe that this was time well spent on behalfof all members and do hope that OCE will be attentive in responding to ASBAmember inquiries We have a copy of OFACrsquos Enforcement Overview amp CaseStudies presentation dated December 2016 Interested Drop us an email I want to extend my sincere thanks to the ASBA representatives without whom thissession wouldnrsquot have been as well received I also want to extend my specialthanks to Milind and Rich for their kind assistance in preparing this recap of ourmeeting
Annual General Meeting - February 2 2017
Link to event photos
As you can see from the photo above weenjoyed record attendance at this yearsAnnual General Meeting Thesemembers did not miss out on an eveningof food drink and camaraderie Im sure that our guest speaker LoisZabrocky PresidentCEO of InternationalSeaways Ship Management was theother reason that so many joined us Lois provided members with her view ofwhat they might expect during the TrumpPresidency We are grateful for her timeand insight She is an excellent as wellas entertaining speaker havingaddressed this group and our CargoConference delegates many times in thepast Thank you Lois
Chris Young ASBA President invitedmembers to take a more active role intheir Association The opportunities aremany Consider volunteering to work onone of our standing committees (DryCargo Tanker Agency Affairs CharterParty and Documentary MembershipEducation American Tanker RateSchedule Entertainmentand YSBA) or the Cargo Conference Iftime doesnt permit committeeparticipation be sure to join us atour social events the golf outing orCargo Conference Our goal isto promote attendance not to makemoney as such your price is our price Make 2017 your year to get involved
Tanker Broker Lunch with
Doug McCormick - Chevron Shipping This years lunch was again a huge
success hosting 120 guests of our
member sponsors that included
Dietze amp Associates LampR Midland MCA
Associates McQuilling Partners MJLF amp
Associates Poten amp Partners
Quincannon Associates
Simpson|Spence|Young and Charles
RWeber Company Thanks for your
continued support Link to Event Photos
BIMCO reports on Cargo FraudWarning Signs
Broker is not known to the owners or their direct brokers
Alleged ports are often (but not always) in Turkey or North African countries
Request to remit funds to a third country with no apparent connection with
any of the parties to the fixture loading or discharge ports
Sudden request to change the account into which funds are to be paid
Communication is by email only and when you call the number provided and
the person answering the broker or charterers phone sounds like the same
person
Broker may have several cargoes in the market at the same time and the
similarities of the contact number of references and agents raise suspicion if
checked in detail
What to do if you are Suspicious
Call involved parties and liaise with a trusted agent in the loading port to
check if cargo is actually available Visit wwwfonasbacom for a listing of
ship agents around the world
Contact Chartering company to check if they have a cargo with description
offered
The crucial point is to check the identity of the involved parties when in doubt and
always before remitting any funds
FONASBA NEWS
FONASBA Quality Standard Webinar shy FQS Webinar Link
Twentyshynine FONASBA country member associations have awarded 427 ship agency and ship brokerage companies the FQS
FONASBA Agency Appointment Agreement Webinar shy AAA Webinar Link
The International Congress of Maritime Arbitrators (ICMA)
Copenhagen Denmark September 25 ndash 29 2017
More than 100 papers will be presented covering recent developments in
international maritime law and arbitration practice There are typically 300
delegates in attendance including arbitrators maritime lawyers PampI
representatives chartering amp claims representatives from ship owners and
charterers as well as ship brokers
The event is sponsored by The Society of Maritime Arbitrators New York NYMAR and others
For more information please visit httpicma2017copenhagenorg
CALENDAR OF EVENTScheck out website for more event and course details
wwwasbaorg March 20 2017 ASBA - BALTIC - Stamford CT March 30-31 2017 Busines of Shipping II - Stamford CT April 6-7 2017 Business of Shipping I - Houston TX April 21 2017 YSBA Lunch with Speaker - Stamford CT April 21 2017 Agency Seminar - New Orleans LA May 4 2017 ASBA Golf Outing - NY Country Club New Hempstead NY August 11 2017 YSBA Yankee Game vs Boston Red Sox - NY Sept 27-29 2017 Annual Cargo Conference - Eden Roc Miami Beach FL
WELCOME NEW AFFILIATE MEMBERS
WELCOME NEW COMPANY MEMBER
International Seaways ShipManagement LLC
600 Third Avenue 39th Floor
New York NY 10016
Tel 212-578-1600
Fax 212-578-1991
vcostanzaintlseascom
wwwintlseascom
Suncor Energy Products Partnership
2489 North Sheridan Way
Mississauga Ontario L5K1A8
Canada
Tel 905-804-8400
Fax 905-804-7556
marineopsuncorcom
wwwsuncorcommarine
Maersk Broker America Inc 177 Broad Street Suite 1051
Stamford CT 06901
Tel 203-351-9859
cfcmaerskbrokercom
wwwmaerskbrokercom
WELCOME NEW ASSOCIATE MEMBER James N Greenlees
12M Group LLC
42 Tarn Drive
Morris Plains NJ 07950
Tel 973-984-1045
jngreenleesyahoocom
Basic Principles ofChartering
Matthew Cruder Alan C Dodd Kyle Jaffee Craig Patterson
Congratulation Students
Shipbroking amp CharteredVessel Operations
Georgios Angelis Anatoly Basanets Jonathan P James Nathan J McKenzie
Business of Shipping I Stamford CT
Sora Kang Wendy K Tan Rebecca Redstone Stanton J Terranova
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
Companies or individuals involved in an OFAC violation however remote areconsidered in violation There is no easy escape if your company becomesinvolved in such a deal As you will recall from the session we hosted inStamford last June in order to receive favorable treatment from OFAC or areduced penalty a company must establish and adhere to their own internalprocedures to ensure that their company does all that is possible to identify allparties involved in the trade and that they arenrsquot on the SDN (SpeciallyDesignated Nationals and Blocked Persons) list before or during the trade Itshould also be noted that many PampI Clubs now require this type ofinformationOFACrsquos reach is international since most international fund transfers involve aUS bank or one of its subsidiaries
What to do if
Your Company becomes aware of a potential OFAC violation with a deal OFAC recommends that the company immediately file a ldquovoluntary self-disclosurerdquo of same providing full details of the trade as they relate to thesanction program Quality of the information when who how amp why notquantity is of greatest importance (DO NOT include your companyrsquos history)Funds have been wrongfully stopped One of the partiesrsquo name location orother information may be similar to one on the SDN list First provide yourbank with supporting information on counter-parties to attempt to clear up theissue before contacting OFAC OFAC may not have received information ofthe stopped transaction If you are unsuccessful in clearing up the issue withyour bank after a few days time you should then contact OFAC via the emailor telephone hotline with the facts of the deal Again quality not quantity
Best Practices
Check before fixing Use the OFAC email hotlineofac_feedbacktreasurygov provide as much detail as possible DONOT use ldquohypotheticalrdquo examples One can also call the OFAC telephonehotline (800-540-6322) Typically one must leave a voicemail but identifyoneself as an ASBA member and provide details about the transaction in themessage The OCE assured us that they listen to all voicemails and based onthe information provided will assign a staff member to return the call OCEindicated that calls are directed to staff familiar with the subject at hand and donot designate staff to a specific industry association or groupInclude ldquoASBArdquo in the subject line on all inquiries They cannot guaranteea faster reply however this will help them to better understand our membersand their issuesOFAC replies donrsquot necessarily provide clear cut guidance rather they provideassistance in interpreting the rules
If OFAC provides specific guidance on a request they will stand behind theirguidancesuggested course of action Be sure to retain all correspondence ifthe guidance was received by phone prepare a detailed memo of theconversation including the name of the OCE staff member and advice given OCE prefers not to receive emails which purport to confirm advice given butyour memo could be useful laterDo your Due Diligence Use the SDN list to check for the individualbusinessnames of all counter-parties Be sure that the commodity can be traded orshipped to the sanctioned nation
As you should all be aware this issue IS of concern to all members not just shipownersoperators or charterers We believe that this was time well spent on behalfof all members and do hope that OCE will be attentive in responding to ASBAmember inquiries We have a copy of OFACrsquos Enforcement Overview amp CaseStudies presentation dated December 2016 Interested Drop us an email I want to extend my sincere thanks to the ASBA representatives without whom thissession wouldnrsquot have been as well received I also want to extend my specialthanks to Milind and Rich for their kind assistance in preparing this recap of ourmeeting
Annual General Meeting - February 2 2017
Link to event photos
As you can see from the photo above weenjoyed record attendance at this yearsAnnual General Meeting Thesemembers did not miss out on an eveningof food drink and camaraderie Im sure that our guest speaker LoisZabrocky PresidentCEO of InternationalSeaways Ship Management was theother reason that so many joined us Lois provided members with her view ofwhat they might expect during the TrumpPresidency We are grateful for her timeand insight She is an excellent as wellas entertaining speaker havingaddressed this group and our CargoConference delegates many times in thepast Thank you Lois
Chris Young ASBA President invitedmembers to take a more active role intheir Association The opportunities aremany Consider volunteering to work onone of our standing committees (DryCargo Tanker Agency Affairs CharterParty and Documentary MembershipEducation American Tanker RateSchedule Entertainmentand YSBA) or the Cargo Conference Iftime doesnt permit committeeparticipation be sure to join us atour social events the golf outing orCargo Conference Our goal isto promote attendance not to makemoney as such your price is our price Make 2017 your year to get involved
Tanker Broker Lunch with
Doug McCormick - Chevron Shipping This years lunch was again a huge
success hosting 120 guests of our
member sponsors that included
Dietze amp Associates LampR Midland MCA
Associates McQuilling Partners MJLF amp
Associates Poten amp Partners
Quincannon Associates
Simpson|Spence|Young and Charles
RWeber Company Thanks for your
continued support Link to Event Photos
BIMCO reports on Cargo FraudWarning Signs
Broker is not known to the owners or their direct brokers
Alleged ports are often (but not always) in Turkey or North African countries
Request to remit funds to a third country with no apparent connection with
any of the parties to the fixture loading or discharge ports
Sudden request to change the account into which funds are to be paid
Communication is by email only and when you call the number provided and
the person answering the broker or charterers phone sounds like the same
person
Broker may have several cargoes in the market at the same time and the
similarities of the contact number of references and agents raise suspicion if
checked in detail
What to do if you are Suspicious
Call involved parties and liaise with a trusted agent in the loading port to
check if cargo is actually available Visit wwwfonasbacom for a listing of
ship agents around the world
Contact Chartering company to check if they have a cargo with description
offered
The crucial point is to check the identity of the involved parties when in doubt and
always before remitting any funds
FONASBA NEWS
FONASBA Quality Standard Webinar shy FQS Webinar Link
Twentyshynine FONASBA country member associations have awarded 427 ship agency and ship brokerage companies the FQS
FONASBA Agency Appointment Agreement Webinar shy AAA Webinar Link
The International Congress of Maritime Arbitrators (ICMA)
Copenhagen Denmark September 25 ndash 29 2017
More than 100 papers will be presented covering recent developments in
international maritime law and arbitration practice There are typically 300
delegates in attendance including arbitrators maritime lawyers PampI
representatives chartering amp claims representatives from ship owners and
charterers as well as ship brokers
The event is sponsored by The Society of Maritime Arbitrators New York NYMAR and others
For more information please visit httpicma2017copenhagenorg
CALENDAR OF EVENTScheck out website for more event and course details
wwwasbaorg March 20 2017 ASBA - BALTIC - Stamford CT March 30-31 2017 Busines of Shipping II - Stamford CT April 6-7 2017 Business of Shipping I - Houston TX April 21 2017 YSBA Lunch with Speaker - Stamford CT April 21 2017 Agency Seminar - New Orleans LA May 4 2017 ASBA Golf Outing - NY Country Club New Hempstead NY August 11 2017 YSBA Yankee Game vs Boston Red Sox - NY Sept 27-29 2017 Annual Cargo Conference - Eden Roc Miami Beach FL
WELCOME NEW AFFILIATE MEMBERS
WELCOME NEW COMPANY MEMBER
International Seaways ShipManagement LLC
600 Third Avenue 39th Floor
New York NY 10016
Tel 212-578-1600
Fax 212-578-1991
vcostanzaintlseascom
wwwintlseascom
Suncor Energy Products Partnership
2489 North Sheridan Way
Mississauga Ontario L5K1A8
Canada
Tel 905-804-8400
Fax 905-804-7556
marineopsuncorcom
wwwsuncorcommarine
Maersk Broker America Inc 177 Broad Street Suite 1051
Stamford CT 06901
Tel 203-351-9859
cfcmaerskbrokercom
wwwmaerskbrokercom
WELCOME NEW ASSOCIATE MEMBER James N Greenlees
12M Group LLC
42 Tarn Drive
Morris Plains NJ 07950
Tel 973-984-1045
jngreenleesyahoocom
Basic Principles ofChartering
Matthew Cruder Alan C Dodd Kyle Jaffee Craig Patterson
Congratulation Students
Shipbroking amp CharteredVessel Operations
Georgios Angelis Anatoly Basanets Jonathan P James Nathan J McKenzie
Business of Shipping I Stamford CT
Sora Kang Wendy K Tan Rebecca Redstone Stanton J Terranova
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
If OFAC provides specific guidance on a request they will stand behind theirguidancesuggested course of action Be sure to retain all correspondence ifthe guidance was received by phone prepare a detailed memo of theconversation including the name of the OCE staff member and advice given OCE prefers not to receive emails which purport to confirm advice given butyour memo could be useful laterDo your Due Diligence Use the SDN list to check for the individualbusinessnames of all counter-parties Be sure that the commodity can be traded orshipped to the sanctioned nation
As you should all be aware this issue IS of concern to all members not just shipownersoperators or charterers We believe that this was time well spent on behalfof all members and do hope that OCE will be attentive in responding to ASBAmember inquiries We have a copy of OFACrsquos Enforcement Overview amp CaseStudies presentation dated December 2016 Interested Drop us an email I want to extend my sincere thanks to the ASBA representatives without whom thissession wouldnrsquot have been as well received I also want to extend my specialthanks to Milind and Rich for their kind assistance in preparing this recap of ourmeeting
Annual General Meeting - February 2 2017
Link to event photos
As you can see from the photo above weenjoyed record attendance at this yearsAnnual General Meeting Thesemembers did not miss out on an eveningof food drink and camaraderie Im sure that our guest speaker LoisZabrocky PresidentCEO of InternationalSeaways Ship Management was theother reason that so many joined us Lois provided members with her view ofwhat they might expect during the TrumpPresidency We are grateful for her timeand insight She is an excellent as wellas entertaining speaker havingaddressed this group and our CargoConference delegates many times in thepast Thank you Lois
Chris Young ASBA President invitedmembers to take a more active role intheir Association The opportunities aremany Consider volunteering to work onone of our standing committees (DryCargo Tanker Agency Affairs CharterParty and Documentary MembershipEducation American Tanker RateSchedule Entertainmentand YSBA) or the Cargo Conference Iftime doesnt permit committeeparticipation be sure to join us atour social events the golf outing orCargo Conference Our goal isto promote attendance not to makemoney as such your price is our price Make 2017 your year to get involved
Tanker Broker Lunch with
Doug McCormick - Chevron Shipping This years lunch was again a huge
success hosting 120 guests of our
member sponsors that included
Dietze amp Associates LampR Midland MCA
Associates McQuilling Partners MJLF amp
Associates Poten amp Partners
Quincannon Associates
Simpson|Spence|Young and Charles
RWeber Company Thanks for your
continued support Link to Event Photos
BIMCO reports on Cargo FraudWarning Signs
Broker is not known to the owners or their direct brokers
Alleged ports are often (but not always) in Turkey or North African countries
Request to remit funds to a third country with no apparent connection with
any of the parties to the fixture loading or discharge ports
Sudden request to change the account into which funds are to be paid
Communication is by email only and when you call the number provided and
the person answering the broker or charterers phone sounds like the same
person
Broker may have several cargoes in the market at the same time and the
similarities of the contact number of references and agents raise suspicion if
checked in detail
What to do if you are Suspicious
Call involved parties and liaise with a trusted agent in the loading port to
check if cargo is actually available Visit wwwfonasbacom for a listing of
ship agents around the world
Contact Chartering company to check if they have a cargo with description
offered
The crucial point is to check the identity of the involved parties when in doubt and
always before remitting any funds
FONASBA NEWS
FONASBA Quality Standard Webinar shy FQS Webinar Link
Twentyshynine FONASBA country member associations have awarded 427 ship agency and ship brokerage companies the FQS
FONASBA Agency Appointment Agreement Webinar shy AAA Webinar Link
The International Congress of Maritime Arbitrators (ICMA)
Copenhagen Denmark September 25 ndash 29 2017
More than 100 papers will be presented covering recent developments in
international maritime law and arbitration practice There are typically 300
delegates in attendance including arbitrators maritime lawyers PampI
representatives chartering amp claims representatives from ship owners and
charterers as well as ship brokers
The event is sponsored by The Society of Maritime Arbitrators New York NYMAR and others
For more information please visit httpicma2017copenhagenorg
CALENDAR OF EVENTScheck out website for more event and course details
wwwasbaorg March 20 2017 ASBA - BALTIC - Stamford CT March 30-31 2017 Busines of Shipping II - Stamford CT April 6-7 2017 Business of Shipping I - Houston TX April 21 2017 YSBA Lunch with Speaker - Stamford CT April 21 2017 Agency Seminar - New Orleans LA May 4 2017 ASBA Golf Outing - NY Country Club New Hempstead NY August 11 2017 YSBA Yankee Game vs Boston Red Sox - NY Sept 27-29 2017 Annual Cargo Conference - Eden Roc Miami Beach FL
WELCOME NEW AFFILIATE MEMBERS
WELCOME NEW COMPANY MEMBER
International Seaways ShipManagement LLC
600 Third Avenue 39th Floor
New York NY 10016
Tel 212-578-1600
Fax 212-578-1991
vcostanzaintlseascom
wwwintlseascom
Suncor Energy Products Partnership
2489 North Sheridan Way
Mississauga Ontario L5K1A8
Canada
Tel 905-804-8400
Fax 905-804-7556
marineopsuncorcom
wwwsuncorcommarine
Maersk Broker America Inc 177 Broad Street Suite 1051
Stamford CT 06901
Tel 203-351-9859
cfcmaerskbrokercom
wwwmaerskbrokercom
WELCOME NEW ASSOCIATE MEMBER James N Greenlees
12M Group LLC
42 Tarn Drive
Morris Plains NJ 07950
Tel 973-984-1045
jngreenleesyahoocom
Basic Principles ofChartering
Matthew Cruder Alan C Dodd Kyle Jaffee Craig Patterson
Congratulation Students
Shipbroking amp CharteredVessel Operations
Georgios Angelis Anatoly Basanets Jonathan P James Nathan J McKenzie
Business of Shipping I Stamford CT
Sora Kang Wendy K Tan Rebecca Redstone Stanton J Terranova
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
As you can see from the photo above weenjoyed record attendance at this yearsAnnual General Meeting Thesemembers did not miss out on an eveningof food drink and camaraderie Im sure that our guest speaker LoisZabrocky PresidentCEO of InternationalSeaways Ship Management was theother reason that so many joined us Lois provided members with her view ofwhat they might expect during the TrumpPresidency We are grateful for her timeand insight She is an excellent as wellas entertaining speaker havingaddressed this group and our CargoConference delegates many times in thepast Thank you Lois
Chris Young ASBA President invitedmembers to take a more active role intheir Association The opportunities aremany Consider volunteering to work onone of our standing committees (DryCargo Tanker Agency Affairs CharterParty and Documentary MembershipEducation American Tanker RateSchedule Entertainmentand YSBA) or the Cargo Conference Iftime doesnt permit committeeparticipation be sure to join us atour social events the golf outing orCargo Conference Our goal isto promote attendance not to makemoney as such your price is our price Make 2017 your year to get involved
Tanker Broker Lunch with
Doug McCormick - Chevron Shipping This years lunch was again a huge
success hosting 120 guests of our
member sponsors that included
Dietze amp Associates LampR Midland MCA
Associates McQuilling Partners MJLF amp
Associates Poten amp Partners
Quincannon Associates
Simpson|Spence|Young and Charles
RWeber Company Thanks for your
continued support Link to Event Photos
BIMCO reports on Cargo FraudWarning Signs
Broker is not known to the owners or their direct brokers
Alleged ports are often (but not always) in Turkey or North African countries
Request to remit funds to a third country with no apparent connection with
any of the parties to the fixture loading or discharge ports
Sudden request to change the account into which funds are to be paid
Communication is by email only and when you call the number provided and
the person answering the broker or charterers phone sounds like the same
person
Broker may have several cargoes in the market at the same time and the
similarities of the contact number of references and agents raise suspicion if
checked in detail
What to do if you are Suspicious
Call involved parties and liaise with a trusted agent in the loading port to
check if cargo is actually available Visit wwwfonasbacom for a listing of
ship agents around the world
Contact Chartering company to check if they have a cargo with description
offered
The crucial point is to check the identity of the involved parties when in doubt and
always before remitting any funds
FONASBA NEWS
FONASBA Quality Standard Webinar shy FQS Webinar Link
Twentyshynine FONASBA country member associations have awarded 427 ship agency and ship brokerage companies the FQS
FONASBA Agency Appointment Agreement Webinar shy AAA Webinar Link
The International Congress of Maritime Arbitrators (ICMA)
Copenhagen Denmark September 25 ndash 29 2017
More than 100 papers will be presented covering recent developments in
international maritime law and arbitration practice There are typically 300
delegates in attendance including arbitrators maritime lawyers PampI
representatives chartering amp claims representatives from ship owners and
charterers as well as ship brokers
The event is sponsored by The Society of Maritime Arbitrators New York NYMAR and others
For more information please visit httpicma2017copenhagenorg
CALENDAR OF EVENTScheck out website for more event and course details
wwwasbaorg March 20 2017 ASBA - BALTIC - Stamford CT March 30-31 2017 Busines of Shipping II - Stamford CT April 6-7 2017 Business of Shipping I - Houston TX April 21 2017 YSBA Lunch with Speaker - Stamford CT April 21 2017 Agency Seminar - New Orleans LA May 4 2017 ASBA Golf Outing - NY Country Club New Hempstead NY August 11 2017 YSBA Yankee Game vs Boston Red Sox - NY Sept 27-29 2017 Annual Cargo Conference - Eden Roc Miami Beach FL
WELCOME NEW AFFILIATE MEMBERS
WELCOME NEW COMPANY MEMBER
International Seaways ShipManagement LLC
600 Third Avenue 39th Floor
New York NY 10016
Tel 212-578-1600
Fax 212-578-1991
vcostanzaintlseascom
wwwintlseascom
Suncor Energy Products Partnership
2489 North Sheridan Way
Mississauga Ontario L5K1A8
Canada
Tel 905-804-8400
Fax 905-804-7556
marineopsuncorcom
wwwsuncorcommarine
Maersk Broker America Inc 177 Broad Street Suite 1051
Stamford CT 06901
Tel 203-351-9859
cfcmaerskbrokercom
wwwmaerskbrokercom
WELCOME NEW ASSOCIATE MEMBER James N Greenlees
12M Group LLC
42 Tarn Drive
Morris Plains NJ 07950
Tel 973-984-1045
jngreenleesyahoocom
Basic Principles ofChartering
Matthew Cruder Alan C Dodd Kyle Jaffee Craig Patterson
Congratulation Students
Shipbroking amp CharteredVessel Operations
Georgios Angelis Anatoly Basanets Jonathan P James Nathan J McKenzie
Business of Shipping I Stamford CT
Sora Kang Wendy K Tan Rebecca Redstone Stanton J Terranova
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
Doug McCormick - Chevron Shipping This years lunch was again a huge
success hosting 120 guests of our
member sponsors that included
Dietze amp Associates LampR Midland MCA
Associates McQuilling Partners MJLF amp
Associates Poten amp Partners
Quincannon Associates
Simpson|Spence|Young and Charles
RWeber Company Thanks for your
continued support Link to Event Photos
BIMCO reports on Cargo FraudWarning Signs
Broker is not known to the owners or their direct brokers
Alleged ports are often (but not always) in Turkey or North African countries
Request to remit funds to a third country with no apparent connection with
any of the parties to the fixture loading or discharge ports
Sudden request to change the account into which funds are to be paid
Communication is by email only and when you call the number provided and
the person answering the broker or charterers phone sounds like the same
person
Broker may have several cargoes in the market at the same time and the
similarities of the contact number of references and agents raise suspicion if
checked in detail
What to do if you are Suspicious
Call involved parties and liaise with a trusted agent in the loading port to
check if cargo is actually available Visit wwwfonasbacom for a listing of
ship agents around the world
Contact Chartering company to check if they have a cargo with description
offered
The crucial point is to check the identity of the involved parties when in doubt and
always before remitting any funds
FONASBA NEWS
FONASBA Quality Standard Webinar shy FQS Webinar Link
Twentyshynine FONASBA country member associations have awarded 427 ship agency and ship brokerage companies the FQS
FONASBA Agency Appointment Agreement Webinar shy AAA Webinar Link
The International Congress of Maritime Arbitrators (ICMA)
Copenhagen Denmark September 25 ndash 29 2017
More than 100 papers will be presented covering recent developments in
international maritime law and arbitration practice There are typically 300
delegates in attendance including arbitrators maritime lawyers PampI
representatives chartering amp claims representatives from ship owners and
charterers as well as ship brokers
The event is sponsored by The Society of Maritime Arbitrators New York NYMAR and others
For more information please visit httpicma2017copenhagenorg
CALENDAR OF EVENTScheck out website for more event and course details
wwwasbaorg March 20 2017 ASBA - BALTIC - Stamford CT March 30-31 2017 Busines of Shipping II - Stamford CT April 6-7 2017 Business of Shipping I - Houston TX April 21 2017 YSBA Lunch with Speaker - Stamford CT April 21 2017 Agency Seminar - New Orleans LA May 4 2017 ASBA Golf Outing - NY Country Club New Hempstead NY August 11 2017 YSBA Yankee Game vs Boston Red Sox - NY Sept 27-29 2017 Annual Cargo Conference - Eden Roc Miami Beach FL
WELCOME NEW AFFILIATE MEMBERS
WELCOME NEW COMPANY MEMBER
International Seaways ShipManagement LLC
600 Third Avenue 39th Floor
New York NY 10016
Tel 212-578-1600
Fax 212-578-1991
vcostanzaintlseascom
wwwintlseascom
Suncor Energy Products Partnership
2489 North Sheridan Way
Mississauga Ontario L5K1A8
Canada
Tel 905-804-8400
Fax 905-804-7556
marineopsuncorcom
wwwsuncorcommarine
Maersk Broker America Inc 177 Broad Street Suite 1051
Stamford CT 06901
Tel 203-351-9859
cfcmaerskbrokercom
wwwmaerskbrokercom
WELCOME NEW ASSOCIATE MEMBER James N Greenlees
12M Group LLC
42 Tarn Drive
Morris Plains NJ 07950
Tel 973-984-1045
jngreenleesyahoocom
Basic Principles ofChartering
Matthew Cruder Alan C Dodd Kyle Jaffee Craig Patterson
Congratulation Students
Shipbroking amp CharteredVessel Operations
Georgios Angelis Anatoly Basanets Jonathan P James Nathan J McKenzie
Business of Shipping I Stamford CT
Sora Kang Wendy K Tan Rebecca Redstone Stanton J Terranova
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
Twentyshynine FONASBA country member associations have awarded 427 ship agency and ship brokerage companies the FQS
FONASBA Agency Appointment Agreement Webinar shy AAA Webinar Link
The International Congress of Maritime Arbitrators (ICMA)
Copenhagen Denmark September 25 ndash 29 2017
More than 100 papers will be presented covering recent developments in
international maritime law and arbitration practice There are typically 300
delegates in attendance including arbitrators maritime lawyers PampI
representatives chartering amp claims representatives from ship owners and
charterers as well as ship brokers
The event is sponsored by The Society of Maritime Arbitrators New York NYMAR and others
For more information please visit httpicma2017copenhagenorg
CALENDAR OF EVENTScheck out website for more event and course details
wwwasbaorg March 20 2017 ASBA - BALTIC - Stamford CT March 30-31 2017 Busines of Shipping II - Stamford CT April 6-7 2017 Business of Shipping I - Houston TX April 21 2017 YSBA Lunch with Speaker - Stamford CT April 21 2017 Agency Seminar - New Orleans LA May 4 2017 ASBA Golf Outing - NY Country Club New Hempstead NY August 11 2017 YSBA Yankee Game vs Boston Red Sox - NY Sept 27-29 2017 Annual Cargo Conference - Eden Roc Miami Beach FL
WELCOME NEW AFFILIATE MEMBERS
WELCOME NEW COMPANY MEMBER
International Seaways ShipManagement LLC
600 Third Avenue 39th Floor
New York NY 10016
Tel 212-578-1600
Fax 212-578-1991
vcostanzaintlseascom
wwwintlseascom
Suncor Energy Products Partnership
2489 North Sheridan Way
Mississauga Ontario L5K1A8
Canada
Tel 905-804-8400
Fax 905-804-7556
marineopsuncorcom
wwwsuncorcommarine
Maersk Broker America Inc 177 Broad Street Suite 1051
Stamford CT 06901
Tel 203-351-9859
cfcmaerskbrokercom
wwwmaerskbrokercom
WELCOME NEW ASSOCIATE MEMBER James N Greenlees
12M Group LLC
42 Tarn Drive
Morris Plains NJ 07950
Tel 973-984-1045
jngreenleesyahoocom
Basic Principles ofChartering
Matthew Cruder Alan C Dodd Kyle Jaffee Craig Patterson
Congratulation Students
Shipbroking amp CharteredVessel Operations
Georgios Angelis Anatoly Basanets Jonathan P James Nathan J McKenzie
Business of Shipping I Stamford CT
Sora Kang Wendy K Tan Rebecca Redstone Stanton J Terranova
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
International Seaways ShipManagement LLC
600 Third Avenue 39th Floor
New York NY 10016
Tel 212-578-1600
Fax 212-578-1991
vcostanzaintlseascom
wwwintlseascom
Suncor Energy Products Partnership
2489 North Sheridan Way
Mississauga Ontario L5K1A8
Canada
Tel 905-804-8400
Fax 905-804-7556
marineopsuncorcom
wwwsuncorcommarine
Maersk Broker America Inc 177 Broad Street Suite 1051
Stamford CT 06901
Tel 203-351-9859
cfcmaerskbrokercom
wwwmaerskbrokercom
WELCOME NEW ASSOCIATE MEMBER James N Greenlees
12M Group LLC
42 Tarn Drive
Morris Plains NJ 07950
Tel 973-984-1045
jngreenleesyahoocom
Basic Principles ofChartering
Matthew Cruder Alan C Dodd Kyle Jaffee Craig Patterson
Congratulation Students
Shipbroking amp CharteredVessel Operations
Georgios Angelis Anatoly Basanets Jonathan P James Nathan J McKenzie
Business of Shipping I Stamford CT
Sora Kang Wendy K Tan Rebecca Redstone Stanton J Terranova
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
Commerical TradeTransactions
Lee Abernathy Garrett L Shackelford
ASSOCIATION OF SHIP BROKERS amp AGENTS (USA) INC 510 Syvlan Avenue Suite 201
Englewood Cliffs NJ 07632
Tel 201-569-2882 - Fax 201-569-9082
Email asbaasbaorg - wwwasbaorg
This email was sent to ltlt Test Email Address gtgt why did I get this unsubscribe from this list update subscription preferences
Association of Ship Brokers amp Agents (USA) Inc middot 510 Sylvan Ave Suite 201 middot Englewood Cliffs NJ 07632 middot USA
