Notice of Agreements Filed, 23251-23252 [2013-09091]

Download as PDF Federal Register / Vol. 78, No. 75 / Thursday, April 18, 2013 / Notices levels of risk in the remaining association direct notes. Moreover, because the bank loses a significant source of revenue and capital, it might not be able to increase the cost of funds to the remaining associations to make up for lost revenue while simultaneously increasing their investment requirement to remain adequately capitalized. Without providing assistance to the sizable troubled association to prevent financial contagion, other associations could fail or the bank itself could fail, potentially creating losses to the Insurance Fund. A similar scenario could result with the failure of several smaller associations during a period of severe stress in agriculture. A temporary cash infusion to the bank could counteract the effects of financial contagion, stabilize the district, and help avoid a bank failure. The Corporation would consider structuring assistance so that it would recoup the cost associated with providing assistance. Therefore, if indirect losses can be reasonably estimated, the Corporation may consider such losses in its least-cost test and assistance determination. The third step of the least-cost test is to determine the type and amount of assistance. The cost of providing assistance will depend upon the structure of the assistance. For example, the Corporation’s purchase of distressed assets from a troubled System institution may cost the Insurance Fund more than providing the institution a loan with a repayment plan.27 Moreover, if other System institutions are willing to contribute some of their funds to the troubled System institution to reduce the cost of providing assistance, the Corporation will factor this amount into its least-cost test and assistance determination. The final step in the least-cost test is to compare the cost of liquidation to the cost of providing assistance. If the cost of providing assistance from the Insurance Fund is less than the cost of liquidating a troubled System institution (to the Insurance Fund), the Corporation’s Board of Directors, in its discretion, may approve assistance to the troubled System institution. As required by statute, the Corporation shall use the information it receives during its least-cost determination to evaluate the alternatives, document the evaluation and the assumptions on which the evaluation is based, and retain the documentation for not less than 5 years. Matters concerning participation in civil actions or proceedings or arbitration Internal personnel rules and procedures or matters affecting a particular employee * * * * * PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer. Telephone: (202) 694–1220. Assistance Agreements Shelley E. Garr, Deputy Secretary of the Commission. If the Corporation provides assistance, it will enter into an agreement with the System institution receiving assistance. The terms and conditions of the agreement will be determined on a caseby-case basis and may include limits on (or prior approval of) the types or amounts of activities the institution can engage in while assistance is outstanding. For example, assistance agreements might include repayment terms and limits on concentration risk, patronage and dividend payments, executive compensation, and certain types of expenses. Assistance agreements may also provide the Corporation the right to have a representative attend the institution’s board meetings. Each assistance agreement will be subject to the Corporation’s Board of Directors’ approval. While assistance agreements are outstanding, the Corporation will use its examination authority to ensure compliance with the agreement. Moreover, the Corporation will require the System institution receiving assistance to certify and publicly disclose compliance with the agreement requirements, including the disclosure of any instances of material noncompliance with the agreement. Dated: April 12, 2013. Mary Alice Donner, Acting Secretary to the Board, Farm Credit System Insurance Corporation. [FR Doc. 2013–09165 Filed 4–17–13; 8:45 am] BILLING CODE 6710–01–P FEDERAL ELECTION COMMISSION Sunshine Act Meeting Federal Election Commission. & TIME: Tuesday, April 23, 2013 at 10:00 a.m. PLACE: 999 E Street NW., Washington, DC. STATUS: This meeting will be closed to the public. ITEMS TO BE DISCUSSED: Compliance matters pursuant to 2 U.S.C. 437g Audits conducted pursuant to 2 U.S.C. 437g, 438(b), and Title 26, U.S.C. AGENCY: sroberts on DSK5SPTVN1PROD with NOTICES 27 In the event the Corporation exercises its discretion to provide assistance, in most cases assistance would be provided to the funding bank, regardless of whether the troubled System institution is a bank or an association. For example, the Corporation may provide the funding bank a collateralized loan, purchase subordinated debt from the funding bank, or enter into a loss-sharing agreement with the funding bank to either restore the funding bank or its affiliated association (or both) to normal operations. If the assistance can be structured with a repayment feature, it is likely to be the least costly means of providing assistance of all possible alternatives available to the Corporation. VerDate Mar<15>2010 18:54 Apr 17, 2013 Jkt 229001 23251 DATE PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 [FR Doc. 2013–09245 Filed 4–16–13; 4:15 pm] BILLING CODE P FEDERAL MARITIME COMMISSION Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments on the agreements to the Secretary, Federal Maritime Commission, Washington, DC 20573, within ten days of the date this notice appears in the Federal Register. Copies of the agreements are available through the Commission’s Web site (www.fmc.gov) or by contacting the Office of Agreements at (202)–523–5793 or tradeanalysis@fmc.gov. Agreement No.: 010979–054. Title: Caribbean Shipowners Association. Parties: CMA CGM, S.A.; Seaboard Marine, Ltd.; Seafreight Line, Ltd.; Tropical Shipping and Construction Company Limited; and Zim Integrated Shipping Services, Ltd. Filing Party: Wayne R. Rohde, Esq.; Cozen O’Connor, 1627 I Street NW., Washington, DC 20006. Synopsis: The amendment would add King Ocean Services Limited as a party to the agreement. Agreement No.: 012204. Title: ELJSA/Hanjin Shipping Slot Exchange Agreement. Parties: Evergreen Line Joint Service Agreement and Hanjin Shipping. Filing Party: Paul M. Keane, Esq.; Cichanowicz, Callan, Keane, Vengrow & Textor, LLP; 61 Broadway, Suite 3000, New York, NY 10006–2802 Synopsis: The agreement authorizes the parties to exchange space on each other’s services in the trade between China, Taiwan, and Vietnam, on the one hand, and the U.S. West Coast, on the other hand. Agreement No.: 012205. Title: ELJSA/COSCON Slot Exchange Agreement. Parties: Evergreen Line Joint Service Agreement and Cosco Container Lines Company Limited. E:\FR\FM\18APN1.SGM 18APN1 23252 Federal Register / Vol. 78, No. 75 / Thursday, April 18, 2013 / Notices Filing Party: Paul M. Keane, Esq.; Cichanowicz, Callan, Keane, Vengrow & Textor, LLP; 61 Broadway, Suite 3000, New York, NY 10006–2802. Synopsis: The agreement authorizes the parties to exchange space on each other’s services in the trade between China, Hong Kong, and Taiwan on the one hand, and the U.S. West Coast, on the other hand. Dated: April 12, 2013. By Order of the Federal Maritime Commission. Rachel E. Dickon, Assistant Secretary. [FR Doc. 2013–09091 Filed 4–17–13; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION sroberts on DSK5SPTVN1PROD with NOTICES Ocean Transportation Intermediary License Revocations The Commission gives notice that the following Ocean Transportation Intermediary licenses have been revoked pursuant to section 19 of the Shipping Act of 1984 (46 U.S.C. 40101) effective on the date shown. License No.: 2078F. Name: Ambassador Brokers, Inc. Address: 40 Pearl Street, Braintree, MA 02184. Date Revoked: March 27, 2013. Reason: Failed to maintain a valid bond. License No.: 003445F. Name: Nedlloyd Logistics, Inc. Address: Giralda Farms, Madison Avenue, Madison, NJ 07940. Date Revoked: March 29, 2013. Reason: Failed to maintain a valid bond. License No.: 3677F. Name: Super Cargo International Services, Inc. Address: 5519 NW 72nd Avenue, Miami, FL 33166. Date Revoked: March 22, 2013. Reason: Failed to maintain a valid bond. License No.: 16761NF. Name: Transunion America, Inc. Address: 20 West Lincoln Avenue, Suite 206, Valley Stream, NY 11580. Date Revoked: March 24, 2013. Reason: Failed to maintain valid bonds. License No.: 018413N. Name: Chicago Int’l Forwarder Incorporated. Address: 301 Oliver Court, Westmont, IL 60559. Date Revoked: March 24, 2013. Reason: Failed to maintain a valid bond. License No.: 018798N. VerDate Mar<15>2010 18:54 Apr 17, 2013 Jkt 229001 Name: Beyond Shipping, Inc. Address: 4030 Valley Blvd., Suite 106, Walnut, CA 91789. Date Revoked: March 31, 2013. Reason: Failed to maintain a valid bond. License No.: 018824N. Name: Christopher Onyekwere dba Maritime Services. Address: 3639 Campfield Court, Katy, TX 77449. Date Revoked: March 24, 2013. Reason: Failed to maintain a valid bond. License No.: 018839N. Name: Aliana Express, Inc. Address: 11100 E. Artesia Blvd., Suite H, Cerritos, CA 90703. Date Revoked: March 24, 2013. Reason: Failed to maintain a valid bond. License No.: 020337F. Name: WTG Logistics, Inc. dba WTG International. Address: 140 Epping Road, Exeter, NH 03833. Date Revoked: March 27, 2013. Reason: Failed to maintain a valid bond. License No.: 020734NF. Name: Sil, LLC. dba Air Ocean USA, LLC. dba Superior International Logistics Address: 4471 NW 36th Street, Suite 240, Miami Springs, FL 33166. Date Revoked: February 28, 2013. Reason: Failed to maintain valid bonds. License No.: 020953N. Name: Gold Cargo Freight, Corp. Address: 8233 NW 68th Street, Miami, FL 33166. Date Revoked: March 21, 2013. Reason: Failed to maintain a valid bond. License No.: 021083N. Name: Jeepney Express Padala, Inc. dba Jeepney Express dba Kalesa Express dba Victory Cargo. Address: 2647 West Woodland Drive, Anaheim, CA 92801. Date Revoked: March 24, 2013. Reason: Failed to maintain a valid bond. License No.: 021170NF. Name: Ocean Star Logistics Inc. Address: 428 S. Atlantic Blvd., Suite 203, Monterey Park, CA 91754. Date Revoked: March 24, 2013. Reason: Failed to maintain valid bonds. License No.: 021305N. Name: PJC Freightways, Inc. Address: 7900 NW 68th Street, Miami, FL 33166. Date Revoked: March 18, 2013. Reason: Failed to maintain a valid bond. PO 00000 Frm 00049 Fmt 4703 Sfmt 4703 License No.: 021440N. Name: Coreana Express (Sea-Tac) Inc. Address: 6858 South 220th Street, Kent, WA 98032. Date Revoked: March 24, 2013. Reason: Failed to maintain a valid bond. License No.: 021707N. Name: Seamen Freight Logistics, Inc. Address: 155–06 South Conduit Avenue, Suite 203–A, Jamaica, NY 11434. Date Revoked: March 29, 2013. Reason: Failed to maintain a valid bond. License No.: 023628F. Name: Global Cargo Connection, Inc. Address: 2775 W. Okeechobee Road, Lot 146, Hialeah, FL 33010. Date Revoked: March 22, 2013. Reason: Failed to maintain a valid bond. James A. Nussbaumer, Deputy Director, Bureau of Certification and Licensing. [FR Doc. 2013–09063 Filed 4–17–13; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary License Applicants The Commission gives notice that the following applicants have filed an application for an Ocean Transportation Intermediary (OTI) license as a NonVessel-Operating Common Carrier (NVO) and/or Ocean Freight Forwarder (OFF) pursuant to section 19 of the Shipping Act of 1984 (46 U.S.C. 40101). Notice is also given of the filing of applications to amend an existing OTI license or the Qualifying Individual (QI) for a licensee. Interested persons may contact the Office of Ocean Transportation Intermediaries, Federal Maritime Commission, Washington, DC 20573, by telephone at (202) 523–5843 or by email at OTI@fmc.gov. Blade Express, Inc. dba B.E. Logistics, Inc. dba BE Logistics dba Belogistics dba Core Logistics (NVO), 12911 Simms Avenue, Hawthorn, CA 90250, Officers: Kathleen Martin, Secretary (QI), Daniel Dvorsky, President/ Treasurer, Application Type: New NVO License Global Expeditors, Limited Liability Company (NVO & OFF), 4 Englehard Avenue, Avenel, NJ 07001, Officer: Robert J. O’Neill, Member (QI), Application Type: QI Change M2K Consulting, Inc. dba Argo Shipping Company (NVO & OFF), 621 East Olive Avenue, Suite 104, E:\FR\FM\18APN1.SGM 18APN1

Agencies

[Federal Register Volume 78, Number 75 (Thursday, April 18, 2013)]
[Notices]
[Pages 23251-23252]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-09091]


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FEDERAL MARITIME COMMISSION


Notice of Agreements Filed

    The Commission hereby gives notice of the filing of the following 
agreements under the Shipping Act of 1984. Interested parties may 
submit comments on the agreements to the Secretary, Federal Maritime 
Commission, Washington, DC 20573, within ten days of the date this 
notice appears in the Federal Register. Copies of the agreements are 
available through the Commission's Web site (www.fmc.gov) or by 
contacting the Office of Agreements at (202)-523-5793 or 
tradeanalysis@fmc.gov.
    Agreement No.: 010979-054.
    Title: Caribbean Shipowners Association.
    Parties: CMA CGM, S.A.; Seaboard Marine, Ltd.; Seafreight Line, 
Ltd.; Tropical Shipping and Construction Company Limited; and Zim 
Integrated Shipping Services, Ltd.
    Filing Party: Wayne R. Rohde, Esq.; Cozen O'Connor, 1627 I Street 
NW., Washington, DC 20006.
    Synopsis: The amendment would add King Ocean Services Limited as a 
party to the agreement.
    Agreement No.: 012204.
    Title: ELJSA/Hanjin Shipping Slot Exchange Agreement.
    Parties: Evergreen Line Joint Service Agreement and Hanjin 
Shipping.
    Filing Party: Paul M. Keane, Esq.; Cichanowicz, Callan, Keane, 
Vengrow & Textor, LLP; 61 Broadway, Suite 3000, New York, NY 10006-2802
    Synopsis: The agreement authorizes the parties to exchange space on 
each other's services in the trade between China, Taiwan, and Vietnam, 
on the one hand, and the U.S. West Coast, on the other hand.
    Agreement No.: 012205.
    Title: ELJSA/COSCON Slot Exchange Agreement.
    Parties: Evergreen Line Joint Service Agreement and Cosco Container 
Lines Company Limited.

[[Page 23252]]

    Filing Party: Paul M. Keane, Esq.; Cichanowicz, Callan, Keane, 
Vengrow & Textor, LLP; 61 Broadway, Suite 3000, New York, NY 10006-
2802.
    Synopsis: The agreement authorizes the parties to exchange space on 
each other's services in the trade between China, Hong Kong, and Taiwan 
on the one hand, and the U.S. West Coast, on the other hand.

    Dated: April 12, 2013.

    By Order of the Federal Maritime Commission.
Rachel E. Dickon,
 Assistant Secretary.
[FR Doc. 2013-09091 Filed 4-17-13; 8:45 am]
BILLING CODE 6730-01-P
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