Presentation on theme: "GFP – The Global Forwarding Partners Inc 2014 AGM MADRID Host : TRANSTACT CARGO “The Caring & Sharing Network across the Globe”"— Presentation transcript:
GFP – The Global Forwarding Partners Inc 2014 AGM MADRID Host : TRANSTACT CARGO “The Caring & Sharing Network across the Globe”
NON ATTENDANCE “it is with much regret that neither myself or Syed can attend the AGM – have fun in Madrid and best wishes from Klaus & Quality Cargo in Damman” “Unfortunately I can’t travel to Madrid to bad health over the last few months, say Hi to all my GFP family, Garry Sneddens New Zealand” “So sorry not to make Madrid, Best wishes from Valerio & Gianni, CTO Florence” “To Richard & GFP Family, due to VISA issues in Egypt we cannot travel to Madrid, thank the family for the support and wish you a healthy AGM, Magdi – MENA EGYPT” “To my Brothers & Sisters of the GFP – I am sorry not to make Madrid but see you next year, regards Amin – Powertrans, Bangladesh” “To our Respected GFP Partners, sorry we cannot make Madrid Meeting but we will see you in 2015 – good luck to Host ! Regards Ms Voralak Union Freight BKK” “To Richard & Ronald and GFP Partners, regret deeply not to make the Madrid Meeting but all our best wishes from AA Freight Taiwan” “Sorry not to see you all in Madrid! Boniface & BS Lim Tri-Star Brunei” “Richard, sorry not to be in Madrid but Dr Parisi is now FIATA President and we will be in Turkey for the FIATA Meeting, best wishes to all, Helmut Parisi Grand China”
Would all GFP Partners who still have Membership Fees & Attendance Fees to pay, please kindly settle these charges with Carl le Clair AGM Treasurer during the coffee break – Thank you !
GFP FOUNDER MEMBER AWARDS FAST INFO LINK – MANILAVANESP - OPORTO PRIME FREIGHT – SEOULCONTAINER FREIGHT -BAHRAIN UNIVERSAL – KARACHIDANSK - COPENHAGEN PT FORIN – BALIMERTRANS - ISTANBUL PT ATT – JAKARTASUMMIT GLOBAL – MEL & SYD TGL – SHANGHAIUNION FREIGHT - BANGKOK HERITAGE – LONDONFTS - CHICAGO BVT – BRASIL TRI-STAR - BRUNEI TRANSTACT – MADRIDNAVIGATIONAL – NEW YORK UNIVERSAL - HONG KONGWORLDGATE – KUALA LUMPUR POWERTRANS – BANGLADESHAJ INTERNATIONAL – PARIS FAF – SINGAPORESNEDDENS - AUCKLAND
GFP Board 2014 Chairman – Mr Stephen McKittrick Secretary – Miss Angelica Lima AGM Treasurer – Mr Carl leClair Honourable Advisor – Mr Ronald Lee Vice Chairman – Mr Farrukh Iqbal Senior Board Member – Mr Claude Moritz (AJ France), Mr Andy Wong (Universal) & Mr Sony Sebastian ( Fusion Shipping ) Website – Prem Khanna Auditors – East West Brunei Addy Jenn
LUCKY TICKET DUE TO OUR CELEBRATION OF 10 YEARS 2 X TICKETS WILL BE DRAWN (Business Class Flight to Next AGM or value $2500) Cost per raffle ticket $100 or Euro 100 Draw will take place Friday Noon
NEW PARTNERS 2014 DAXEL -ITALY ASTRA LOGISTICS -JORDAN PHOENIX - GREECE FAST FORWARD GROUP- NIGERIA ONLINE -MOROCCO HNM GLOBAL LOGISTIC – AUSTIN TX WE DEANE BENELUX SUMUKHA LOGISTICS – BANGALORE RAZ MARITIME – RIYADH USI FREIGHT SOLUTION – JEDDAH DESTRIERO – MILANO CTO – FLORENCE FAST TRANSIT LOGISTICS – COLOMBO ICAT LOGISTICS - BALTIMORE
LOG PARTNERS (An independant global network) BENEFITS TO GFP PARTNERS POTENTIAL INCREASE OF MEMBERS INCREASED FUNDING, ASSISTANCE TO PROVIDE FULL TIME ADMIN TEAM, PAID CHAIRMAN, BOARD. MARKETING & SOFTWARE PROGRAMME GREATER EXPOSURE INCREASED BUSINESS CONTRIBUTION CONTRACT RATES E COMMERCE OPPORTUNITIES INVITATION TO EACH OTHERS AGM/MEETINGS DECISIONS ONLY MADE FROM MAJORITY APPROVAL
GLOBAL LOGISTICS FUND By Forwarders Debt Recovery Services
The aim of the fund is to provide compensation protection for monies lost due to non payment of invoices between your participating network members. FDRS will have a dedicated chapter for the Global Logistic Fund on its website at which participating networks will appear. BENEFITS Additional powerful network service offering for your members Enhanced business synergy between network members Member business confidence with reduced payment risk FDRS website/newsletter GLF member Listing GFP WEBSITE will indicate their members who have payment protection, giving other members a peace of mind when trading
PRE-CONDITIONS : ELIGIBLE PARTICIPANTS MUST HAVE BEEN A MEMBER OF THE GFP FOR A MINIMUM OF 2 YEARS PARTICIPANTS WHO APPEAR ON THE FDRS BLACKLIST WILL BE EXCLUDED FDRS, ALONG WITH THE GFP SECRETARY WILL ADMINSITER THE GLOBAL LOGISTICS FUND AND IT WILL BE OPEN TO ALL ENROLLED OFFICES OF EACH MEMBER COMPANY FOR EXAMPLE, A COMPANY THAT HAS 3 BRANCHES IN ONE COUNTRY WOULD BE REQUIRED TO REGISTER AND PAY FOR ALL BRANCHES TO RECEIVE FULL PAYMENT COVER FDRS WILL PROVIDE A QUARTERLY STATEMENT OF ACCOUNT TO THE GFP WHICH WILL DETAIL PAID OUT AMOUNTS, BALANCES AND THE FUND FOR FUTURE CLAIMS IT IS PROPOSED THAT THE MEMBERSHIP FEE WILL BE USD 500 PER YEAR PER MEMBER OFFICE. THE COMPENSATION AMOUNT IS LIMITED TO USD 10,000 PER PARTICIPATING COMPANY AND THE MAXIMUM TO BE PAID OUT IN ALL CLAIMS IN ANY 12 MONTH PERIOD SHALL NOT EXCEED USD 100,000. THE INTENTION OF THE FUND US TO LET IT GROW AND LET THE PAY-OUT LIMITS GROW ACCORDINGLY
Q&A WHO HAS CURRENTLY SIGNED UP TO THE FUND On our website you will find 8 participating Global Networks who are each promoting The Global Fund to their members as part of the membership criteria – SPECIALIST FREIGHT NETWORK WORLD FREIGHT NETWORK GFP – GLOBAL FORWARDING PARTNERS TMI WWPC GLOBAL LOGISTICS CLUB CHINA LOGISTICS CLUB TWIG WHEN DOES THE FUND START As many networks hold their AGM in the later part of the year, we have decided to commence the fund on 1 st January 2015 HOW DOES THE FUND WORK IN TERMS OF A CLAIM ? Claims to the fund must be filled within 150 days of the date of the unpaid invoices and during the cover period. No claims will be accepted for invoices less than 90 days old.
HOW MANY MEMBERS DO YOU EXPECT TO JOIN ? Of course, every member,every office from every network would be wonderful but We encourage the GFP Board to promote this as we see this as an administration free payment protection service which benefits not just the GFP but agents that the GFP Partners also work with who are members of other organisations. We have already 5 of the GFP Partners signed up. We would prefer after AGM Presentation, we sign up at least 25% of the GFP. Remember the fund will only pay out if both parties are signed up to the GLF. HOW DO WE SIGN UP ? It’s simple, via a simple application form via the website www.fdrs-ltd.com or you canwww.fdrs-ltd.com appoint your Secretary to act on behalf of the GFP COST ? USD 500 per member, per office, per year HOW DO WE KNOW WHO IS A MEMBER? On the GFP WEBSITE the Payment Protection Members will be shown with a logo of the GLF ( this provided by the GLF ) this gives any partner the easy decision to work with the other knowing they have payment protection
WHO REPORTS THE AMOUNT IN THE FUND ? The Global Logistics Fund reports the fund values, the claims and the non payers Via the website which is updated weekly. The claims will also show the number of Agents involved and the amount of each claim. HOW DO WE START A CLAIM ? Via the website their is a Members Log In and the claim form can be downloaded And past for judgement. On approval both parties enter into a claim. That claim will show on the website and already will highlight a NON PAYING AGENT The idea of the Fund is also to stop and blacklist ROGUE FORWARDERS WILL THE COST OF THE FUND INCREASE ? No, for now we will keep the fund at the fees agreed. We may decide at a later stage To offer a larger pay out option like – max pay – out amount per claimant p.a USD 20,000 ( now set at USD 10,000 ) In that case we could look to increase the Fees for those who prefer a higher cover level WHO MANAGES THE FUND ? The fund is managed entirely by the FDRS – Forwarders Dept Recovery Service.
A SPECIAL THANKS TO RICHARD LITTLEFIELD WHO HAS PRESENTED THE GLOBAL LOGISTIC FUND TO THE GFP GLOBAL FORWARDING PARTNERS I AM SORRY THAT I CANNOT ATTEND YOUR 10 TH AGM IN PERSON DUE TO THE ANNUAL FIATA MEETING WE HOPE THAT THE PARTNERS OF THE GFP WILL SEE THE FUND AS A GREAT BENEFIT TO THEIR BUSINESS AND A REASONABLE COST AND WE HOPE THAT YOU ALL ALL LEAVE THE AGM BEING SIGNED UP MEMBERS OF THE GLF THE GLF IS PROUD TO BE ASSOCIATED WITH CREDITABLE NETWORKS SUCH AS THE GFP AND WE LOOK FORWARD TO WELCOMING YOU TO OUR FUND APPLICATION CAN BE MADE TODAY WITH THE GFP SECRETARY
DECEMBER 2012 GFP BECOMES A FOUNDER MEMBER OF CIFFN CIFFN SUPPORTS “ACTUAL” LOGISTICS NETWORKS CIFFN TO PREVENT “ROGUE FORWARDERS/SUSPECT NETWORKS” CIFFN TO OFFER MEMBERSHIP PROTECTION CIFFN TO PROMOTE MEMBERS TO SHIPPING LINES/IATA CIFFN TO SPONSOR GFP & CONTINUE AWARENESS IN PUBLICATIONS
HELP TO PROTECT OUR PARTNERS PROFIT GFP supports and encourages actual buy rates exchanged GFP supports a MINIMUM PROFIT PROTECTION of USD 25 GFP SUPPORTS FAIR PROFIT SHARE BETWEEN MEMBERS
Criteria for Membership To become a Partner of the GFP – Recommendation or Application via Web Page – 2 Trade References – 1 Reference from IATA or similar association – Freight Liability Policy – Standard Trading Conditions – Disclosure of Company investors/owners – New GFP Partners must enter Global Fund
Partners Responsibility Update company profile through web administrator Report delayed accounting to Secretary after 45-60 days Highlight any concerns/issues/problems Update annually Membership Renewal and Freight Liability Insurance Exchange Agency Agreements Decide between each other Credit Limit and report if outside it To recommend and promote the GFP internally and externally To look at development within GFP and continue to promote and contribute to the network Financial Obligation
Current Balance 17.10 $48,781.92 Balance Sheet due 1.3.15