GFP – The Global Forwarding Partners Inc2014 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 Feesto 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 – MANILA VANESP - OPORTO• PRIME FREIGHT – SEOUL CONTAINER FREIGHT -BAHRAIN• UNIVERSAL – KARACHI DANSK - COPENHAGEN• PT FORIN – BALI MERTRANS - ISTANBUL• PT ATT – JAKARTA SUMMIT GLOBAL – MEL & SYD• TGL – SHANGHAI UNION FREIGHT - BANGKOK• HERITAGE – LONDON FTS - CHICAGO• BVT – BRASIL TRI-STAR - BRUNEI• TRANSTACT – MADRID NAVIGATIONAL – NEW YORK• UNIVERSAL - HONG KONG WORLDGATE – KUALA LUMPUR• POWERTRANS – BANGLADESH AJ INTERNATIONAL – PARIS• FAF – SINGAPORE SNEDDENS - 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 MEMBERSINCREASED FUNDING, ASSISTANCE TO PROVIDE FULL TIME ADMIN TEAM, PAID CHAIRMAN, BOARD.MARKETING & SOFTWARE PROGRAMMEGREATER EXPOSUREINCREASED BUSINESS CONTRIBUTIONCONTRACT RATESE COMMERCE OPPORTUNITIESINVITATION TO EACH OTHERS AGM/MEETINGSDECISIONS ONLY MADE FROM MAJORITY APPROVAL

GLOBAL LOGISTICS FUNDBy 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 membersEnhanced business synergy between network membersMember business confidence with reduced payment riskFDRS website/newsletter GLF member ListingGFP 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 GLOBALLOGISTICS FUND AND IT WILL BE OPEN TO ALL ENROLLED OFFICES OFEACH MEMBER COMPANYFOR 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 GFPWHICH 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 10,000PER PARTICIPATING COMPANY AND THE MAXIMUM TO BE PAID OUT IN ALLCLAIMS 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-OUTLIMITS 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 promotingThe Global Fund to their members as part of the membership criteria –

SPECIALIST FREIGHT NETWORKWORLD FREIGHT NETWORKGFP – GLOBAL FORWARDING PARTNERSTMIWWPCGLOBAL LOGISTICS CLUBCHINA LOGISTICS CLUBTWIG

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 1st 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 invoicesand 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 administrationfree 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 can 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 theGLF ( this provided by the GLF ) this gives any partner the easy decision to work withthe 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 payersVia 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 AGENTThe 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 stageTo offer a larger pay out option like – max pay – out amount per claimant p.aUSD 20,000 ( now set at USD 10,000 ) In that case we could look to increase theFees 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 PRESENTEDTHE GLOBAL LOGISTIC FUND TO THE GFP GLOBAL FORWARDINGPARTNERS

I AM SORRY THAT I CANNOT ATTEND YOUR 10TH AGM IN PERSON DUE TO THE ANNUAL FIATA MEETING

WE HOPE THAT THE PARTNERS OF THE GFP WILL SEE THE FUND ASA GREAT BENEFIT TO THEIR BUSINESS AND A REASONABLE COSTAND 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 NETWORKSSUCH AS THE GFP AND WE LOOK FORWARD TO WELCOMING YOU TO OUR FUND

APPLICATION CAN BE MADE TODAY WITH THE GFP SECRETARY

WWW.SKYTEAM.COM

DECEMBER 2012 GFP BECOMES A FOUNDER MEMBER OF CIFFNCIFFN SUPPORTS “ACTUAL” LOGISTICS NETWORKS CIFFN TO PREVENT “ROGUE FORWARDERS/SUSPECT NETWORKS”CIFFN TO OFFER MEMBERSHIP PROTECTIONCIFFN 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 $48,781.92Balance Sheet due 1.3.15