IAM MEMBERSHIP PROTECTIONS Monday, October 8, 2012 1:30 pm – 3:00 pm

IAM MEMBERSHIP PROTECTIONSMonday, October 8, 2012

1:30 pm – 3:00 pm

Brian Limperopulos

Programs Manager

IAM

• The Receivable Protection Program (RPP)

• The IAM Code of Ethics

• Membership Oversight

• Trademark Protection

• Association Partnerships

• Governmental Partnerships

IAM Membership Protections

IAM Initiatives to Protect Your Business


US Military Spending Since World War II

Average Expenditure: Roughly $400 Billion US Dollars Spent Per Year!!

Percentage of Core Members by Region


Europe27%

North Amer-

ica28%

South Amer-

ica 6%

Oceania2%

Africa 8%

Asia29%


2012 New Member Joins

As of September 1, 2012, IAM has added 105 new member companies

Africa10%

Asia45%

Oceania 3%

Europe16%

North America

19%

South America7%


Receivable Protection

Program (RPP)

IAM Code of Ethics

Membership

Oversight

Trademark Infringement

Association Partnerships

Governmental Partnerships

Multi – Layered Strategy to Protect IAM Members


IAM Code of Ethics

IAM Member Ethics Council established on January 1, 2012.

Rick Curry appointed as Ethics Council Chair.

Council is composed of IAM members from diverse regions and industry sectors to provide balance.

Ethics Council adjudicates alleged breaches of the IAM Code of Ethics in accordance with the Code of Ethics

Enforcement Procedures.

First meeting of the Ethics Council to convene this week.

Two Code of Ethics complaints have been submitted to the Council.



Program (RPP)

IAM Code of Ethics

Membership

Oversight






Membership Oversight and Trademark Protection

Steps to Improve Membership Oversight

• Expanded IAM Membership Department

• Implementation of a New Association Management System

• New Membership Requirements

Trademark Protection

• Enhanced Tracking of Members and Non-Members

• Trademark Oversight



Program (RPP)

IAM Code of Ethics

Membership

Oversight






Association and Governmental Partnerships


• PAIMA• AMSA• CAM• FEDEMAC• FIDI• LACMA• Other Regional and National

Associations


• Federal Maritime Commission (FMC)

• Federal Motor Carrier Safety Administration (FMCSA)

• Household Goods Working Group



Program (RPP)

IAM Code of Ethics

Membership

Oversight






Two Questions:

1. How much money will your company lose if one of

your trading partners declares bankruptcy?

2. Does your company have a way of protecting itself in

that event?

IAM Receivable Protection Program (RPP)


• RPP History – Why Was It Created?

• How the RPP works?

• Benefits of RPP membership

1. Ability to Claim and Recover Money on a Bad Invoice

2. Ability to Request IAM Intervention on an Outstanding Payment Dispute

3. Receipt of the IAM Alleged Debtor List at the beginning of every month.

• How to join the RPP?



How does the RPP work?

1. Receivable Protection Insurance

• IAM insures the commercial invoices of all IAM members.

• If an IAM member goes out of business, a claim can be submitted for compensation.

• If all conditions are met, the claimant will receive reimbursement.

• At current participation levels, IAM can pay up to $4,000 USD per claim.

• If more members sign up, we can increase the amount of money that we pay out per claim.




2. Invoice Dispute Resolution Process

• Under this process, RPP members can request IAM intervention on invoice disputes that they have with

other IAM members.

• Debt must be older than 90 days.

• IAM intervenes on your company’s behalf with the Alleged Debtor.

• After a series of steps, your company may request expulsion if debt exceeds $3,000 USD

• If the debt is not resolved in a timely manner, the Alleged Debtor will be placed on the Alleged Debtor List.




3. Alleged Debtor List

• IAM compiles a list of “slow payers.”

• IAM circulates this list to RPP members on the first of every month.

• RPP members gain valuable business knowledge as a result.

The RPP provides a multi-faceted approach to resolving payment issues between IAM

members.



Membership Statistics:

• 131 Members currently enrolled in the RPP

• 108 Members were enrolled at the beginning of 2012



All Other RPP Members85%

Percentage of PAIMA Members15%

Breakdown of RPP Membership



Africa3%

East and Southeast Asia17%

Europe34%

Latin America and Caribbean6%

Middle East and Near Asia9%

North America27%

Oceania4%

RPP Members by Region

Claims Statistics

• IAM received twenty-seven different claims for the 2011 fiscal year.

• In total, IAM paid out $22,384.80 to compensate RPP members whose invoices were not paid by IAM

Members.

• Total amount paid out since inception = $56,369.66 USD

Invoice Dispute Resolution Statistics

• In 2012, IAM intervened on a total of 46 payment complaints

• 22 confirmed resolutions



How to Join the RPP

• Companies interested in joining the RPP must do the following:

1. Complete and Return the RPP Application

2. Complete and Return an Acknowledgment Form

3. Pay the One-Time USD Enrollment Fee of $650.00 USD

• Governing Members in IAM are entitled to a 25% discount on the initiation fee.

• The Enrollment Fee is only paid once.

• After enrollment, your company will have to pay a $100.00 USD RPP Participation Fee each year.

• Small Price to Pay for Some Piece of Mind!



Summary

• IAM is investing in protecting your business!

• Code of Ethics Enforcement

• Greater Membership and Trademark Oversight

• Stronger Bonds with Other Associations and Governmental Entities

• We Need Our Members to Invest in IAM!

• Take the next step and Enroll in the RPP

• Provide Your Company with Financial Coverage, Access to IAM intervention Assistance, and More Information.

To sign up for the RPP or gain greater insight into the Invoice Dispute Resolution Process, please see me at the end of the meeting.

More information can also be found at http://www.iamovers.org/rpp.html or by emailing me at [email protected].



http://www.iamovers.org/rpp.html

mailto:[email protected]

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IAM MEMBERSHIP PROTECTIONS Monday, October 8, 2012 1:30 pm – 3:00 pm

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