Right Targets - Amazon AWS

Right TargetsHITTING THE

ANNUAL REPORT 2008

2 SingaporeLogisticsAssociation • Vision • Mission • Objects • OrganisationStructure3 Chairman’sAddress4 TheCouncil6 Membership8 CorporateSLA10 International&IndustryRelations14 MaritimeCargo17 AirCargo18 LandTransportation20 LogisticsServices22 e-Logistics/Technology24 Training&Development28 LocalEnterpriseandAssociationDevelopmentProgramme38 IndependentAuditor’sReporttoMembersofSLA • BalanceSheetasat31December2008 • Income&ExpenditureAccountfortheFinancialYearEnded31December2008 • StatementofCashFlowsfortheFinancialYearEnded31December2008 • NotestotheFinancialStatementsfortheFinancialYearEnded31December200855 MembersofSLA64 MembersoftheSingaporeRegistryofAccreditedMultimodalTransportOperators

Contents

Like a top archer who epitomises poise, focus

and aims at a definite mark, the Singapore

Logistics Association likewise, is dedicated in

fulfilling its many objectives and achieving

the targets set for the year.

VisionObjects

Mission

Major contributor to

promote Singapore as

a world-class hub.

To promote, protect and develop a sound logistics industry

generally, in close cooperation and consultation with any

government authority, department or body, the private sector or

any other person.

To develop, promote and enhance Singapore as a regional

and international logistics centre with a reputation for

reliability, integrity and high standards in logistics practice and

management.

To represent, protect and promote the interests of members

generally, to seek the support and assistance of any government

authority, department or body, the private sector or any other

person.

Promote professionalism

and excellence of the

logistics industry.

Organisation

Structure

International & Industry RelationsQuek Keng Liang

Advisory Panel The CouncilCorporate Affairs

Stanley Ong

e-Logistics / TechnologyDennis Quek

Maritime CargoWolfgang Laube

Air CargoGerry Tan

Land TransportationPoh Key Boon

Logistics ServicesLim Boon Kwong

Training & DevelopmentThomas Sim

2 SINGAPORE LOGISTICS ASSOCIATIONANNUAL REPORT 2008/

The tumultuous 2008 would go down in history as unprecedented economic whitewater turbulence. The global economy turned turtle. Governments and businesses struggled to find answers to arrest the fast deteriorating situation. The Singapore economy did reasonably well in the first three quarters of the year, but we are not spared. In the throes of the difficult operating environment, much has been said and written about the global recession and its aftermath on Singapore’s economy and businesses. With inputs from members, the Council was in active engagement with the government agencies for much needed relief schemes to assist companies overcome the immediate challenges of declining business activities. Against this backdrop, the Association soldiered on stoically in the execution of our mission. Akin to the arrow propelled from the archer’s drawn bow, we speed towards the target to level up the industry’s profile and competencies. The various projects in our LEAD program commenced with much vigor and support from agencies, consultants and members.

The emphasis is to help members conserve and consolidate in this downtime. Concurrently, we provide the framework and platform for members to build for the future. The launch of the SLA Training Centre, on 25 August, is a propitious milestone; the culmination of the dream and hard work of many individuals who envisioned the set-up of the institution. Coupled with more runs of our much acclaimed diploma programs and new industry-related courses like supply-chain security, we are well placed to help members boost the skill set of their human capital. It is heartening to note that members responded overwhelming with the total number of training placements reaching 1244, up by more than 33% from 2007.

The signing of the MOU with UniSIM on collaboration to develop the Bachelor degree is momentous. When it is launched in July 2009, it will provide aspiring practitioners the avenue to advance beyond the diploma qualification. The scholarship program, co-sponsored by SLA and member-companies, accentuates the motivation for deserving applicants to pursue degree programs in logistics and supply chain management, building the much needed talent pool for the industry.

The Association continues to be in the forefront of leading and promulgating new standards and guidelines. Case in point is when the Workplace and Safety and Health Act was extended to cover the logistics and transportation sector in April 2008, four SLA Council Members are active in committees set up under the purview of the WSH Council to promotion its cause. The publication of the Practitioner’s Definitive Guide: Warehouse Practices is another hit on the target of excellence promotion.

In a crisis, business and investment opportunities abound. The Association organized events for members to explore possible business linkages. The Logistics Business Mission to Australia in July and seminar on “Supply Chain Development in Europe” in December are such examples. In archery, “Kairos”, an ancient Greek word, refers to an opening, or opportunity or, more precisely, a momentary long tunnel-like aperture through which the arrow has to pass. Like archers, members must seize upon such crucial moments to accurately and skillfully exploit successful business linkup.

Year 2008 saw a bumper crop of 46 new members added to the membership. However, 16 other corporations ceased membership, largely the result of consolidation of the industry. The membership achieved a net gain of 8% to 408.

We are thankful for the confidence and support of members and your participation in the various activities of the Association. Events like the 35th Anniversary Gala are occasions for the fraternity to network and strengthen our ties. By bonding, we can make this industry an example of how we can overcome the odds, excel together and “Hitting the Right Targets”.

On behalf of the Council, I wish to confer the staff the accolades and sincere appreciation for their steadfastness and dedication to the call of duties. We are indeed blessed with a team of professional secretariat staff.

To my fellow Council Members, thank you for staying the course. Your encouragement, wise counsel and teamwork provide the soothing balm for overcoming the rough edges along the path.

Mr Quek Keng LiangChairman

Chairman’s

Address

3SINGAPORE LOGISTICS ASSOCIATIONANNUAL REPORT 2008 /

The Council

The Council, elected at the 34th Annual General Meeting (AGM) of the association held on

30 May, would serve a 2-year term 2008/09.

The office-bearers were elected during the Council Meeting following the AGM.

Mr Quek Keng LiangChairmanKeppel Logistics Pte Ltd

Mr Thomas Sim1st Deputy ChairmanInternational Freight Consultants (S) Pte Ltd

Mr Dennis Quek 2nd Deputy ChairmanSingapore Post Ltd

Mr Stanley Ong Honorary Secretary Worldscope Shipping Pte Ltd

Mr John Lim Deputy Honorary SecretaryK C Dat (Singapore) Pte Ltd

Mr Lim Boon KwongHonorary Treasurer Freight Links Express Pte Ltd

Mr Poh Key BoonDeputy Honorary TreasurerPoh Tiong Choon Logistics Ltd


Mr Quek Keng LiangChairmanKeppel Logistics Pte Ltd

Mr Thomas Sim1st Deputy ChairmanInternational Freight Consultants (S) Pte Ltd

Mr Dennis Quek 2nd Deputy ChairmanSingapore Post Ltd

Mr Poh Key BoonDeputy Honorary TreasurerPoh Tiong Choon Logistics Ltd

Mr Sharafdeen s/o Abdul Rasak Council MemberSea-Shore Transportation Pte Ltd

Mr Gerry TanCouncil MemberGriffin Kinetic Pte Ltd

Mr Teo Woon HunCouncil MemberGoldin Enterprise Pte Ltd

Mr Kay Kong SwanCouncil MemberOCWS Logistics Pte Ltd

Mr Wolfgang LaubeCouncil MemberLogwin Air + Ocean (S) Pte Ltd

Mr Stanley Lim PBM

Council MemberAcon Global Logistics Pte Ltd (up to 28 November)Seagull Marine Services Pte Ltd (with effect from 28 November)

Missing from picture:Mr Tan Chuan HockCouncil Member (30 May to 21 July)GKE Express Logistics Pte Ltd


MembershipThe membership strength of the association grew steadily since its inception 35 years ago.

Throughout the year 2008, the association admitted 46 companies, recording 8% growth to

a total of 408 members.

Of these, 38% joined SLA in the last 3 years and another 27% had a long-standing

membership status of more than 10 years with the association. Together they comprised

354 Ordinary Members and 54 Associate Members.

These member-companies covered a diverse scope of logistics activities spanning

international freight forwarding, warehousing & distribution operations, container deport

operations, transport services, postal parcels, relocations and move management specialists.

Others as Associate Members provide logistics ancillary activities encompassing insurance,

information & communication technology, education institutions, financial services etc.

Ordinary MembersAhlers Singapore Pte Ltd • Alkadri Express Transportation (S) Pte Ltd • A-Sonic Cargoplus Pte Ltd • Atlas Logistics (Far East) Pte Ltd • Chu Kong Logistics (Singapore) Pte Ltd • DST Lines Pte Ltd • GAC (Singapore) Pte Ltd • GE Lines Pte Ltd • Germaxco Shipping Agencies Pte Ltd • H-Xpo Germaxco Int’l Pte Ltd • Hyden Marine Services Pte Ltd • INASIA Warehouse Pte Ltd • Indonesia Logistik (S) Pte Ltd • L&H Multi-Trans Pte Ltd • LAP Distribution Pte Ltd • Lim Logistics & Services Pte Ltd • Lisen Logistics & Engineering Pte Ltd • LSP Pte Ltd • Macoline (S) Pte Ltd • Pioneer Express Shipping Pte Ltd • Shalom Movers Pte Ltd • Storbest-SSHK Cold Logistics Pte Ltd • TA Asia Logistics Pte Ltd • Tavica Logistics Pte Ltd • Transliner Asia Pacific Pte Ltd (previously known as Interline Singapore Pte Ltd) • TT Transportation & Logistics Pte Ltd • Uniworld Logistics Pte Ltd

Associate MembersAon Consulting (Singapore) Pte Ltd • Apex Expo Logistics Pte Ltd • Asia Pacific Wine Hub Pte Ltd • Benkel International Pte Ltd • Fairmacs Multiline • GML Logistics Pte Ltd • Grapevyne Technologies International Pte Ltd • Gryphon Logistics Pte Ltd • I.M. Roadways Pte Ltd • Kase Logistics (S) Pte Ltd • Kenzone Asia Pacific Pte Ltd • MGR Container Line Pte Ltd • Nanyang Polytechnic - School of Business Management • Penanshin (PSA KD) Pte Ltd • Republic Polytechnic • Singapore Telecommunications Limited • Starline Logistics Pte Ltd • Tech-Link Storage Engineering Pte Ltd • TNT Express Worldwide N. V.

Admission

408 2008

2007

2006

2005

2004

378

357

331

298


Ordinary MembersApplied Movers & Trading Pte Ltd • Goodrich Maritime Pte Ltd • JS World Freight Distributor (S) Pte Ltd • Kenzone Logistics Pte Ltd • Kuehne + Nagel Pte Ltd • Rohde & Liesenfeld Pte Ltd • Star Global Shipping Pte Ltd • Takase Corporation (S) Pte Ltd • TNT Freight Management (Singapore) Pte Ltd • Trans-Link Express Pte Ltd

Associate Members3i Technologies Pte Ltd • Cisco Security Technology Pte Ltd • Conrad & Son Risk Specialists Pte Ltd • Global Tank Container Pte Ltd • Lynden Projects Singapore Pte Ltd • Oversea-Chinese Banking Corporation Limited

Membership DurationYEARS TOTAL % OF TOTAL

Admitted in Year 2008 46 11.3

>1 to 3 yrs 114 27.9

>3 to 5 yrs 70 17.2

>5 to 10 yrs 67 16.4

>10 to 20 yrs 82 20.1

>20 to 30 yrs 22 5.4

>30 yrs 7 1.7

408 100

Membership GrowthYEAR 2004 2005 2006 2007 2008

MEMBERSHIP OM AM OM AM OM AM OM AM OM AM

Membership b/f 263 21 274 24 297 34 316 41 333 45

New Admission 22 9 27 16 33 16 27 13 27 19

Cessation (14) (3) (9) (3) (17) (7) (16) (3) (10) (6)

Reinstatement - - 2 - 1 - - - - -

Upgraded from AM to OM

3 (3) 3 (3) 2 (2) 6 (6) 4 (4)

As at 31 December 274 24 297 34 316 41 333 45 354 54

TOTAL 298 331 357 378 408

OM – Ordinary Member AM – Associate Member

11.3%

27.9%

17.2%16.4%

20.1%

5.4%

1.7%

Upgrade to Ordinary MembersBiforst Singapore Pte Ltd • Halcon Primo Logistics Pte Ltd • J&F Sealink (S) Pte Ltd • T.V.L. Shipping (1997) Pte Ltd

Cessation


Board of Trustees

The following Council Members remained as the Board of Trustees andcontinued to take charge of the association’s property situated at 153BGoldhillCentre:

• MrStanleyLim• MrPohKeyBoon• MrSharafdeens/oAbdulRasak

Legal Counsel

MrMichaelLaiPartnerHead,ShippingDepartmentKhattarWongAdvocates&Solicitors

Member Visits

Theassociationcontinuallyseeks toestablishclose rapportwithmember-companies.Throughouttheyear,stafffromthesecretariatofficecalledon46companies,mainlynewmembersthatjoinedin2008.ThevisitsfocusedonworkprogrammesofSLA,on-goingactivitiesthatmemberscouldparticipateandcontemporary issuesconfrontingthe logistics industry. The individualmeetingsalsoenabledtheassociationtobetteracquaintwiththescopeofservicesprovidedbyeachmemberaswellastheirspecificneedswhichcouldbeaddressedcollectivelyasabody.

Logistics@Golf

SLA’sLogistics@Golf teamorganizedagolf friendlygameon2AprilwithAircargoSocialGolfersattheMarinaBayGolfCourse.SLALogistics@GolfteamwonthecompetitionbasedonthescoreofSystem36.TheChallengeTrophywassponsoredbyMrStanleyLim–CouncilMember.

Corporate SLA

Courtesy CallsSecretary of Economic Development from State of Mexico MrEnriqueJacobRocha–SecretaryofEconomicDevelopmentfromStateofMexico,HEMrJuanJoseGOMEZ–AmbassadorofMexicoforSingaporeandMrArmandoLopez–SecretaryofEconomicAffairsvisitedtheassociationon21May.MrRochasuggestedsigningofaMemorandumofUnderstanding(MOU)with SLA to facilitate exchangeof information, trainingandotherareas. Playing host to the foreign guests were Mr Quek Keng Liang –Chairman,MrGerryTanandMrTeoWoonHun–CouncilMembersaswellasMsNgSooHwa–ExecutiveDirector.

Magdeburger Hafen GmbH, DenmarkMrLimBoonKwong–LSCChairmanandMsNgSooHwa–ExecutiveDirectorreceivedMrKarl-HeinzEhrhardt–ManagingDirectorofMagdeburgerHafenGmbHwhenhecalledontheassociationon26June.Thelivelydiscussionelaborated on current issues faced by the two countries, many of whichseemedtobesimilarandposebothchallengesandopportunities.


14 member-representatives of Ordinary Members were nominated andtheywereelectedenmassetotheSLACouncilfora2-yearterm.Generalmembers present also approved the Annual Report 2007 and FinancialStatementsoftheassociationfortheYearended31December2007.HTKhoo&Companywasre-appointedasAuditorfortheTerm2008/2009.

SLA 35th Anniversary Gala

Theglamourofthepartyon25Octoberstartedwithaspectaculardisplayof pyrotechnics and cyber-lights which enthralled the 600 member-representatives, business associates and guests at the Orchard HotelBallroom.

Mr Quek Keng Liang - Chairman,in his welcome address,emphasized on keeping up withthe celebration theme “LEADINGBEYOND”, notwithstanding thefinancial crisis which just set in.Reinforcing the same sentiment,theGuestofHonour,MrSIswaran– Senior Minister of State forTrade & Industry affirmed SLA’s

roleinthelogisticsfraternity,whichcontributedtothegovernment’sholisticapproach to continuously strengthen the sector as a key enabler of theSingaporeeconomy.

The evening also commemorated Council Members of the past term fortheiraltruisticcontributionstotheassociationandindustry.Thecelebrationelegantlyendedwithacake-cuttingceremony,atoasttoSLA’s35yearsofachievementand“LEADINGBEYOND”.

Johor Freight Forwarders Association (JOFFA)Adelegationof four fromJOFFAcomprisingMrLimPangHoon–DeputyPresident, MrYap KanYap – Secretary, Mr Ching L F – Sub-CommitteeChairmanAir FreightandMrWongYokeSang–ManagervisitedSLAon27June.ReceivedbyMsNgSooHwa–ExecutiveDirector,theMalaysianvisitors expressed their interest to forge closer ties with SLA, learn fromits excellentmanagement in organising a full array of activities includingtrainingandexploresuitabledatesfora35-strongdelegationtovisitbothSingaporeseaportandairport.

34th Annual General Meeting (AGM)

Held on 30 May at the Swissotel MerchantCourt Singapore, the34thAGMwas attendedbymore than50member-representatives andofficials.

InhisChairman’sAddress,MrQuekKengLiangrecapitulatedthekeyactivitiesoftheyearwhichcenteredoneffortstohelppropeltheassociationas well as the industry to a new level withassistancefromrelevantagencies.HehighlightedtheLocalEnterpriseandAssociationDevelopmentaward,a3-yearprogrammecommencingfrom1

October2007andgaveanoutlineofthe11projects,someofwhichwerealreadyonstream.



• Develop and strengthen ties with government agencies, trade organisations

and international organisations.

• Make representations to government agencies and trade organisations on

policies or developments which concern the industry.

• Oversee and review the mediation process to assist members in voluntary

dispute resolutions.

Committee Chairman: Mr Quek Keng LiangMembers: Mr Thomas Sim, Mr Dennis Quek, Mr Stanley Ong, Mr John Lim, Mr Wolfgang Laube, Mr Lim Boon Kwong, Mr Poh Key Boon, Mr Gerry Tan

InTeRnATIOnAL & InDuSTRy

ReLATIOnS

Representations in Government / Trade Advisory & Work CommitteesAsapremierlogisticsorganisation,oneofthekeyactivitiesoftheassociationistoberepresentedandparticipateinforums,withaviewtoexchangeideasandfeedbacktoenhancethedeliberationsforthewelfareofthe logisticsindustry.

Broadly, SLA was represented in the following groupings during the yearunderreview:

IDAiN2015Infocomm@SeaPort MrDennisQuek

IRASTaxpayerFeedbackPanel(MandarinDialogue)

MrLimBoonKwong

LTAWorkgrouptoReviewtheSafetyofWorkersTransportedonLorries

MrPohKeyBoon

PSAPORTNET®AdvisoryBoard MrKayKongSwan

PSAPORTNET®AdvisoryCommittee MrSharafdeens/oARMrRaymondOng

ResourcePaneloftheGovernmentParliamentaryCommitteeonTransport2007-2008

MrQuekKengLiang

SBFKorea-SingaporeLogisticsCouncil MrStanleyLimMrThomasSim(alternate)

SingaporeCustomsAdvisoryCommittee MrQuekKengLiangMrStanleyLim(upto31July)

SingaporeCustomsStrategicGoodsRegulatoryProceduresTaskForce

MrStanleyLimMrGerryTan

SPRINGEnterpriseDevelopmentAdvisoryCouncil(EDAC)

MrQuekKengLiang

SPRINGGerman-SingaporeBusinessForum(GSBF)

MrQuekKengLiang

SPRINGSACCouncilCommitteeforManagementSystems&Product

MrJohnLim

SPRINGSpecialTechnicalCommitteeforSupplyChainManagement(STC-SCM)

MrGeorgSchulz

InstituteofServiceExcellence@SMU(ISES)GoverningCouncil

MrQuekKengLiang


Institute of Service Excellence@SMU (ISES)ISESofficiallylaunchedtheCustomerSatisfactionIndexofSingapore(CSISG)on7April.AdaptedfromtheAmericanCustomerSatisfactionIndex(ACSI),thisserviceexcellencemeasureproducesobjectiveandindependentindicesforeighteconomicsectors,namelyfinance,telecommunications,transport&logistics,retail,food&beverage,healthcare,educationandtourism,covering31sub-sectorsandmorethan50companiesthatformasignificantportionofSingapore’sGDP.Itmeasurescustomerexpectations,perceivedvalueandqualityofproductsandservices.Thesearecriticalcomponentswhichdrivecustomerloyaltyandprofitability.Companieswillbeabletoobtaindetailcustomer satisfaction levels and compare the results across their sectors,subsectorsandwithothercompanies.

4 ISES Governing Council Meetings were held throughout the year on15January,7April,7Julyand1December.RepresentedbyMrQuekKengLiang – Chairman, the meetings delved on a white paper jointly writtenwithWDAonISES’srecommendationsandstrategiesforserviceexcellenceinitiatives,aswellasthestrategiesandroadmapofISESfor2009.

SPRING Singapore

Enterprise Development Advisory Council (EDAC)MrJohnLim–CouncilMemberparticipatedinthe2ndEDACMeetingheldon12Februarywhichfocusedon4business issuesonrisingconstructioncosts, high energy costs, tight office and industrial space, andmanpoweravailability.

Coordinated by SPRING Singapore, the meeting also deliberated on4enterprisedevelopmentstrategies,namely:• DevelopanEnvironmentforEnterpriseGrowth• DevelopKeyClusters• SeedandNurtureInnovativeStartups• GrowPromisingandInnovativeGlobalEnterprises

The3rdEDACMeetingheldon10JulywasrepresentedbyMrQuekKengLiang – Chairman. The discussion focused on measures to help SMEsmanage rising land and facility costs as well as to help address labourshortagesproblems.

German-Singapore Business Forum (GSBF) Established in 1994, GSBF played a key role in facilitating public-privatesector collaboration, expandingbusiness linksandenhancing informationexchange.MrQuekKengLiang–Chairmanattendedtheforumheldon5NovemberattheShangri-LaHotel.HealsoattendedthewelcomedinnerattheSingaporeFlyeron4NovembertogetherwithbusinessdelegatesandMsNgSooHwa–ExecutiveDirector.

Singapore Customs

Customs Advisory Committee (CAC)The13thCACMeetingwasheldon6March.SLAwasrepresentedbyMrQuekKengLiang–ChairmanaswellasMrStanleyLim–CouncilMember,whosetermasamemberoftheadvisorycommitteeexpiredon31July.Unique Entity Number (UEN) Focus GroupSingaporeCustomswouldbeimplementingtheUENfrom1January2009.The UEN is a Singapore Government initiative to introduce a commonidentificationnumber forallentities inSingapore.TheUENwouldreplacethe Central Registration (CR) Number currently used to transact withSingaporeCustoms.Afocusgroupdiscussionwasconvenedon15MaywithstakeholderstofacilitatetheUENimplementationandSLAwasrepresentedbytwoCouncilMembers,MrStanleyLimandMrGerryTan.


Workplace Safety and Health (WSH) Workplace Safety and Health Council (WSHC)TheWorkplace Safety and Health Council was established on 1April. Itcomprises16leadersfromthemajorindustrysectorsincludingconstruction,manufacturing, marineindustries, petrochemicalsand logistics, governmentagencies, unions andprofessionals from thelegal, insurance andacademic fields. TheCouncil works closelywith the Ministry ofManpower and othergovernment agencies,the industry, unions and professionalassociations todevelopstrategies to raiseWSHstandardsinSingapore.

TheCouncil’smainfunctionsaretobuildthecapabilitiesofindustrytobettermanageWSH;promotesafetyandhealthatworkandrecognisecompanieswithgoodWSHrecordsaswellassetacceptableWSHpractices.

Under the Council, 5 industry committees have been formed to addressthespecificWSHchallengesintheirrespectivesectors,oneofwhichistheWSHC(LogisticsandTransportation)Committee.TheWSHActwasexpandedtocovertheservicesalliedtotransportsectorson1March.MrQuekKengLiang-Chairman,wasappointedbytheMinisterforManpowerasamemberof the Council. He also chairs the WSHC (Logisticsand Transportation)Committee.

WSHC (Logistics and Transportation) (L&T) Committee TobuildWSHcapability,theWSHC(L&T)CommitteeembarkedonthestudyoftheworkplacesafetyandhealthlandscapeofL&T,aswellasdevelopment

ofacompilationofcasestudiesonfatalitiesandaccidentsspecifictothesector.ASafety&HealthConnectdialoguesessionwasheldwith key stakeholders of the sector, suchas major logistics operators, to understandtheir views on WSH challenges and theirperceptionoftheWSHlandscapewithinthesector.Intotal,4committeemeetingswereconducted during the year on 29 May, 4August,6Octoberand2December.

Goingforward,theWSHC(L&T)Committeewouldstepupefforts inWSHoutreach activities in 2009, comprising an L&T Safety Day, safety forum,rovingexhibits,WSHanimationvideosandacasestudiesbooklet.

Other WSHC WorkgroupsMember-companies of the association also participated in several otherWSHCworkgroupsasfollows:• WSHC (Confined Space) Workgroup: Mr Yeo Tiong Joo from

OCWSLogisticscontributedtothedevelopmentofaTechnicalAdvisory(TA)onWorkinConfinedSpaces.ThisTAwillprovidedetailsonhowworkcanbecarriedoutinasafemannerinconfinedspacesthatisincompliancewith the legal requirements, aswell as to promote goodpractices.Itistargetedforcompletionbythirdquarterof2009.

• WSHC Workgroup for Guidelines on Workplace Fatigue Management: Mr Teo Woon Hun, Council Member, participatedin developing a guideline on fatigue management. This guidelinewillprovideguidancetoindustriesandhelpthemtounderstandhowfatiguesetsinaswellashowtomanagefatigue,particularlythatarisingfromlonghoursandshiftworks.It istargetedforcompletionbyendof2009.

UNESCAPTwoeventsoftheUnitedNationsEconomicandSocialCommissionforAsiaandthePacific(UNESCAP)namely, Meeting of Executivesof National Freight Forwarders &LogisticsAssociationsandRegionalForum of Freight Forwarders,Multimodal Transport Operators &Logistics Service Providers were held on 7 July and 9 July respectively inNewDelhi,India.SLA was represented by Mr Thomas Sim – 1st Deputy Chairman andMrStanleyLim–CouncilMember.

Themeetingswerewellattendedby13countries in theSouth-EastAsia,SouthAsiaandWestAsia.Theintensivemeetingscoveredpertinentissueson:• The International & National Regulatory Environment in the Freight

Forwarding&LogisticsIndustry• RegionalActionProgramme forTransportDevelopment inAsia& the

Pacific,Phase1(2007-2011)• Impact of Rising Energy Costs on the Freight Forwarding & Logistics

Industry


• Transport&LogisticsDevelopmentsintheAsia-PacificRegion• Emergence of Dry Ports in Asia and the Way Forward: Process to

UndertakeaPre-FeasibilityStudy• Initiatives in the Development of MultimodalTransport Corridors and

Identifying&AddressingConstraintsatBorderCrossings• Multimodal Transport - Asian Highway and the Trans Asia Railway

Updates fromUNESCAPAsianHighwayandTARandEuro-AsianRailnetwork

Theeventswereorganisedby theTransport FacilitationSection,TransportandTourismDivisionoftheUNgroupingincoordinationwiththeFederationofFreightForwardersAssociationsinIndia.

Ministry of Manpower (MOM)

At the invitation of MOM, the association met senior officials from theManpowerPlanning&PolicyDivision,ForeignWorkforcePolicyDepartment,LabourMarketAnalysisUnit,aswellastheManufacturing&ConstructionDivisionoftheWorkforceDevelopmentAuthorityofSingaporeon18July.The dialogue session centred on key trends and sectoral outlook, issuespreviouslydiscussedandactionstaken,foreignworkerspolicychangesandothermanpowerrelatedissues.

Singapore Business Federation (SBF)

Coordinated by the SBF, Mr Quek Keng Liang – Chairman joined severalbusinessleadersinaclosed-doordialoguesessionwithbothministers,MrLimHngKiang–MinisterforTrade&IndustryandMrTharmanShanmugaratnam–MinisterforFinanceon11December.Thesessionaimedto:• sharegroundintelligenceonbusinesssentiments• surfacecriticalissuesandproblemsinregardtotheeconomy• receivebriefingongovernmentposition&intendedmeasures• constructiveexchangeofideasonpossiblecountermeasuresThe feedback from the private sector and business community providedusefulleadstothepreparationoftheSingaporeBudget2009inthemidstoftheglobalfinancialcrisisanduncertaineconomicenvironment.

Maritime and Port Authority of Singapore (MPA)

TheMPAMaritimeRoundtableSeriesbringstogetherbusinessexpertsandthoughtleaderstodiscussanddebatethemosttopicalandpertinentissuesaffecting Singapore’s maritime and shipping industry. This joint projectbetweenMPAandBusinessTimesisaquarterlyseriesintroducedin2008.TogetherwithseniorofficialsfromMPA,SingaporeCustomsandNeptuneOrientLines,MrQuekKengLiang–Chairman,participatedinthefourthpartof theserieswhichofferedviewpoints,approachandmeasurestakenonSupplyChainSecurityon17December.


Committee Chairman: Mr Wolfgang LaubeVice-Chairman: Mr Thomas SimMembers: Mr Stanley Lim PBM, Mr John Lim, Capt Frankie Lim

International Federation of Freight Forwarders Associations (FIATA)

Several FIATA events were held throughout the year 2008 in which SLAparticipatedinthefollowing:FIATA HQ SessionThesessionwasconvenedfrom6to9MarchatZurich,Switzerland.SLAwasrepresentedbyMrThomasSim–1stDeputyChairman.FIATA Regional Asia / Pacific (RAP)MrThomasSim–1stDeputyChairmanandMrStanleyLim–CouncilMemberattendedtheFIATARAPmeetingon8JulyatNewDelhi,India.

MrStanleyLim,whoalsoheldthepositionofFIATATreasurer,chairedtheFIATARAPmeetingwhichcoveredreportsconcerningtheregionfromthevariousFIATAInstitutesandAdvisoryBodies:

• Airfreight• MultimodalTransport• SecurityIssues• DangerousGoods• LegalMatters• VocationalTraining

Themeetingcoincidedwith theUNESCAPMeetingofChiefExecutivesofNationalFreightForwarders&LogisticsAssociationsandUNESCAPRegionalForumofFreightForwarders,MultimodalTransportOperatorsandLogisticsServiceProvidersthatwereheldon7and9Julyrespectively.

FIATA World Congress 2008

HeldinVancouver,Canadafrom22to28September,MrQuekKengLiang–ChairmanandMrThomasSim–1stDeputyChairmanjoined800freightforwarding practitioners from 85 countries at the event hosted by theCanadianInternationalFreightForwardersAssociation(CIFFA).

FIATAPresident,MrWilliamMGottliebhighlightedareasofprogressmadeduring the various meetings pertaining to dangerous goods, legal issues,customsaffairs, securityand training.MrGottliebalsocautioned that theturmoilinfinancialmarketsandweakconsumersentimentwouldimpactonglobaltrade,whichinturnwouldaffectfreightforwarding.Howeverhewasreassuredthatbeingveryresilient,thefreightforwardingcommunitywouldcontinuetoserveitscustomersbyfindingsolutionstotheirneeds.

• Examine and address policy / operational issues affecting multimodal transport and

international freight forwarding.

• Forge close ties with regional / international organisations to keep abreast with

industry trends and developments.

• Conduct periodic reviews as guided by the bylaws governing the MTO Registry. MARITIMe CARGO


The meeting inducted 12 newAssociation Members, includingtwo fromSoutheastAsia,namelyBRUFA (Brunei) and CAMFFA(Cambodia). FIATA has a totalmembershipof107organisationsfromaroundtheworld.

FIATA Bills of Lading

Inyear2008,5membersoftheSingaporeRegistryofAccreditedMultimodalTransportOperatorsapplied fora totalof3000 setsof theFIATABillsofLading.

US Customs and Border Protection (CBP) 10+2 Regulation

USCBPAttache,MrJeffreyColinNiicalledontheassociationon1Augustand gave a briefing on the 10+2 regulation, 100% cargo screening andotherinitiativesfromtheUSregardingsecuritymeasuresandCustoms.MrNiiwasreceivedbyMrWolfgangLaube–MCCChairman,MrThomasSim–MCCVice-ChairmanandMrStanleyLim–CouncilMember.

ASEAN Federation of Forwarders Associations (AFFA)

AFFA 18th General MeetingSLAwasrepresentedbyMrThomasSim–1stDeputyChairmanandMrStanleyLim–CouncilMemberatthemeetingheldinPhnomPenh,Cambodiafrom17to18October.WellattendedbyallAFFAmembersexcepttheorganisationsfromLaoPeople'sDemocraticRepublic,MyanmarandThailand,themeetingelectednewofficebearersfortheterm2008/2009:· Chairman – Mr Masli Mulia representing Indonesian Forwarder

Association(INFA)· DeputyChairman–MrDoXuanQuangrepresentingVietnamFreight

ForwardersAssociation(VIFFAS)· Honorary Secretary – Mrs Tui Rutten representing Cambodia Freight

ForwarderAssociation(CAMFFA)· HonoraryTreasurer–MrJosephKhoorepresentingSingaporeAircargo

AgentsAssociation(SAAA)

Working Group on Education and Training (WGET)Mr Thomas Sim as Chairman of WGET, presided a half-day meeting on17OctobertodiscussthetrainingneedsandHumanResourceDevelopmentintheAFFAmember-countries.

Port of Koper, Slovenia

CaptTomas fromLukaKoper,PortofKopervisitedSLAon20November,followinghisparticipationinaneventorganizedbyIESingaporetopromotebusinesscollaborationwithHungary.ReceivedbyMrThomas Sim – 1st DeputyChairmanandMsNgSooHwa – Executive Director,themeetingdiscussedrecentdevelopmentsofthePortofKoperaswellasasuggestionto organize networkingeventsinSingapore.

Land Transport Authority (LTA)

Withthestrengthoftheassociationintacklingindustryissuescollectively,SLA made representation to the LTA, following feedback received from amember-company thatonlyBillsof Lading (B/L) fromshipping lineswere

recognized as acceptabledocuments required forde-registration of exportedvehicles.Theensuingdialoguesessions between SLA andLTA helped build a deeperunderstanding of relevantshipping documents needed toascertain the stagesand statusofsuchashipment.

Consequently,LTAissuedacircularadvisingthatitwouldacceptaB/Lissuedbyashippingcompanyorafreightagentwitheffectfrom1December.

US Government Accountability Office (GAO)

TheGAOteam,representedbyMrChristopherConrad–AssistantDirector,MrRobertRivas–AnalystinChargeandMsJuliaCoulter–Analystvisitedtheassociationon17DecemberfollowingvisitstootherSingaporeagenciesincludingSingaporeCustomsandPSAaswell as similar organizations inSouthKoreaandHongKong.

Theteamwasintheregiontoconductanindependentassessmenttorevieweffortsinsecuringtheinternationalsupplychain,suchastheSecureFreightInitiativepilotprogramrunbyUSCBP,specificallyitsimplicationsfor100%cargoscanningoverseasandthe impactof100%scanningonCBP’s riskbased,layeredsecuritystrategy.

SLAwasrepresentedbymembersofMCCnamely,MrStanleyLim,MrJohnLimandCaptFrankieLim.


Committee Chairman: Mr Gerry Tan Members: Mr Stanley Ong, Ms Serena Lau, Mr Robert Chung

• Examine and address global / local policies affecting airfreight and international

multimodal transport.

• Forge close ties with government agencies / trade organisations relevant to the air

cargo community.

• Provide inputs to develop and expand training programmes on airfreight.AIR CARGO

Regulated Air Cargo Agent Regime (RCAR)

Public Consultations and Outreach ProgrammesAs an industry association, SLA strives to support initiatives from thegovernment to facilitate and enhance security of the trade. Oneof suchinitiatives, the RCAR, is commissioned by the Ministry of Home Affairs,MinistryofTransport,SingaporeEconomicDevelopmentBoard,CivilAviationAuthorityofSingapore(CAAS)andSingaporePoliceForce(SPF).Theregime,firstrolledouton1April,aimedtoformulatepoliciespursuantto the International Civil Aviation Organisation’s standard of measuresto enhance aviation security on commercial passenger aircraft. A newsubsidiary legislation known as theAir Navigation (RegulatedAir Cargo

Agents)Order 2008wasgazettedtoregulatetheRCAR.Theagenciescarriedoutnumerouspublicconsultationsandoutreachseminars with the air cargoindustry to seek feedback onthe regime. One of these wasorganised for SLA members on

27June.About50representativesfromcloseto30SLAmember-companieswerebriefedbyMrNasharudinAli–SeniorStationInspectorattheSPRINGSingaporeBuilding.SupportedbytwootherofficersfromSPFandMrDarrenHan–AssistantManager(AirCargo)fromCAAS,theteamfieldedquestionsfrom participants during the interactive question and answer sessionfollowingthepresentation.

Applications to become Regulated Cargo Agents (RCAs) are voluntary.However,applicationsreceivedafter1Octoberwouldhavetobeaccompaniedbytheapplicants’securityprogrammes.

Launch of RCARRCAR was launched on 8September by AssociateProfessorHoPengKee-SeniorMinister of State,Ministry ofLaw and Ministry of HomeAffairs,asGuestofHonour.

Acknowledging the supportof the air cargo industry aswell as other supportingindustrypartners,29tokensofappreciationwerepresentedtocargoagents,airfreightterminals,andindustryassociates during the launch ceremony.MrGerryTan–ACCChairman receivedthemementoonbehalfofSLA.

Merger & Acquisition (M&A)Atthepromptingofsomemembersfromtheairfreightcommunity,SPRINGSingaporeinvitedSLAtoaluncheonmeetingon19MarchtoexplorethepossibilityofM&Aforthelogistics industry.Thediscussiondelvedonthe

natureofM&A,challengesandpossibleways that SPRING Singapore couldfacilitateM&Afortheindustry.

Asubsequentmeetingwasheldon10DecemberwhichmappedoutplanstoorganiseaseminartopresentM&Aasagrowthstrategy,especiallyamongstthesmallandmediumcompanies.

Committee Chairman: Mr Poh Key BoonDeputy Chairman: Mr Sharafdeen s/o Abdul Rasak Members: Mr John Lim, Mr Kay Kong Swan, Ms Pearly Chua, Mr Raymond Ong, Mr Teo Woon Hun, Mr Jason Teo

• Examine and address policy / operational issues affecting domestic transportation

and distribution.

• Examine and address issues with the ports to facilitate free-flow port operations.LAnD TRAnSPORTATIOn

PSA Corporation

SLA together with member-representatives from the Container DepotAssociation(Singapore)(CDAS)andSingaporeTransportAssociation(STA)continuedtoparticipateinthemonthlyandquarterlydialoguesessionswithPSA.Thesemeetingswereeffectiveastheyfocusedonhauliers’workflowwithin the port to achieve optimum operations efficiency. The on-goingdialogues also resulted in successful improvement initiatives and jointprojects.Countingamongstthemallthroughtheyearinclude:

• CITESenhancementstosupportPre-gateforKD• deploymentandoperationsmonitoringofHaulierCommunity System

(HCS)• migrationoutofmemopagingtoSMSsystemfordrivers• TACS“FlowThrough”(ERP,BiometricsSSTandBarriers)forGates1,2

andF5• newapplicationssoftwareforgatesystematGate1,2,4andF5• newgatecomputerhardware• Flexi-bookenhancement• TradeNet4.0enhancement• EIROutenhancement• ContainerNumberRecognitionSystemupgrade• PortNetmobilityAsawelcometradition,SLAacceptedPSA’sinvitationtoafestiveluncheonon5February tousher in theLunarNewYearof theRat. TogetherwithrepresentativesfromCDASandSTA,MrQuekKengLiang–Chairman,Mr

PohKeyBoon–LTCChairman,MrKayKongSwan–CouncilMemberandMsNgSooHwa–ExecutiveDirectorjoinedthecelebration,hostedbyMrKuahBoonWee–CEO,SouthEastAsia&SingaporeTerminalsandMrTanPuayHin–COO,SingaporeTerminals,PSA.

PORTNET® Advisory CommitteeMrSharafdeens/oAbdulRasak–CouncilMemberandMrRaymondOng– LTC Member continued to represent SLA in the PORTNET® AdvisoryCommitteewhichmetbi-monthly.

The committee contributed to the enhancements of various PORTNET®implementations which continuously improve the integrated servicesprovidedtothehauliersandfreightforwardingcommunity.

The2-dayTradeNetonPORTNET®RoadShow2008washeldon11and12November.

Containerised Traffic System (CTS) – LEAD Project

CTS,aLEADProjectledbyCDASandsupportedbySLAandSTAwasofficiallylaunchedon29JanuarybyMrLeeYiShyan–thenMinisterofState,MinistryofTrade&Industry.

Under the system, mobile dataterminals would be installed inprime movers and trailers thatmoveboxesbetweenvariousPSAcontainerterminalsinSingapore.Theseterminalsallow2-waydataflowsbetweendriversandtrafficcontrollersforbetterroutingandvehiclemanagement.

Mr Poh Key Boon – LTC Chairman, who represented SLA in the projectExecutiveCommittee,attended2meetingsconvenedduringtheyearon13Marchand11September.

Traffic Police (TP)

SLAsupportedTheRoadSafetyProgramme2008–“IThinkSafe.IWorkSafe.IDriveSafe.”withasponsorshipof$2,000.Onbehalfoftheassociation,MrPohKeyBoon–LTCChairman,receivedatokenofappreciationatthe

launchon2JunewheretheRoadSafetyCommemorativelogowasunveiled.

Jurong Port (JP)

SLAwas invited toadialogue sessionwith JPon24November togetherwith Container Depot Association (Singapore) and Singapore TransportAssociation.Themeetingdeliberatedthefollowingagendaitems:

• Newgatesystemtobefullyoperationalon1December• Newwarehouseandberth• Additional facilities to prepare for the move of PSA Pasir Panjang

TerminaltoJP

National Environment Agency (NEA)

AspartofNEA’scontinuousefforttocurbairpollutionfrommotorvehicles,SLA was invited together with CDAS and STA to a briefing session on 3December.NEAgaveanupdateofitsmeasurestocontrolsmokyemissionand vehicles with idling engines with a view to work together withassociationstohelpreducevehicleswithsmokyemissionandidlingenginesontheroads.


Committee Chairman: Mr Lim Boon KwongMembers: Mr Quek Keng Liang, Mr Philip Lim, Mr Kenneth Chan, Mr Chua Boon Joon

• Promote exchange and collaboration amongst members on integrated logistics

business know-how and opportunities.

• Forge close ties with government agencies / institutes of higher learning / relevant

trade organisations to promote best practices and service excellence on logistics

services.

• Create a platform for ancillary service providers to generate greater synergy and

contribute to the development of the logistics industry.

LOGISTICS SeRvICeS

University of Melbourne

Professor Kevin O'Connor – Professorial Fellow in Urban Planning of theUniversity of Melbourne visited the association on 24 July. His aim wasto gather views of the association about the way members managedgrowthanddevelopmentinrecentyears,andtheextenttowhichtheyseethenewportinMalaysiaasanopportunityfordevelopment.Inparticular,hisstudylookedathowlargeandestablishedcities,withlandconstraintswould be able to cope with the high levels of container movements.The discussions centered on his interest areas such as how logisticscompanies chose sites foroperations. Healso sharedhis earlierfindingsthat thebest sitesappeared tobeplaceswithmultiple seaandairportswhichhelabeledthem"GlobalLogisticsRegions".

Ningbo Delegation

On 12 September, SLA hosted adelegation from Ningbo MunicipalPeople’s Government, China.Comprising mainly governmentofficials, the purpose of their visitwastofindoutmoreaboutlogisticsdevelopmentsinSingapore.

Led by Mr Lim Boon Kwong – LSCChairman,togetherwithMrPhilipLim– LSC Member and representativesfrom the Singapore CooperationEnterprise (SCE) who joined themeeting, the12delegates learntabout logistics trends, infrastructureandinvestmentsinSingapore.

• LeadingEuropeanSupplyChainModelsbyMsKarinRancuret-RegionalDirectorAsia,HIDC

• IntermodalConcepts for yourEuropeanSupplyChainbyMrGert-JanNieuwenhuizen-ChiefRepresentativeAsiaPacific,PortofAmsterdam

• Opportunities and challenges for Supply Chain Operations in Europe,ataxandlegalperspectivebyMrFrankJansen-DutchDesk,Ernst&Young

Jiangsu Delegation

AnotherChinesedelegationfromJiangsu,Chinacalledontheassociationon15December.CoordinatedbytheSingaporeCooperationEnterprise,thedelegates who comprised mainly government officials were on a missionto gather information on efforts taken by stakeholders in promoting thelogisticsindustryinSingapore.

MrLimBoonKwong–LSCChairman,briefedthe18delegatesontheworkactivitiesofSLA,achievementsattainedduringits35yearssinceinceptionand projects initiated under the LEAD programme. Also present fromSLAwereMrPhilipLim–LSCMemberandMsNgSooHwa–ExecutiveDirector.

Netherlands Foreign Investment Agency (NFIA) and Holland International Distribution Council (HIDC)

Followingseveralplanningsessions,SLAandthetwoDutchagenciesnamelyNFIA and HIDC put together a seminar and networking session entitled“SupplyChainDevelopmentinEurope”on4DecemberatGoodwoodParkHotel.

Asidefromprivatediscussions,theattendeesbenefittedfromthespeakerswhopresentedtopicsrelevanttoexpandingbusinessestotheNetherlands:• TheNetherlands -YourEuropeanPartner in InternationalBusinessby

MsLinnieMackenzie-AreaDirector,NFIASingapore


Infocomm@SeaPort

MrDennisQuek–eLTCChairmanwasnominatedtorepresentSLAintheInfocomm@SeaPortSteeringCommittee. Co-chairedbytheMaritimeandPortAuthorityofSingapore(MPA)andtheInfocommDevelopmentAuthorityofSingapore(IDA),the12millionprogrammewhichstartedinSeptember2007,aimedtopromotebusinesstransformationinthemaritimecommunitythroughtheapplicationofinfocommtechnologies.Twosteeringcommitteemeetingswereheldin2008on14Februaryand31July.Anumberofprojectsapprovedforfundingundertheprogrammemadesignificantprogress.Oneofthese,WISEPORTwaslaunchedon6MarchbyMrPeterOng,ChairmanofMPAandPermanentSecretaryoftheMinistryofTradeand Industry. WISEPORT isamobileWiMAXnetwork infrastructurethatcoverstheportwatersandsurroundingcoastalareasofSingapore.Thenetworkwillprovidewirelessbroadbandaccessto localand internationalvesselsaswellasusersalongthecoastandwithinSingaporewaters.A Infocomm@SeaPort Innovation Group Brainstorming Session wasorganizedon3Octobertogeneratenewprojectsthroughwiderinputsfromthe industry. Mr Lim Boon Kwong – LSC Chairman and Mr Stanley Lim–CouncilMemberattendedthesession.

Supply Chain Exchange 2008

After thesuccessful inauguralSupplyChainExchangeevent in2007,SLAonceagaincollaboratedwithTheLogistics Institute–AsiaPacific(TLI-AP)andNetremedia toput together SupplyChainExchange2008on3 Juneat Grand Copthorne Waterfront Hotel. The event drew more than 200

participants who mostlywerelogisticspractitioners.

Focusingoninnovationandsustainable supply chain,the conference broughtcutting edge insightsand views from leadingsupplychainprofessionals,consultants and researchanalysts on the state of

thegloballogistics,helpingtheindustrytonavigateinthecompetitiveanduncertain global markets. Featuring leadingindustry speakers, participants learnt howorganizations could benefit from innovationsand smart ideas in supply chain and logisticsmanagement.

In the same evening, SLA together withFrost & Sullivan presented the “2008ASEAN Logistics &TransportationAward”.The elegant event was graced by Mr PngCheongBoon,thenActingChiefExecutiveofSPRINGSingapore.Atotalof28awardswere presented in various categories ofwinners to Logistics Service Providers(LSP) in 4 ASEAN member-countries.Amongstthewinnerswere3SLAmember-companies:

Committee Chairman: Mr Dennis Quek Members: Mr Wilson Tan Hai Guan, Mr James Loo

• Promote exchange and collaboration with government agencies / relevant trade

organisations / partners on harnessing technology to business practices and

outcomes.

• Create awareness and promulgate technological developments that may transform

logistics processes and bring about service advancements amongst members.e-LOGISTICS / TeCHnOLOGy

Best Domestic LSPBest IT / electronic LSP

Best Retail & FMCG LSP

Best Pharmaceutical LSP

Singapore Telecommunications (SingTel)

SingTeljoinedSLAasamemberon1Julyandcontributedtothebustleofactivitieswithintheassociationduringtheyear.

Business Solution Centre (BSC)

SLAwasinvitedbySingTeltotouritsBSCon13June.ComprisingCouncilMembers,CommitteeMembersandsecretariatstaff,the group from SLA was led to differentindustry pavilions which showcaseadoption of technology in healthcare, education, financial, logistics andtransportationservicesandhowthiswidearrayofindustrysolutionscouldcatertobusinesses,beitsmall,mediumorlarge.

i.LUMINATE 2008MrDennisQuek–eLTCChairman,wasinvitedtobeoneofthepanelistsintheLogisticsandTransportationtrackoftheSingTelforumheldatSingaporeExpofrom24to25September.Entitled‘ImprovingEndtoEndSupplyChainEfficienciesthroughTechnologyandCollaboration’,thesharingcenteredonhowinformation&communicationtechnology(ICT)adoptioninthelogisticsindustry helped service providers innovate, drive efficiencies and managelogisticsrisingcost.

The inauguralbusiness innovation forumfeatured50globaldistinguishedspeakers in innovation across industries. It also showcased over 100intelligentICTsolutionsthatcouldhelptransformbusinessesforsuccess.


Committee Chairman: Mr Thomas SimDeputy Chairman: Mr Stanley Lim PBM Members: Mr Quek Keng Liang, Mr Daniel Chew, Mr Bill Chua, Mr Ee Khong Kie, Mr Michael Lai, Mr Marcus Lau, Ms Jennifer Tan, Mr Thorasamy Rajagopal

• Secure recognition and accreditation from the authorities and industries.

• Create a neutral platform for diverse interest members and logistics professionals to

gather.

• Contribute positively to the overall logistics industry development. TRAInInG & DeveLOPMenT

New Training Centre for SLA

A project under the LocalEnterprise and AssociationDevelopment programme, theSLA training centre becameoperational on 16 April atSPRINGSingaporeBuilding.

The new premise at about1,700 sq ft accommodatesan office and a training roomthat can hold training sessions,seminars and meetings for upto 20 participants. Besides the

commonfacilities,thereisalsoanassignmentdrop-boxwherestudentswillbeabletodeposittheirworkprojectsafterofficehours,aswellasinternetkioskstoallowthemtosurfon-line,receiveupdates on course schedules, course feepayment status etc. The facility helpedthe association to manage the trainingportfolio more efficiently as most of thecourses were conducted in classroomslocated in the same building and othertrainingfacilitiesnearthevicinity.

Specialist Training Programmes

In year2008,enrolment for theSpecialistTrainingProgrammes increasedby40%.Withtherisingnumberofregistrations,theassociationdoubledthecourse intakes forboth itsCertificate/Diploma in InternationalFreightManagementandCertificate/DiplomainIntegratedLogisticsManagement.

Programmes International Freight Management

2008Intake R14/Mar R15/May R16/Aug R17/Oct

Diploma 21 12 19 13

Certificate - 1 2 -

Total Placement 393

Programmes International Freight Management

2008Intake R14/Mar R15/May R16/Aug R17/Oct

Diploma 29 18 17 13

Certificate 1 2 1 -

Total Placement 474

Programmes Supply Chain Management

2008Intake R9/Mar R10/Aug

HigherDiploma 11 7

Certificate - -

Total Placement 128

Continuous Learning Programmes (CLP)

The association rolled out several new training programmes during theyear:3-day Supply Chain Security – Risk Assessment AnalysisThe course introduces aneffectiveriskcontrolframeworkthrough the application ofWCO, STP, ISO 28000. Itpresentsbestpracticesincrisismanagement,disasterrecoveryand risk-security measuresfrom physical, conveyance,tradingpartnertoproceduralsecurity.2-day Supply Chain Security – Risk Assessment AnalysisThisnewcourseemphasizesoneffectiveriskmanagementandcontrol.Seminar on Effective Presentation Skills Thetrainingaimstohelpparticipantsimprovetheirpresentationskillsandenablethemtobemoreeffectivewhenmakingpresentationstoboththeirmanagementandcustomers.Atotalof18CLPwereconductedinyear2008.

2008Intake

TotalPlacement

Supply Chain Security Series·3-daySupplyChainSecurity–RiskAssessmentAnalysis·2-daySupplyChainSecurity–RiskAssessmentAnalysis

1

1

10

6

DG Safety Security & Health·PSA/SLADangerousGoodsCourse·DGManagement:Applications&Processes

42

9124

IT Applications in Logistics·HowtoLeverageMS-ExcelinLogistics·LogisticsExecutionSystems

21

226

Insurance & Liabilities·CertificateinStandardTradingConditions 2 31

Logistics Services & Marketing·DeliveringSuperiorCustomerService·EffectivePresentationSkills

21

226

Logistics Business Processes·InternationalTrade&EffectiveHandling/ProcessingofLetterofCredit 2 31

Total 18 249

At the invitationofSDVLogistics (Singapore), amemberofSLA,a3-daytrainingsessiononDangerousGoodswasspeciallytailoredtocaterto itstrainingneeds.15employeesattendedtheprogrammewhichwasconductedatitspremiseon7,9and11April.

Graduation Ceremonies

Theassociationwasproudto confer certificatesand diplomas to twocohortsofgraduates fromthe Specialist TrainingProgrammes at theGraduation Ceremoniesheld on 27 February forthe August 2006 intakeand23JulyfortheMarch2007intake.Majority who were conferred the Higher Diploma in Supply ChainManagement,DiplomainInternationalFreightManagementandDiplomainIntegratedLogisticsManagementwerealsoawardedtheFIATADiplomainFreightForwarding(ByVocationalTrainingandExamination).Duringtheceremonies,theSLABestAchieverAwardwinnerssharedtheir


learningexperiences.Theirpositivenotesand generous sponsorship by member-companiesofboththeSLABestAchieverAwardsandBookPrizesaffirmedthehighstandard of these programmes and theright moves taken by the association instructuring their contents to elevate theprofessionalismoftheindustry.The association underscored theemphasis on continuous upgradingandpresentscholarshipstowinnersofthe SLA BestAchieverAwards for thetwo diploma programmes to pursuethe Higher Diploma in Supply ChainManagement.

Exhibition / TalkAsia Pacific Maritime

TheassociationsupportedtheAsiaPacificMaritimeeventwhichwasheldfrom26to28MarchattheSingaporeExpoHall.Thewidearrayofactivitiesand trainingprogrammes offered by SLA as well ascollaterals of members on their serviceswere displayed at the complimentaryexhibitionbooth.

3rd LEAD Programme ForumAt the invitation of SPRING Singapore,the association represented by MrStanleyLim–CouncilMember,madea presentation entiled “Setting upof a Training Centre: SLA’s LearningJourney” at the forum. Held on 22

AugustatGrandCopthorneWaterfrontHotel,theeventwasattendedbysome250representativesfrommorethan20tradeassociations.MrLimtrackedthehumblebeginningoftheSLATrainingCentrewhichdatedbackin1986.The6“Cs”namelycommitment,cognition,competency, catalyst, collaborations,continuous improvement, wereidentified as the critical ingredientsnecessary in the establishment oftheSLATrainingCentre.

Martech Theassociationparticipatedin“Martech2008– 8th Biennial International Conference andExhibition”,aneventheld inconjunctionwiththeSingaporeMaritimeWeek.Theeventwasheld from13 to14Octoberat theSingaporePolytechnic together with the SingaporeMaritime Academy and Maritime & PortAuthorityofSingapore.

During the exhibition, “LogisticsQuiz” was the highlight at theassociation’s booth to test theindustryknowledgeofvisitors.Thevisitorswalkedawaywithcorporategifts generously sponsored bymember-companies.

Facilities and Port Tours

WithcourtesyofPSA,theassociationorganisedfourporttourstotheKeppel&Tanjong PagarTerminals for participants of the Sea Freight ForwardingOperationsmoduleon6May,27June,9Octoberand28November. MrTanTee Hwa, lecturer of the module, accompanied the groups to guideand facilitate their understanding on the port operations, vessels and


port equipment taught in theclassroom.Mr Ee Heng Soon from PSAInstitute led the participantsfrom the PSA/SLA DangerousGoods Course (R49/2-2008) toPSA F5 Godown on 10 April.The Godown which stored only

dangerous goods,provided a goodplatformoflearningasthey examined variousDGlabelsanddiscussedsafety guidelines andsafestorageoftheDGs.

Temasek PolytechnicThe association continued to support training initiatives of local tertiaryinstitutions.OneofsuchsupportwastheawardofTheSingaporeLogistics

AssociationCourseGoldMedalto Temasek Polytechnic’s topstudent from the Diplomain Logistics & OperationsManagement, Ms HanYan Siew. The award waspresented on 22 May atTemasekConventionCentreatTemasekPolytechnic.

Workforce Skills Qualifications (WSQ)

TheassociationwasappointedWSQApprovedTrainingCentre(ATO)on1July.AsanATO,theassociationwouldconductthecompetencyunitsundertheGenericManufacturingSkillsWSQSystem.Aspartoftherequirements,MrThomasSim–TDCChairmanandMrDanielChew-HeadofTDCCLPSub-Committee attended various modules of theAdvanced Certificate inTrainingandAssessment(ACTA)programmes.

Annual Lecturers’ Conference

SLA lecturers congregated on 15 November at the Parkroyal Hotel toparticipateinacourseofactionplanstoofferthemembersandtheindustrywithamorecomprehensivetrainingprogramme.Overcasualsetting,thelecturerstogetherwiththeassociation’straining and development teambrainstormed on training challengesoftoday.

Inanotherdevelopment,constructivesuggestions were incorporated intothe draft SLA Student Handbook,which would be implemented in2009. The handbook would serveas a useful learning guide to allregisteredparticipants.


The LEAD project for the logistics industry waslaunchedinSeptember2007.

A total of 11 projects grouped under 4 strategicthrustswereidentifiedtopromotethegrowthoftheindustryaswell as tohelpSingaporemaintain itsleadershippositionasaregionallogisticshub:

ForSLA,LEADencapsulatesthekeycharacteristicsof the initiative: Leadership, Excellence,Advancement andDynamism.

LEADREVIEW OF

Local Enterprise

and Association

Development Programme

Thrust 1:

Industry Branding and Benchmarking

Thrust 2:

Education and Training

Thrust 3:

Resource and Competence Development

Thrust 4:

Business Facilitation and Development

LeadershipL Do not follow where the path may lead.

Go instead, where there is no path and

leave a trail.

Ralph Waldo Emerson

Industry Branding and BenchmarkingThrust Leader – Mr Dennis Quek

Project 1a : Industry Branding

SLA intends to develop a clear branding strategy to enhance the overallperceptionofthelogisticsindustryinSingaporeandtoleveragethis‘brand’asan‘intangibleasset’foritslong-termstrategicadvantage.Broadlytheobjectiveoftheprojectisto:

• Position ‘Singapore Logistics’ for further growth and advantage, anddevelopaclearsenseofpurposeforSLA.

• Raisetheprofileofthelogisticsindustry’sroleandcontributiontotheSingaporeeconomy.

• Attractanddeveloptalentforthelogisticsindustry.

LedbyMrDennisQuek–2ndDeputyChairman,aBrandSteeringGroup(BSG)comprising representatives from Singapore Aircargo Agents Association,Chartered Institute of Logistics and Transport, Temasek Polytechnic, TNTExpressWorldwide,EconomicDevelopmentBoardandSPRINGSingaporehasbeenformedtoprovidedirectionsfortheproject.

On29August,SLAappointedanexternalbrand consultant, Brandcourage, andconvened the inauguralBSGmeeting. Asetofquestionnairewouldbeformulatedto solicit inputs from leaders of theindustry to help map the brandingstrategy. This would involve interviewswithabout30leadersoftheindustry.

A review session of the questionnaire was held on 12 December. Thedevelopmentoftheindustrybrandstrategyisexpectedtobecompletedbythesecondquarterof2009.

Project 1b : Portal Development

Theaimofthisprojectistodevelopacareerportalwithjob-feedfeaturesforthelogisticsindustry.Withthisportal,SLAmembersasemployerswouldbeabletoposttheir jobvacanciesandreachouttoa largepopulationof jobseekersatminimumcost.Moreimportantly,theportalcanserveasaconduitfor thegeneralpublic, inparticulartertiarystudentsandgraduatesseekingmoreknowledgeaboutthelogisticsindustryasacareeroption,definedas:

• ‘O’ level and ‘A’ level students researching career, education andscholarshipoptions.

• DiplomaandDegreestudentsandrecentgraduatesresearchingcareer,trainingandscholarshipoptions.

• Working adults seeking more knowledge on the logistics industry,continuous learning and scholarship opportunities from a careerperspective.

MrJohnLim–DeputyHonorarySecretary,ledtheprojectteamandconvenednumerousmeetingsandextensivedeliberationsthroughouttheyearwith3supplychaincareersites.Atthecloseoftheyear,JobsCentralwasshortlistedtodeveloptheSLAcareerportal.

Project 1c : Benchmarking Study & Capability Diagnostic Tool

Thestudy,toanalyseandbenchmarkthecapabilitiesofthelogisticsindustryinSingapore,isintendedasarealitycheckandtoassistinplanningeffortstodevelopthecapabilitiesofserviceproviders.

Frost and Sullivan, an external consultant was appointed in 20 Februaryto conduct the study that covers 7 key capabilities which determine thecompetitivenessoftheenterprise:

•businessprocess •organization•physicalinfrastructure •customerservice•technology •financial•humanresource

Launchedduringthe2008Frost&SullivanASEANTransportation&LogisticsAwardson3JuneattheGrandCopthorneWaterfront,thepilotphaseofthequestionnaireonthecapabilityassessmentswascompletedinSeptember.Thesurveywasrolledouttoabout150companiescoveringserviceprovidersin4maingroupsnamely,ThirdPartyLogistics,FreightForwarding,WarehousingandTransportation.

Aninterimreporton“CapabilityBenchmarking of SingaporeLogisticsCompanies”wassharedby Mr Vivek Vaidya – Director,Automotive & Transportation,Asia Pacific, Frost & Sullivanduring the Logistics CapabilityDevelopment Seminar jointlyorganized by SLA and SPRINGSingaporeon12November.

Presided by the project leader, MrGerryTan–CouncilMember,areviewmeetingwasheldon18December.Thefinal reportwouldbe readybythefirstquarterof2009.L


Excellence is an art won by training

and habituation.

Aristotle

Excellence

E

Project 2c : Scholarships to Groom & Retain TalentsAsanother initiative togroomandretainyoungtalents in the industry, theassociation introduced the SLA Scholarship to thosewith aspiring intereststo pursue supply chain and logistics studies at recognized universities inSingapore.Overthe3-yearLEADprogramme,SLAwillaward18scholarships.

The scholarships are open to Singaporeans and Singapore PermanentResidentswhoarestaffoflogisticscompaniesandqualifytheawardcriteria.Eachscholarshipwillprovideforthecandidate’stuitionandallotherfeesdeemedcompulsorybySLAandassessedaccordingtotherequirementsoftheinstitutionofstudy,subjecttoamaximumofS$30,000perscholarship.

ThefirstannouncementontheSLAScholarshipwasmadeon16Septemberfollowedbyaninvitationtoallmemberstobeco-sponsorson30September.Attheclosingdateforapplicationon7November,theassociationreceived9applications.

The1st interviewwith the candidates tookplace on19November and5wereselected.Theyattendedthe2nd interviewconductedbySLACouncilMembersandofficials fromSPRINGSingaporeon15December, togetherwiththeirhumanresourcepersonnel.

Project 2d : SLA Training CentreTheSLATrainingCentreisestablishedtoaugmenttheassociation’scapabilitiestoeducateandtrainthe logisticsworkforce.The official launchof thecentre on 25 August at the auditorium of theSPRING Singapore Building marked an importanttrainingmilestoneintheassociation.

The 1,700 square feet premise is situated at thefourth levelofSPRINGSingaporeBuildingatBukitMerahCentral. Asidefromthegeneraloffice,ithousesastate-of-the-artTrainingRoomwhichissuitablealsotoconductmeetingsandseminars forupto20participants.Internetkioskshavebeen installed toallowstudents to facilitateon-l ineregistrationfortheassociation’strainingprogrammeswhenthenewtrainingsystemcomesonstream.Thereisalsoanassignmentdrop-boxforstudentstodeposittheirworkprojectsafterofficehours.

MrQuekKengLiang–ChairmantogetherwithMrThomasSim–1stDeputyChairman and TDC Chairman, Mr Stanley Lim – Council Member andMrRaymondHuang–pastTDCChairmanofficiatedthelaunchceremony.Theeventwaswellattendedbymorethan100guestsandrepresentativesfrom member-companies as well as overseas trade associations namely,IndonesianForwardersandLogisticsProvidersAssociationandJohorFreightForwardersAssociation.

As one of the elements in the project, SLA on 15 January, commissionedHallmark Global Technologies to develop a web-base portal to managethe increasingtrainingportfolio. Thetrainingsystemwillcomputerisemostadministrative tasks such as student registration, payment, tracking ofattendances,recordingofexaminationresultsandissuanceofcertificatesaswell as database information relating to lecturers and member-companies.Member-companies, studentsand lecturerswouldalsohaveeasyaccess torelevant informationwhichwill bemadeavailableon-lineonce the systembecomesoperationalin2009.

Education and Training Thrust Leader – Mr Thomas Sim

Project 2a : On-Line Learning Platform

Taking intoconsiderationtheadvancementandavailabilityofeducationaltechnologies, theassociationhasadoptedanon-line learningplatformtofacilitatetrainingandcomplementthecurrentclassroom-lectures.

The innovative approach enables rapid development and deployment ofmultimediacontentfore-learningandrealtimeinfo-knowledgeexchange.Italsoallowsdynamiccontents tobedelivereddigitally toany interestedlearnerborderless.

With inputs from Mr Ee Khong Kie– TDC Member, numerous discussionsessions were conducted during theyear to examine the proposal and STTeleport was commissioned on 31Octobertobuildtheplatform.Atotalof 16 SLA lecturers attended twotraining sessions held on10 and 16

Decembertofamiliarisewiththetechnology.Thisfirst-phase training sessions were geared to introduce the basic conceptofonlineteachingpedagogyandtorevisethecurrentclassroomteachingcontenttothevirtualformat.

Project 2b : Supply Chain & Logistics Degree Course

The association recognises theimportance of human capital and thegrowing need of more managementemployees in the logistics and supplychain industry. A Memorandum ofUnderstandingwithUniSIMwassignedon28Octobertosealitscollaborativeefforts with the university to develop

adegreeprogrammeonBachelorofScienceinLogisticsandSupplyChainManagement.

This first undergraduate degree programme aims todevelophumancapitalandtalentrequiredoftheindustry.Italsotargetsexistinglogisticsindustryemployeeswithdiploma qualifications who are keen to upgrade theirskillstoassumemanagementpositions.

Theassociationwill playakey role inensuring industry-relevanceand job-practicalityoftheprogrammeandwillprovideassistanceincoursedevelopmentandinstructionaswellasprovisionsofscholarshipandcareerplacement.

TheprogrammewillbelaunchedinJuly2009.E


The advancement and diffusion of knowledge

is the only guardian of true liberty.

James Madison

Advancement

A

Resource & Competence DevelopmentThrust Leader – Mr Quek Keng Liang

Project 3a : Supply Chain Security Practice

SLAwillbetheleadingindustryadvocatetopropagatetheadoptionofbestpracticestoraisethestandardsoftheindustry.

On21February,theassociationappointedSTET Maritime to provide consultancyservices on a project which coveredcapability building and training, as well

as development of supply chain security guidelines and a standard riskassessmentmethodologyforlogisticscompanies.

In conjunction with the launchof the SLA Training Centre on25August2008,SLAorganizedits first Supply Chain SecuritySeminar. The seminar focusedontheimportanceandbenefitsofsecurityinthelogisticssupplychain. The panel of expertsfrom government agencies such as CivilAviationAuthority of Singapore,Singapore Customs and consultants from STET Homeland Security andLloyds Register Quality Assurance shared their valuable knowledge andviewsonsecurity.

In 2008, the association offered 2 new supply chain security courses tomembers:• 3-daycoursetargetedformanageriallevelfrom2to4September• 2-daycoursefocusingonriskassessmentfrom19to20November

Project 3b : Cost Effective IT SolutionsSincethebeginningoftheyearunderreview,theworkingteamledbyMrLimBoonKwong–CouncilMember,deliberatedextensivelyonthepossibilitiesfortheproject.

Further to a preliminary surveyconducted amongst the SLAmembership in January anddeliberations with numerous IT

service providers and consultants, the association decided to define theproposedSLAcosteffectiveITsolutionsbasedonaphaseapproach.

Forastart,AvezSolutionswasappointedon19Novembertoundertakeastudywhichcovered:• asurveyoflocallogisticscompaniesontheirITcapabilityrequirements,

bothcurrentandfuture• statisticalanalysisofthesurveyresults• basedontheresultsofthesurvey,todevelop,plananddesignasuitable

andapplicableITsystemorplatformforthelogisticsindustry• evaluation of potential vendors on their capabilities and make

recommendations

Thestudyisexpectedtoachieveat least60returnsandbecompletedbythefirsthalfof2009.

Project 3c : Adoption of Best Practices - The Guides to International Logistics

SLAwillcontinuetodevelopguidestobestpracticesfortheindustry.

The 1st publication under the LEAD project and 4th publication of SLA’sGuidesto InternationalLogisticsseries,ThePractitioner’sDefinitiveGuide:WarehousePracticeswasunveiledon12NovemberattheLogisticsCapabilityDevelopmentProgrammeSeminarbyMrPngCheongBoon-ChiefExecutiveofSPRINGSingapore.

Authored by Mr Bill Chua – TDCMemberaswellasMrTeoKeeBoon– Temasek Polytechnic lecturer,the book describes the principleof warehousing required for the implementation of good practicesin warehousing operations. It also provides an insight for beginners inwarehousingandaquickguidetothosewhowishtobecomefamiliarwiththewarehousesectorinSingaporeanditsdynamics.A


Strong lives are motivated by dynamic

purposes; lesser ones exist on wishes

and inclinations.

Kenneth Hildebrand

DynamismD

Business Facilitation & DevelopmentThrust Leader – Mr Kay Kong Swan

Project 4a : Overseas Business/Mission Trips and Business Networking

Theobjectiveof this thrust is toprovideopportunities to encourage locallogisticscompaniestoventureoverseastocapturenewbusinesses,conductseminars to share such mission findings as well as business networkingsessions.

Severaleventswereorganisedin2008:

2008 ASEAN Transportation & Logistics AwardsHeld in conjunction with Supply ChainExchange 2008 on 3 June, SLA and Frost& Sullivan co-hosted the 2008 ASEANTransportation & LogisticsAwards –Voiceof Customer at the Grand CopthorneWaterfront. With Mr Png Cheong Boon– then Acting Chief Executive of SPRINGSingaporeastheGuestofHonour,theeventwas attended by about 350 guests, manyamongstthemwerehailedfromneighbouringASEANcountries.

Logistics Business Mission to Melbourne, AustraliaThe 4-day mission from 28 to 31July was co-organised by SLAand SPRING Singapore, andsupported by the Department ofInnovation,IndustryandRegionalDevelopment as well as theAustralian Trade Commission.The 15-member delegationembarked on the trip with thefollowingobjectives:

• Understand the latestdevelopmentsof the logistics cluster inAustralia.

• Seek best practices exchange in cold chain, pharmaceutical logistics,reverselogisticsanddistributioncentres.

• Explore areas of collaboration and business opportunities for thebusinessdelegation.

• UnderstandandbuildrelationshipswiththeAustraliaeconomicagencyinvolvedinindustryandSMEdevelopment.

• Understand the developments ofkey Australia seaport and airportto understand capabilities andoperations, particularly with respecttocoldchainmanagement.

Logistics Capability Development SeminarEntitled “Creating Competitive Edge through Excellence”, the seminarwasjointlyorganisedbySingaporeLogisticsAssociation(SLA)andSPRINGSingapore.Heldon12NovemberattheSheratonTowers,itaimedtohelpthelogisticssectormeetrisingcustomerdemandforvalue-addedservicesandtomanagecostpressures.Itwasattendedbymorethan150participantsfromacross-sectionoftheindustrythatincludelogisticscompanies,MNCs,tradeassociations,consultancyfirms,governmentagenciesandeducationalinstitutions.

Supply Chain Development in EuropeSome50invitedguests,member-representatives,speakers,businessassociatesandofficialsfromSLAcongregatedon4DecemberattheGoodwoodParkHotel and benefitted from the sharing of speakers from the NetherlandsForeign InvestmentAgencyandHolland InternationalDistributionCouncil.ThepresentationsandprivatedeliberationsofsometouchedonsupplychaindevelopmentsinEurope,leadingEuropean supply chain models,intermodal concepts, opportunitiesand challenges for supply chainoperations in Europe from a tax andlegalperspective.D


INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OFSINGAPORE LOGISTICS ASSOCIATION INDEPENDENT AUDITORS’ REPORT To the members of Singapore Logistics Association

WehaveauditedtheaccompanyingfinancialstatementsofSingaporeLogisticsAssociationsetoutonpages40to54,whichcomprisethebalancesheetoftheAssociationasat31December2008,thestatementofchangesinequity,theincomestatementandcashflowstatementoftheAssociationfortheyearthenended,andasummaryofsignificantaccountingpoliciesandotherexplanatorynotes.

Management’s Responsibility for the Financial Statements

TheAssociation’smanagementisresponsibleforthepreparationandfairpresentationofthesefinancialstatementsinaccordancewiththeprovisionsoftheSingaporeFinancialReportingStandards.Thisresponsibilityincludes:devisingandmaintainingasystemofinternalaccountingcontrolssufficienttoprovideareasonableassurancethatassetsaresafeguardedagainstlossfromunauthorizeduseordisposition;andtransactionsareproperlyauthorizedandthattheyarerecordedasnecessarytopermitthepreparationoftrueandfairprofitandlossaccountandbalancesheetandtomaintainaccountabilityofassets;selectingandapplyingappropriateaccountingpolicies;andmakingaccountingestimatesthatarereasonableinthecircumstances.

Auditors’ Responsibility

Ourresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonouraudit.WeconductedourauditinaccordancewithSingaporeStandardsonAuditing.Thosestandardsrequirethatwecomplywithethicalrequirementsandplanandperformtheaudittoobtainreasonableassurancewhetherthefinancialstatementsarefreefrommaterialmisstatement.

Anaudit involvesperformingprocedurestoobtainauditevidenceabouttheamountsanddisclosures inthefinancialstatements.Theproceduresselecteddependontheauditor’sjudgment,includingtheassessmentoftherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraudorerror.Inmakingthoseriskassessments,theauditorconsidersinternalcontrolrelevanttotheentity’spreparationandfairpresentationofthefinancialstatementsinordertodesignauditproceduresthatareappropriateinthecircumstances,butnotforthepurposeofexpressinganopinionontheeffectivenessoftheentity’sinternalcontrol.Anauditalsoincludesevaluatingtheappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimatesmadebycommittees,aswellasevaluatingtheoverallpresentationofthefinancialstatements.

Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforourauditopinion.


INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OFSINGAPORE LOGISTICS ASSOCIATIONINDEPENDENT AUDITORS’ REPORT (CONTINUED)

Opinion

Inouropinion,

i. thefinancialstatementsareproperlydrawnupinaccordancewiththeSingaporeFinancialReportingStandardssoastogiveatrueandfairviewofthestateofaffairsoftheAssociationasat31December2008andtheresults,changesinequityandcashflowsoftheAssociationfortheyearendedonthatdate.

H.T.Khoo&CompanyPublicAccountantsandCertifiedPublicAccountants100BeachRoad#24-01/02ShawTowerSingapore189702

Date:22April2009


BALANCE SHEET AS AT 31 DECEMBER 2008

2008 2007

Note S$ S$

NON-CURRENT ASSET

Property,plantandequipment 4 561,533 461,932

CURRENT ASSETS

Otherreceivables,depositsandprepayments 5 261,111 146,288

Fixeddeposits 6 1,025,037 866,647

Cashandbankbalances 6 51,309 452,203

1,337,457 1,465,138

TOTAL ASSETS 1,898,990 1,927,070

EQUITY

Accumulatedfund 1,103,391 1,055,480

NON-CURRENT LIABILITY

Deferredtax 1,800 500

CURRENT LIABILITIES

Subscriptionfeereceivedinadvance 29,100 4,740

Otherpayablesandaccruals 7 576,737 458,747

Governmentgrantsreceivedinadvance 8 183,162 393,316

Provisionfortaxation 4,800 14,287

793,799 871,090

TOTAL EQUITY AND LIABILITIES 1,898,990 1,927,070

Theaccompanyingnotesformanintegralpartofthesefinancialstatements.

CERTIFIED TRUE & CORRECT BY:

Chairman HonoraryTreasurer HonorarySecretary

QuekKengLiang LimBoonKwong OngKimHuat,Stanley


INCOME & EXPENDITURE ACCOUNTFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008

2008 2007

Note S$ S$

INCOME

Entrancefee 27,750 22,750

Grantsfromgovernment 8 603,470 -

Interestincome 9,747 16,738

Miscellaneousreceived 14,507 13,345

MTORegistry 6,480 6,720

Otherincome 17,333 -

PrintingandsalesofFIATAB/L 15,000 27,900

Scholarshipsponsor 50,400 -

SLAbooks 8,349 -

Subscriptionfee 412,667 383,501

TrainingCourses 633,482 503,270

1,799,185 974,224

Less:

ADMINISTRATIVE EXPENSES

Accountancyfee 16,950 10,800

Advertisement - 4,094

AnnualGeneralMeeting/Meetings 20,071 20,176

Auditfee 2,800 2,100

Bankcharges 390 236

Bonus/Incentives 52,095 78,686

CPFcontributions 31,864 32,865

Depreciationforproperty,plantandequipment 4 92,565 16,719

Fairs/missions/seminars - 1,897

Generalexpenses 9,571 8,633

Insurance 8,315 6,810

Internationalorganisationsmeetings 44,900 24,704

Internationalorganisationsmembershipfee 9,221 7,753

ISOConsultancy/certification/audit 3,660 1,500

LEADprojectexpenses 785,045 -

Legal&professionalfee - 2,287

Medicalfee 1,377 1,632

Membershippromotion 6,600 9,300

Newspapers&periodicals 1,393 1,451

Balancecarriedforward 1,086,817 231,643


INCOME & EXPENDITURE ACCOUNTFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008 (Continued)

2008 2007

Note S$ S$

ADMINISTRATIVE EXPENSES

Balancebroughtforward 1,086,817 231,643

Postages&stamps 9,335 9,896

Printing&stationery 16,339 10,980

PrintingofFIATAB/L 3,720 6,400

Propertytax 3,240 3,240

PUBcharges 1,851 4,183

Publicityactivities/materials 17,953 15,995

Recruitmentexpenses 8,444 -

Repair&maintenance 5,208 10,649

Salary 234,778 237,291

SLAbooks - 8,214

Stafftraining 1,533 -

Taxfee - 425

Telecomcharges 7,681 3,588

TrainingCourses 343,861 283,737

Transportcharges 2,743 2,585

Uniform 1,200 (1,800)

1,744,703 827,026

Surplusofincomeoverexpenditurebeforetaxation 54,482 147,198

Taxation 9 (6,571) (14,200)

Surplusforthefinancialyearaftertaxation 47,911 132,998

Accumulatedfundbroughtforward 1,055,480 922,482

Accumulatedfundcarriedforward 1,103,391 1,055,480



STATEMENT OF CASH FLOWSFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2008

2008 2007

Note S$ S$

Cash flow from operating activities

Surplusofincomeoverexpenditurebeforetaxation 54,482 147,198

Adjustmentfor:-

Depreciationforproperty,plantandequipment 92,565 16,719

Operating profit before working capital changes 147,047 163,917

(Increase)/Decrease in current assets

Otherreceivable,depositsandprepayments (114,823) 24,477

(Decrease)/Increase in current liabilities

Otherpayablesandaccruals (485,480) 65,955

Subscriptionfeereceivedinadvance 24,360 (19,593)

Cash (used in)/generated from operations (428,896) 234,756

Taxpaid (14,758) (4,913)

Net cash (used in)/generated from operating activities (443,654) 229,843

Cash flow from investing activity

Purchaseofplantandequipment (192,166) (1,502)

Net cash used in investing activity (192,166) (1,502)

Cash flow from financing activity

Governmentgrantsreceived 393,316 393,316

Net cash generated from financing activity 393,316 393,316

Net (decrease)/increase in cash and cash equivalents (242,504) 621,657

Cash and cash equivalents at beginning of year 1,318,850 697,193

Cash and cash equivalents at end of year 6 1,076,346 1,318,850



NOTES TO THE FINANCIAL STATEMENTSFor the financial year ended 31 December 2008

Thesenotesformanintegralpartofandshouldbereadinconjunctionwiththeaccompanyingfinancialstatements:

1. GENERAL

Thegeneralpurposeof theAssociation is topromote,protectanddevelopasound logistics industrygenerally; todevelop,promoteandenhanceSingaporeasaregionalandinternationallogisticscentre;andtorepresent,protectandpromotetheinterestsofthemembers.

Therehasbeennosignificantchangeinthisgeneralpurposeduringthefinancialyear.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 Basis of preparation

ThefinancialstatementsoftheAssociationhavebeenpreparedinaccordancewithSingaporeFinancialReportingStandards(FRS).

Thefinancialstatementshavebeenpreparedonthehistoricalcostbasisexceptasdisclosedintheaccountingpoliciesbelow.

ItemsincludedinthefinancialstatementsoftheAssociationaremeasuredusingthecurrencyoftheprimaryeconomicenvironmentinwhichtheAssociationoperates(“thefunctionalcurrency”).ThefinancialstatementsarepresentedinSingaporedollars,whichistheAssociation’sfunctionalandpresentationcurrency.

Inthecurrentfinancialyear,theAssociationhadadoptedall thenewandrevisedFRSsandInterpretationsofFRSs(“INTFRSs”)thatarerelevanttoitsoperationsandeffectiveforannualperiodsbeginningonorafter1January2008.Theadoptionofthesenew/revisedFRSsandINTFRSshasnomaterialeffectonthefinancialstatementsexceptasotherwisedisclosedinnotestothefinancialstatements.

TheAssociationhasnotadoptedthefollowingFRSandINTFRSthathavebeenissuedbutnotyeteffective:

Reference Description Effective for annual periods beginning on or after

INTFRS113 CustomerLoyaltyProgrammes 1July2008

FRS1

FRS23

FRS32

-PresentationofFinancialStatements-Revisedpresentation

-PresentationofFinancialStatements-AmendmentsrelatingtoPuttableFinancialInstrumentsandObligationsArisingonLiquidation

BorrowingCosts

FinancialInstruments:Presentation-AmendmentsrelatingtoPuttableFinancialInstrumentsandObligationsArisingonLiquidation

1January2009

1January2009

1January2009

1January2009

FRS102 Share-basedpayment-Vestingconditionsandcancellations 1January2009

FRS108 OperatingSegments 1January2009



2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2.1 Basis of preparation (Continued)Themanagementexpectsthattheadoptionoftheabovepronouncementswillhavenomaterialimpactonthefinancialstatementsintheperiodofinitialapplication,exceptforFRS1asindicatedbelow.

FRS 1 Presentation of Financial Statements – Revised presentation

TherevisedFRS1requiresownerandnon-ownerchangesinequitytobepresentedseparately.Thestatementofchangesinequitywillincludeonlydetailsoftransactionswithowners,withallnon-ownerchangesinequitypresentedasasinglelineitem.Inaddition,therevisedstandardintroducesthestatementofcomprehensiveincome:itpresentsallitemsofincomeandexpenserecognisedinprofitorloss,togetherwithallotheritemsofrecognisedincomeandexpense,eitherinonesinglestatement,orintwolinkedstatements.TheAssociationiscurrentlyevaluatingtheformattoadopt.

2.2 Property, plant and equipment

Allitemsofproperty,plantandequipmentareinitiallyrecordedatcost.Thecostofanitemofproperty,plantandequipmentisrecognisedasanassetif,andonlyif,itisprobablethatfutureeconomicbenefitsassociatedwiththeitemwillflowtotheAssociationandthecostoftheitemcanbemeasuredreliably.

Subsequenttorecognition,plantandequipmentandfurnitureandfixturesaremeasuredatcostlessaccumulateddepreciationandaccumulatedimpairmentlosses.

Depreciationiscomputedonastraight-linebasisovertheestimatedusefullivesoftheassetsasfollows:

-Computers : 1to5years-Furniture&Fittings : 5years-Officeequipment : 5years-Renovation : 3to5years-Leaseholdproperty : 50years

Thecarryingvaluesofproperty,plantandequipmentarereviewedforimpairmentwheneventsorchangesincircumstancesindicatethatthecarryingvaluemaynotberecoverable.

Theresidualvalue,usefullifeanddepreciationmethodarereviewedateachfinancialyear-endtoensurethattheamount,methodandperiodofdepreciationareconsistentwithpreviousestimatesandtheexpectedpatternofconsumptionofthefutureeconomicbenefitsembodiedintheitemsofproperty,plantandequipment.

Anitemofproperty,plantandequipmentisderecognisedupondisposalorwhennofutureeconomicbenefitsareexpectedfromitsuseordisposal.Anygainorlossonderecognitionoftheassetisincludedintheincomestatementintheyeartheassetisderecognised.




2.3 Revenue

RevenueisrecognisedtotheextentthatitisprobablethattheeconomicbenefitswillflowtotheAssociationandtherevenuecanbereliablymeasured.Revenueismeasuredatthefairvalueofconsiderationreceivedorreceivable.

a) Members’ subscriptions

Members’subscriptionsarerecognisedonaccrualbasis.

b) Interest income

Interestincomeisrecognisedonaccrualbasis.

2.4 Income taxes

a) Current tax

Currenttaxassetsandliabilitiesforthecurrentandpriorperiodsaremeasuredattheamountexpectedtoberecoveredfromorpaidtothetaxationauthorities.Thetaxratesandtaxlawsusedtocomputetheamountarethosethatareenactedorsubstantivelyenactedbythebalancesheetdate.

Currenttaxesarerecognisedintheincomestatementexceptthattaxrelatingtoitemsrecogniseddirectlyinequityisrecogniseddirectlyinequity.

b) Deferred tax

Deferredincometaxisprovidedusingtheliabilitymethodontemporarydifferencesatthebalancesheetdatebetweenthetaxbasesofassetsandliabilitiesandtheircarryingamountsforfinancialreportingpurposes.

Deferredtaxassetsandliabilitiesarerecognisedforalltemporarydifferences,except:

- Where thedeferred taxarises from the initial recognitionof anassetor liability in a transaction that is not abusinesscombinationand,atthetimeofthetransactionaffectsneithertheaccountingprofitnortaxableprofitorloss;

- Inrespectoftemporarydifferencesassociatedwithinvestments insubsidiaries,associatesandinterests in jointventures,wherethetimingofthereversalofthetemporarydifferencescanbecontrolledbytheAssociationanditisprobablethatthetemporarydifferenceswillnotreverseintheforeseeablefuture;and




2.4 Income taxes (Continued)

b) Deferred tax (Continued)

- Inrespectofdeductibletemporarydifferencesandcarry-forwardofunusedtaxcreditsandunusedtax losses, if it isnotprobablethattaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencesandcarry-forwardofunusedtaxcreditsandunusedtaxlossescanbeutilised.

Thecarryingamountofdeferredtaxasset is reviewedateachbalancesheetdateandreducedtotheextentthat it isno longerprobable thatsufficient taxableprofitwillbeavailable toallowallorpartof thedeferred taxasset tobeutilised.Unrecogniseddeferredtaxassetsarereassessedateachbalancesheetdateandarerecognisedtotheextentthatithasbecomeprobablethatfuturetaxableprofitwillallowthedeferredtaxassettobeutilised.

Deferredtaxassetsandliabilitiesaremeasuredatthetaxratesthatareexpectedtoapplytotheyearwhentheassetisrealisedortheliabilityissettled,basedontaxratesandtaxlawsthathavebeenenactedorsubstantivelyenactedatthebalancesheetdate.

Deferred taxesare recognised in the incomestatementexcept thatdeferred tax relating to items recogniseddirectly inequity isrecogniseddirectlyinequityanddeferredtaxarisingfromabusinesscombinationisadjustedagainstgoodwillonacquisition.

c) Sales tax

Revenues,expensesandassetsarerecognisednetoftheamountofsalestaxexcept:

- Wherethesalestaxincurredinapurchaseofassetsorservicesisnotrecoverablefromthetaxationauthority,inwhichcasethesalestaxisrecognisedaspartofthecostofacquisitionoftheassetoraspartoftheexpenseitemasapplicable;and

- Receivablesandpayablesthatarestatedwiththeamountofsalestaxincluded.

Thenetamountofsalestaxrecoverablefrom,orpayableto,thetaxationauthorityisincludedaspartofreceivablesorpayablesinthebalancesheet.

2.5 Foreign currency

TransactionsinforeigncurrenciesaremeasuredintherespectivefunctionalcurrenciesoftheAssociationandarerecordedoninitialrecognitioninthefunctionalcurrenciesatexchangeratesapproximatingthoserulingatthetransactiondates.Monetaryassetsandliabilitiesdenominatedinforeigncurrenciesaretranslatedattherateofexchangerulingatthebalancesheetdate.Non-monetaryitemsthataremeasuredintermsofhistoricalcostinaforeigncurrencyaretranslatedusingtheexchangeratesasatthedatesoftheinitialtransactions.Non-monetaryitemsmeasuredatfairvalueinaforeigncurrencyaretranslatedusingtheexchangeratesatthedatewhenthefairvaluewasdetermined.




2.6 Impairment of non-financial assets

TheAssociationassessesateachreportingdatewhetherthereisanindicationthatanassetmaybeimpaired.Ifanysuchindicationexists,orwhenannualimpairmentassessmentforanassetisrequired,theAssociationmakesanestimateoftheasset’srecoverableamount.

Anasset’srecoverableamount isthehigherofanasset’sorcash-generatingunit’sfairvalue lesscoststosellanditsvalue inuseandisdeterminedforanindividualasset,unlesstheassetdoesnotgeneratecashinflowsthatarelargelyindependentofthosefromotherassets.Inassessingvalueinuse,theestimatedfuturecashflowsexpectedtobegeneratedbytheassetarediscountedtotheirpresentvalue.Wherethecarryingamountofanassetexceedsitsrecoverableamount,theassetiswrittendowntoitsrecoverableamount.

Impairmentlossesarerecognisedintheincomestatementexceptforassetsthatarepreviouslyrevaluedwheretherevaluationwastakentoequity.Inthiscasetheimpairmentisalsorecognisedinequityuptotheamountofanypreviousrevaluation.

Anassessmentismadeateachreportingdateastowhetherthereisanyindicationthatpreviouslyrecognisedimpairmentlossesmaynolongerexistormayhavedecreased.Apreviouslyrecognisedimpairmentlossisreversedonlyiftherehasbeenachangeintheestimatesusedtodeterminetheasset’srecoverableamountsincethelastimpairmentlosswasrecognised.Ifthatisthecase,thecarryingamountoftheassetisincreasedtoitsrecoverableamount.Thatincreasecannotexceedthecarryingamountthatwouldhavebeendetermined,netofdepreciation,hadnoimpairmentlossberecognizedpreviously.Suchreversalisrecognisedintheincomestatementunlesstheassetismeasuredatrevaluedamount,inwhichcasethereversalistreatedasarevaluationincrease.

2.7 Financial assets

Financialassetsarerecognisedonthebalancesheetwhen,andonlywhen,theAssociationbecomesapartytothecontractualprovisionsofthefinancialinstrument.

Whenfinancialassetsarerecognisedinitially,theyaremeasuredatfairvalue,plus,inthecaseoffinancialassetsnotatfairvaluethroughprofitorloss,directlyattributabletransactioncosts.

Afinancialassetisderecognisedwherethecontractualrighttoreceivecashflowsfromtheassethasexpired.Onderecognitionofafinancialassetinitsentirety,thedifferencebetweenthecarryingamountandthesumoftheconsiderationreceivedandanycumulativegainorlossthathasbeenrecogniseddirectlyinequityisrecognisedintheincomestatement.

Allregularwaypurchasesandsalesoffinancialassetsarerecognisedorderecognisedonthetradedatei.e.thedatethattheAssociationcommitstopurchaseorselltheasset.Regularwaypurchasesorsalesarepurchasesorsalesoffinancialassetsthatrequiredeliveryofassetswithintheperiodgenerallyestablishedbyregulationorconventioninthemarketplaceconcerned.

a) Loans and receivables

Financialassetswithfixedordeterminablepaymentsthatarenotquotedinanactivemarketareclassifiedasloansandreceivables.Subsequenttoinitialrecognition,loansandreceivablesaremeasuredatamortisedcostusingtheeffectiveinterestmethod.Gainsandlossesarerecognisedintheincomestatementwhentheloansandreceivablesarederecognisedorimpaired,andthroughtheamortisationprocess.



2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2.8 Impairment of financial assets

TheAssociationassessesateachbalancesheetdatewhetherthereisanyobjectiveevidencethatafinancialassetisimpaired.

a) Assets carried at amortised cost

Ifthereisobjectiveevidencethatanimpairmentlossonfinancialassetscarriedatamortisedcosthasbeenincurred,theamountofthelossismeasuredasthedifferencebetweentheasset’scarryingamountandthepresentvalueofestimatedfuturecashflowsdiscountedatthefinancialasset’soriginaleffectiveinterestrate.Thecarryingamountoftheassetisreducedthroughtheuseofanallowanceaccount.Theimpairmentlossisrecognisedintheincomestatement.

When theassetbecomesuncollectible, thecarryingamountof impairedfinancialassets is reduceddirectlyor ifanamountwaschargedtotheallowanceaccount,theamountschargedtotheallowanceaccountarewrittenoffagainstthecarryingvalueofthefinancialasset.

Todeterminewhether there isobjectiveevidence thatan impairment lossonfinancialassetshasbeen incurred, theAssociationconsidersfactorssuchastheprobabilityofinsolvencyorsignificantfinancialdifficultiesofthedebtoranddefaultorsignificantdelayinpayments.

Ifinasubsequentperiod,theamountoftheimpairmentlossdecreasesandthedecreasecanberelatedobjectivelytoaneventoccurringaftertheimpairmentwasrecognised,thepreviouslyrecognisedimpairmentlossisreversedtotheextentthatthecarryingamountoftheassetdoesnotexceeditsamortisedcostatthereversaldate.Theamountofreversalisrecognisedintheincomestatement.

b) Assets carried at cost

Ifthereisobjectiveevidence(suchassignificantadversechangesinthebusinessenvironmentwheretheissueroperates,probabilityof insolvencyorsignificantfinancialdifficultiesoftheissuer)thatanimpairmentlossonfinancialassetscarriedatcosthasbeenincurred,theamountofthelossismeasuredasthedifferencebetweentheasset’scarryingamountandthepresentvalueofestimatedfuturecashflowsdiscountedatthecurrentmarketrateofreturnforasimilarfinancialasset.Suchimpairmentlossesarenotreversedinsubsequentperiods.

2.9 Cash and cash equivalents

Cashandcashequivalentscomprisecashonhand,demanddeposits,andshort-term,highlyliquidinvestmentsthatarereadilyconvertibletoknownamountofcashandwhicharesubjecttoaninsignificantriskofchangesinvalue.

2.10 Provisions

ProvisionsarerecognisedwhentheAssociationhasapresentobligationasaresultofapastevent,itisprobablethatanoutflowofeconomicresourceswillberequiredtosettletheobligationandtheamountoftheobligationcanbeestimatedreliably.

Provisionsarereviewedateachbalancesheetdateandadjustedtoreflectthecurrentbestestimate.Ifitisnolongerprobablethatanoutflowofeconomicresourceswillberequiredtosettletheobligation,theprovisionisreversed.Iftheeffectofthetimevalueofmoneyismaterial,provisionsarediscountedusingacurrentpretaxratethatreflects,whereappropriate,therisksspecifictotheliability.Whendiscountingisused,theincreaseintheprovisionduetothepassageoftimeisrecognisedasafinancecost.




2.11 Government grants

Governmentgrantsarerecognisedattheirfairvaluewherethereisreasonableassurancethatthegrantwillbereceivedandallattachingconditionswill be compliedwith.Where thegrant relates to an expense item, it is recognised in the income statement over theperiodnecessarytomatchthemonasystematicbasistothecoststhatitisintendedtocompensate.

2.12 Financial liabilities

Financialliabilitiesarerecognisedonthebalancesheetwhen,andonlywhen,theAssociationbecomesapartytothecontractualprovisionsofthefinancialinstrument.

Financial liabilitiesare recognised initially at fair value,plus, in the caseoffinancial liabilitiesother thanderivatives,directlyattributabletransactioncosts.

Subsequent to initial recognition, all financial liabilities are measured at amortised cost using the effective interest method, except forderivatives,whicharemeasuredatfairvalue.

Afinancialliabilityisderecognisedwhentheobligationundertheliabilityisextinguished.Forfinancialliabilitiesotherthanderivatives,gainsandlossesarerecognisedintheincomestatementwhentheliabilitiesarederecognisedorimpaired,andthroughtheamortisationprocess.Anygainsorlossesarisingfromchangesinfairvalueofderivativesarerecognisedintheincomestatement.Netgainsorlossesonderivativesincludeexchangedifferences.

2.13 Employee benefits

a) Defined contribution plans

TheAssociationparticipatesinthenationalpensionschemesasdefinedbythelawsofthecountriesinwhichithasoperations.Inparticular,theAssociationmakecontributionstotheCentralProvidentFundschemeinSingapore,adefinedcontributionpensionscheme.Contributions todefinedcontributionpensionschemesare recognisedasanexpense in theperiod inwhich the relatedserviceisperformed.

b) Employee entitlements to annual leave

Employeeentitlementstoannualleavearerecognizedwhentheyaccruetoemployees.Aprovisionismadefortheestimatedliabilityforleaveasaresultofservicesrenderedbyemployeesuptobalancesheetdate.

2.14 Contingencies

Acontingentliabilityorassetisapossibleobligationorassetthatarisesfrompasteventsandwhoseexistencewillbeconfirmedonlybytheoccurrenceornon-occurrenceofuncertainfutureevent(s)notwhollywithinthecontroloftheAssociation.

ContingentliabilitiesandassetsarenotrecognisedonthebalancesheetoftheAssociation.



3. SIGNIFICANT ACCOUNTING JUDGEMENTS AND ESTIMATES

The preparation of theAssociation’s financial statements requires management to make judgements, estimates and assumptions that affect thereportedamountsofrevenues,expenses,assetsandliabilities,andthedisclosureofcontingentliabilitiesatthereportingdate.However,uncertaintyabouttheseassumptionsandestimatescouldresultinoutcomesthatcouldrequireamaterialadjustmenttothecarryingamountoftheassetorliabilityaffectedinthefuture.

3.1 Key sources of estimation uncertainty

Thekeyassumptionsconcerningthefutureandotherkeysourcesofestimationuncertaintyatthebalancesheetdate,thathaveasignificantriskofcausingamaterialadjustmenttothecarryingamountsofassetsandliabilitieswithinthenextfinancialyeararediscussedbelow.

a) Useful lives of plant and equipment

Thecostofplantandequipmentisdepreciatedonastraight-linebasisovertheplantandequipment’sestimatedeconomicusefullives.

Managementestimatestheusefullivesoftheseplantandequipmenttobewithin1to50years.Changesintheexpectedlevelofusagecouldimpacttheeconomicusefullivesandtheresidualvaluesoftheseassets,therefore,futuredepreciationchargescouldberevised.ThecarryingamountoftheAssociation’splantandequipmentatthebalancesheetdateisdisclosedinNote4tothefinancialstatements.


NOTES TO THE FINANCIAL STATEMENTSFor the financial year ended 31 December 2008 4. PROPERTY, PLANT AND EQUIPMENT

ComputersFurniture& Fittings

OfficeEquipment Renovation

Leasehold Property Total

S$ S$ S$ S$ S$ S$

Cost

At1.1.07 55,329 56,193 56,798 49,743 675,223 893,286

Additions 752 - 750 - - 1,502

At31.12.07 56,081 56,193 57,548 49,743 675,223 894,788

Additions 33,414 34,335 35,232 89,185 - 192,166

At31.12.08 89,495 90,528 92,780 138,928 675,223 1,086,954

Accumulated depreciation

At1.1.07 55,329 55,249 56,480 46,522 202,557 416,137

Depreciationfortheyear 752 315 467 1,681 13,504 16,719

At31.12.07 56,081 55,564 56,947 48,203 216,061 432,856

Depreciationfortheyear 33,414 7,181 7,197 31,269 13,504 92,565

At31.12.08 89,495 62,745 64,144 79,472 229,565 525,421

Net Book Value

At31.12.07 - 629 601 1,540 459,162 461,932

At31.12.08 - 27,783 28,636 59,456 445,658 561,533

5. OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS

2008 2007

S$ S$

Otherreceivables 234,924 136,287

Deposits 920 720

Prepayments 25,267 9,281

261,111 146,288



6. CASH AND CASH EQUIVALENTS

2008 2007

S$ S$

Fixeddeposits 1,025,037 866,647

Cashonhand 669 1,121

Cashatbank 50,640 451,082

1,076,346 1,318,850

Thefixeddepositsbearinterestatratebetween0.425%to0.8125%(2007:1.7%)perannum.

Theanalysisoftheabovebalancesbycurrenciesareasfollows:-

2008 2007

S$ S$

SingaporeDollars 1,032,487 1,276,762

UnitedStatesDollars 43,859 42,088

1,076,346 1,318,850

7. OTHER PAYABLES AND ACCRUALS

2008 2007

S$ S$

Otherpayables(Note10) 489,789 359,763

Accruals 86,948 98,984

576,737 458,747

8. GOVERNMENT GRANTS RECEIVED IN ADVANCE

2008 2007

S$ S$

At1January 393,316 -

Grantsreceivedduringtheyear(Note10) 393,316 393,316

Utilisationofgrantscreditedtoincomeandexpenditureaccount (603,470) -

At31December 183,162 393,316


NOTES TO THE FINANCIAL STATEMENTSFor the financial year ended 31 December 2008 9. TAXATION

2008 2007S$ S$

Taxation-currentyearprovision 4,800 14,200-prioryearunderprovision 471 -

Deferredtaxationprovidedfortheyear 1,300 -6,571 14,200

InaccordancewithSection11(2)oftheSingaporeIncomeTaxAct,theAssociation’s incomeistaxableasmorethanhalfof itsreceiptsbywayofentrancefeeandsubscriptionformanallowabledeductiontoitsmembers.

Areconciliationofincometaxexpensefortheassociationisasfollows:-

2008 2007S$ S$

Surplusofincomeoverexpenditurebeforetaxation 54,482 147,198Tax@18% 9,807 26,496Expensesnotdeductiblefortaxpurpose 16,662 3,009Wearandtearallowances (15,540) (369)Taxexemption (5,914) (15,018)Underprovisioninprioryears 471 -Deferredtaxationprovidedfortheyear 1,300 -Other (215) 82

6,571 14,200

10. RECLASSIFICATIONS AND COMPARATIVE FIGURES

Certain reclassifications have been made to the prior year’s financial statements to enhance comparability with the current year’s financialstatements.

Asaresult,certainlineitemshavebeenamendedonthefaceofthebalancesheet,income&expenditureaccountandstatementofcashflows,andtherelatednotestothefinancialstatements.Comparativefigureshavebeenadjustedtoconformwiththecurrentyear’spresentation.

Theitemswerereclassifiedasfollows:

Previouslyreported

2007S$

Afterreclassification

2007S$

Otherpayables(Note7) 753,079 359,763Governmentgrantsreceivedinadvance(Note8) - 393,316


ORDINARY MEMBERS (as at 31 December 2008)

Name Accredited Representative Alternate

“K”LineLogistics(S)PteLtd MrGeoffreyYeong MrNakamuraTamiyoshi

A&TFreightManagementPteLtd MsJeanTan

a.hartrodtSingaporePteLtd MrRonnyKiekens MrRickyPhua

ABXLOGISTICS(S)PteLtd MsKarenOng MsLeongHupKwan

AconGlobalLogisticsPteLtd MrStanleyLimHweeHong

ActlinkContainerLinesPteLtd MrLimKahWui MsLimLekYong

AddiconLogisticsManagement(S)PteLtd MrBenjaminKohIngKiat MrSeeToh

AerohubLogisticsPteLtd MrDanielTeeKokChin MrTerenceLimChengHwee

AEXShippingPteLtd MrLawrenceLee MsSohBeeKah,Jacquelyn

AGIFreightSingaporePteLtd MrAlvinKwek

AgilityFairs&EventsLogisticsPteLtd DrNatWong MrKwaEngKiat

AgilityInternationalLogisticsPteLtd MrRobertLoo MrEddieSng

AhlersSingaporePteLtd MrTanKweeTeck

AikHuatTransportPteLtd MrBSTan MrBMTan

AirMarketExpress(S)PteLtd MrSoonLeeAnn

AlkadriExpressTransportation(S)PteLtd MrIshakBinHussein MsNurhafezahBteIshak

AlligatorLogisticsPteLtd MrLohKhaiHong

ALPSLogistics(S)PteLtd MrJunichiShibata

AltronShippingPteLtd MrLeoTengHong MsYeoPeiLingVeronica

AltusLogisticsPteLtd MrMichaelEllsworth MrCharlesHewitt

AmeroidLogistics(S)PteLtd MrStevenTanWahSing MsSabrinaTan

AmsbachOffshoreServicesPteLtd MrDickLingLitKwong MrJebsenSoh

AnshinLogisticsPteLtd MsAngelaGohAikMui

AnslemLogisticsPteLtd MrLeoSungHoon

APMGlobalLogisticsSingaporePteLtd MrLiewNamNgen

ASLSolutionsPteLtd MrEricHooKhiangHwa MrTeoChaiJing

A-SonicCargoplusPteLtd MrGaryOng MsChloeWong

AtlanticForwardingPteLtd MrMarcMatschullat MrStevenQuek

AtlasLogistics(FarEast)PteLtd MrNelsonTan MsDebbieHoHuiLing

AwTransport&WarehousingPteLtd MrOhLiongSin MsOhHuiTing

BHSKineticPteLtd MdmPhuaSeakJoo MrAlexLinHuangqing

BalajiLogistics(Singapore)PteLtd MrAnandSitaraman

BALtransLogisticsPteLtd MrEdmundNgSoonNam MsLeongYimLing

BatamindoShipping&WarehousingPteLtd MrChanWaiYuenShaun MrLohYinNam

BayswaterShippingandForwardingPteLtd MrKelvinTanKengHock MrAlexSimKayBoon

BDP(AsiaPacific)PteLtd MsAnnaNeo

BiforstSingaporePteLtd MrKohHanLee MrAndyLim

BigFootLogisticPteLtd MrYahiyaKhan MrSanny

BintangMarineShippingPteLtd MrStevenEeMinKiat MrGohBoonChong

BLL’sTransportationandTradingPteLtd MsJoeannLee MrTonyLeeBoonLeng

BlueWaterShippingSingaporePteLtd MrJasonGohKwangSoon

BokSengLogisticsPteLtd MrDaveNgWeePeng MrPeterChuaSueyHuat

C&PHoldingsPteLtd MrChristopherYeoJoonHong MrWongKaiHong

C&PLogisticsPteLtd MrPhilippeGiraud MsVivianOng

C.ChantinsPteLtd MsAnnitaChoong MrVincentChoong




CATransportation&WarehousingPteLtd MsChuaSuiFeng,Joyce MsChuaShuHui,Jolyn

CCILogisticsPteLtd MrMikeKimMinHo

CentralExpressLinesPteLtd MrLimMengSwee MrLimBoonChye

CEVAFreight(Singapore)PteLtd MrDuiSianLing

ChasenLogisticsServicesLimited MrLowWengFatt,Justin MsYapBengGeok,Dorothy

CHCExpressPteLtd MrOngTeongChin MrAlexOngAhHoe

ChuKongLogistics(Singapore)PteLtd MrLuYouBang MrZhangZeyong

CJGLS(S)ShippingPteLtd MrCheongKwokWeng MrWinartoJauhari

CKShipping(S)PteLtd MrKenNgan MrChristopherLei

CohesiveShippingPteLtd MrThomasChew MrMazlan

CollyerLogistics(S)PteLtd MrMichaelOng MrMikeJrOng

CompassRoseFreightSystemsPteLtd MsRoseTanMuiKwee MrTanCheeMinSunny

ContinentalFeedersPteLtd MrDannyYau MrJackTan

Country-RollContainers(Pte)Ltd MrPeterNeoSiewChoon MsNancyTan

CrystalFreightServicesPteLtd MsDorisSoh

CTILogisticsPteLtd MrBillyLimWuiChin MrTanSzeCheng

CWTGlobelinkPteLtd MrTanChoonWei

CWTLimited MrLeeSoonHeng

DanAirfreightPteLtd MrDanielMah MdmJocelynTang

DartExpress(S)PteLtd MrRalphKoh MrMichaelLeong

DawnInternationalForwarderPteLtd MrRichardNgSayHong

DawnShipping&TransportCompany(Pte)Ltd MrNgKahYong MsErYockHung

Deugro(Singapore)PteLtd MrKwokSaiSoo,David MrWilliamTan

DextransWorldwidePteLtd MrJeffreyHeng MrNgSayYeow

DHLExelSupplyChainSingaporePte.Ltd. MrBrentSeah MrFarmTaiChyang

DHLGlobalForwarding(Singapore)PteLtd MrSamAng MsLeonaSeah

DiamondInternationalConsolidators(S)PteLtd MsSusanAng MrTanKhimKoon

DSTLinesPteLtd MrNgKahYong MrCalvinCheeYongMeng

DSVAir&SeaPteLtd MrRichardSchroeter

EastransLines(S)PteLtd MrMatthewEr MrChristopherEr

EBSLogisticsPteLtd MrLowWeeBing

EESFreightServicesPteLtd MrGilbertTjong MsJeanChuang

EmbassyFreightServicesPteLtd MrTyeWaiKit MsTengSiewHar

EngLeeLogisticsPteLtd MrNeoEngSing MrNeoChinSeng

EnsignFreightPteLimited MrLeeKamFai MrVictorOngKianHwa

EuroPacShippingAgenciesPteLtd MrAlbertFooBiowAnn MrTanKokHua

EveriseFreightForwardersPteLtd MrFrancisWong MrSimonTanHockLoo

EverprimeShippingPteLtd MrsIreneTay

ExpresswayLogisticsPteLtd MrRazaliJaafar MrEricLim

F.H.BertlingPteLtd MrKlausKohlmeyer MrDanChua

F.S.FreightSystemsPteLtd MrKelvinCheong MsJoyceYow

FlextronicsLogistics(Singapore)PteLtd MsChristineLee

FPSGlobalLogisticsPteLtd MrTanHoSung@TaufiqTan MrTanHoeChuan

FR.Meyer’sSohn(FarEast)PteLtd MrAndreasBolte

FreightLinksExpressPteLtd MrLimBoonKwong MrAlexNgBoonChuan




FreightLinksLogisticsPteLtd MrPhilipLimKokTong MrVincentSeeChinHok

FreightSystemsLogisticsPteLtd MrPUJayaprakash MsSumathiVKumar

FreightmenPteLtd MrAlecKoh MsIvyLim

Fujitrans(Asia)PteLtd MrHirotoshiKitano MrFrancisChngChaiHock

FurnessInternationalPteLtd MrPeterNeo MrNeoSteven

GAC(Singapore)PteLtd MrJorgenNielsen MsMavisNatallieTan

GELinesPteLtd MrGerardEr MrChristopherEr

GeodisWilsonSingaporePteLtd MrChristopherLee MrVincentOng

GeometraWorldwideMoversPteLtd MrRajamohanMunisamy MrStevenRaj

GermaxcoShippingAgenciesPteLtd MrPngYongPeng MrChewCheeKiong

GilmonTransportation&WarehousingPteLtd MrSimonK.S.Teo MrChuaChungWuiThomas

GKEExpressLogisticsPteLtd MrTanChuanHock MsMichelleLing

GKEFreightPteLtd MsDoreenChai MsMarzitahMohammad

GKEMetalLogisticsPteLtd MrNeoCheowHui MsSerenaBoey

GKEWarehousing&LogisticsPteLtd MsMarinaNeo MrAbdulHamids/oAbdulRahman

GlobalAirfreightInternationalPteLtd MrStevenTan MrRichardHo

GlobalContainerFreightPteLtd MrAGHang MrKrisNgHeeTeck

GlobelinkMarine(China)PteLtd MrTanChoonWei MrNgHoMing

GoldinEnterprisePteLtd MrTeoWoonHun MrChuaWeeKiongTimothy

GoldinShippingPteLtd MrDanielTeeKokChin MsChloeWong

GoldstreamContainers(Pte)Ltd MrLarryTanHuat MrNeoSiewChoon

GoodwayAgencies(Shipping)PteLtd MrNgTeckSoon MrNgHockAnn,Augustine

GriffinKineticPteLtd MrTanYueBoonGerry MrRPremnath

Haba-SpedLogisticsPteLtd MsMarilynTan MrHenryTayKoonBeng

HalconPrimoLogisticsPteLtd MrSureshJoseph

HankyuInternationalTransport(S)PteLtd MrSatoshiKataoka

HarborairLogisticsPteLtd MrJeffSMChua MsCherlynChua

HarbourHandlersPteLtd MrJeffChua MsLizaSEChua

HawkForwardersPteLtd MrEricTan MsFlorenceWong

HeahLongSengTransport&TradingPteLtd MrRickyHeahHangChua MrAaronPhua

HeanNerngLogisticsPteLtd MrTobyTanYokeLim

HengLimTransportPteLtd MdmNeoSweeYin MrNeoKweeTeng

HenryBathSingaporePteLtd MrKelvinLow MsSueMeiYing

HMGLogisticsPteLtd MrAndrewTan MrYorkyLim

HNHInternationalPteLtd MsNeoLiTang MrDannyNeo

HuationgInlandTransportServicePteLtd MrLeeChinTiong MrLeeEngBock

HubDistributorsServicesPteLtd MrAlexEaHengHwa

HupSoonCheongServicesPteLtd MrAlvinHauEngSan MrAlbertHauBonSong

H-XpoGermaxcoInt’lPteLtd MrKamsanibinAbdulRahman MrMohamedRashidbinMohamedWari

HydenMarineServicesPteLtd MsPaulineTan

IMLogisticsSolutionPteLtd MrSiowFookSiongEddie MsLowElaine

IALLogistics(S)PteLtd MrLeonardKuo

ICSCargoServicesPteLtd MrGeoffreyAlvesNabi MrLawrenceLim

IDSLogisticsServicesPteLtd MrJamilSiddique MsSophiaLim

IFSLogistics(S)PteLtd MrYFSzeto MrJonesWongHonFai




iHubSolutionsPteLtd MrKohSanJoo

IICContainerLine(S)PteLtd MrSatyaKeerthi MrSekharRoyChoudhury

INASIAWarehousePteLtd MrYusoffBinIsmail

IndonesiaLogistik(S)PteLtd MsJenniferYeoh

IntasPteLtd MrTakeshiWatanabe MrNordinBinSaad

Integra2002PteLtd MsMichelleChea

InternationalFreightConsultants(S)PteLtd MrThomasSim MsAngelineMaryStephen

IpsenLogisticsPteLtd MrLimMengKwang MsGohBeeLeng

IslandLinePteLtd MrCheongKanSeng MsPansyLim

IvyWarehousing&TransportationPteLtd MrChristopherToh

J&FSealink(S)PteLtd MrMartinKoh

J.Martens(Asia-Pacific)PteLtd MrRichieChng

JASForwarding(S)PteLtd MrJackChan MsDoraWong

JetAir(S)PteLtd MsKatherineSimKuang

JetseaLogistics(S)PteLtd MrRonTayPohCheok

JFHillebrandSingaporePteLtd MrStevenChia MsJaneWong

JIMLogisticsManagementPteLtd MrAlbertChiaCheeHoe

JPExpressServicesPteLtd MrChongHongKheong MsEugenieLam

JSAS(Singapore)PteLtd MrAlbertToh MdmYvonneOng

JupiterSingaporePteLtd MsVioletFunLaiPeng

KCDat(Singapore)PteLtd MrJohnLim MrEricLim

Kardin-WanShenLogisticsPteLtd MrOngChengGuan MdmChinWaiFun

KaseLines(S)PteLtd MsHengAiLing MsMarilynTan

KatoenNatieSingapore(Jurong)PteLtd MrKoenCardon MrEddieCheong

KawanishiLogistics(S)PteLtd MsWongAiLin,Aileen MsSiewLaiKuin,Joanne

KeihinMulti-Trans(S)PteLtd MrKazuyukiIto MsElvinaOng

KenzoneSingaporePteLtd MrStevenChiaEngChye MsDoreenWeeChinChoo

KeppelContainerLinePteLtd MrHuiKewOn MrQuekHockPeng,Peter

KeppelLogisticsPteLtd MrQuekKengLiang MsJenniferTan

KeystoneLogisticServicesPteLtd MrMasumiMatsukawa MsTheresaTee

KimEeLogistics(Pte)Ltd MrPeterNeo MrNeoSteven

KingsfieldLogistics&TradingPteLtd MrAlfredSoh

KWE-KintetsuWorldExpress(S)PteLtd MrGabrielWong

KyukoCorporationPteLtd MrMitsuishiIsao MrJoeCho

L&HMulti-TransPteLtd MrLimAhHee MsLimHeeTiang

L&KIndustrialSupplies&ServicesCoPteLtd MrHoCheeLeong MdmTanBengKian

LAPDistributionPteLtd MsGenieThan MrStevenTeo

LeewayTrans-ActPteLtd MrMichaelLeeBoonSiong MrKohGimMeng

LeschacoPteLtd MrUweJacobsen MSChristinaTay

LimLogisticsandServicesPteLtd MrBMohanSingh MrGowthaman

LinerShippingPteLtd MsJessicaS.H.Tan MrRobinL.M.Teo

LisenLogistics&EngineeringPteLtd MrLimChinLaiSteven MrNeoAikPew

LitenLogisticsServicesPteLtd MrLimWuiLiat,Andrew MrLimJitSing,Jackson

LogistexInternationalPteLtd MrJonKohKahWei MsBrendaChoh

Logtrans(FarEast)PteLtd MsNorainiSariman MrWernerJurgVoigt




LogwinAir+OceanSingaporePteLtd MrWolfgangLaube MrJimmyLer

LPHFreightServicesPteLtd MrLeePengHan MsKwokSookYee

LSPPteLtd MrDanielHengYewKhiang MsHiSooFern

LuckyTransport&LogisticsPteLtd MrStevenGohChongPeng MdmTayChorEng,Theresa

M+RForwardingPteLtd MrGarethJohnDavidEvans MrWilsonWong

Mac-NelsAgenciesPteLtd MsJuliaLim

Macoline(S)PteLtd MrThomasLee

MandateLogisticsPteLtd MrDavidK.C.Yeo MrJohnnyC.L.Chionh

MarinaLogistics(S)PteLtd MsJoanneToh

MarkonoLogisticsPteLtd MrNgSiowHow MrBrianTan

MegastarShippingPteLtd MrKelvinNgo MrChuaSweeTeck

MegatonShippingPteLtd MrDannyLim MrKevinLimTiongEng

MeikoTrans(Singapore)PteLtd MrMasaakiUno MsKarenLow

MenloWorldwideLogisticsPteLtd MrEdwinChan MrSamLek

MerlionHoldingsPteLtd MrKhoBoonTeong MdmYeohSorKhim

Merzario(Singapore)PteLtd MrJeffreyChua

MichelleArtTransportPteLtd MrThomasYuenWing-Kan MsBelindaAuYuet-Ngan

MidwestAirInternationalPteLtd MsNeoGeokPeng

MidwestFreightandTransportationPteLtd MrFrancisChiang MrPeterChiang

MingHoeShipping&TransportationAgencyPteLtd MrVincentGohHanHong

MiniEnvironmentServicePteLtd MrMohamedJinnas/oMohamedAbdulJaleel MrChewChainLoon

Mitsui-Soko(S)PteLtd MrLawrenceLim MrTanNanKwong

MOLLogistics(Singapore)PteLtd MrTanSoonHua MrKelvinTeeChongSeng

MorrisonExpressLogisticsPteLtd MrHenryTayKengHai MrThomasOng

NaigaiNittoSingaporePteLtd MrYojiIshikawa MrNobuyukiInami

NEKLogisticsPteLtd MrDanielNgEngHuat MsGohSeokKhiang

NeoShippingAgenciesPteLtd MrJohnnyTan MrRonaldNeo

NipponExpress(Singapore)PteLtd MrMiyamotoTakao MrAnriNomura

NissinTransport(S)PteLtd MrHiroshiAzuma MrFooKheeSuan

NNRGlobalLogistics(S)PteLtd MrFukumaMasanori MrSamuelLim

NRSLogisticsPteLtd MrOnoKei

NTLNaigaiTransLine(S)PteLtd MrTakashiKodama MrYoshihikoYashiki

NYKLogistics(Asia)PteLtd MrWilliamWong MrHideyukiKoike

OceanTankers(Pte)Ltd MsJulianaLim MsSharonNg

OCWSLogisticsPteLtd MrKayKongSwan MrYeoTiongJoo

OhioExpressInternationalPteLtd MrKohEngChoon MrKohKwangHeng

OIAGlobalLogistics(Singapore)PteLtd MrKennyWeeBengChai

OneStopFreightServicesPteLtd MrAquilAhmed MrAnnurBasheerHidayathulla

OrientalGlobalShippingPteLtd MsEvelynTan MsGeraldineTan

OVContainerLinePteLtd MrBenPheeChengKoon MsJacquelineKu

PacificIntegratedLogisticsPteLtd MrLimSeyHock MsLimWanLiWendy

PanAsiaLogisticsSingaporePteLtd MsSusanTan MrLeonVinSen

PanOceanTransportPteLtd MrLauSweeKhim MrLauSweeTeck

PanasonicLogisticsServiceSingaporPteLtd MrEdwardLeeChoonHui MsBrigitteLoh

PanalpinaWorldTransport(S)PteLtd MrEricSwee MrFrancisKwa




PeckTiongChoonPteLtd MsSamanthaPek

PenanshinShippingPteLtd MrLeawWeeGin MdmKwohSzeLing,Cindy

PentagonFreightServices(S)PteLtd MrJackWong MrBernardYap

PhoenixAgenciesPteLtd MrHoCheeYuan,Jeffrey MsLinYueYing,Michelle

PhoenixInternationalFreight(Singapore)PteLtd MrTonyTanKimChin MrAdrianNeoh

PinnacleWorldTransportPteLtd MrBenToh

PioneerDistricentrePteLtd MrPohYouDe MrPohPhienSeah

PioneerExpressInternationalPteLtd MrAlanLee MsPohPohLeng

PioneerExpressShippingPteLtd MrKhoChuanKokPhilip MsThamYokeLingChristina

PNShippingPteLtd MrNgEngKhiam MsIreneOngChuiYen

PoSanTransportPteLtd MrPohPoSan MsVarineLimLooNah

PohTiongChoonLogisticsLtd MrPohKeyBoon MrPohKayHuat

PohTiongChoonShipping(Pte)Ltd MrPohKeyBoon MrPohKayYong

PremierG&ULogisticsPteLtd MsAnneChua

QuickfloLogisticsPteLtd MrJosephC.H.Khoo MrWinstonKhoo

RapidShippingPteLtd MrColinAng MrYKTai

RenusLogisticsPteLtd MrCharlesChui MsJennyChew

RichLandLogisticsServicesPteLtd MrLimChweeKim MrLimChweePoh

RongDeDistributionPteLtd MrCharlieAng MrTanSooPengSunny

Round-The-World(S)CorporationPteLtd MrAndrewE.J.Tan MSTanSiewLing

RouterLogisticsPteLtd MrAlfredPekYouLok MrJonathanTanKeeHieng

RulewaveSingaporePteLtd MrJamesBWhiteley

SabLogisticsPteLtd MrChuaPengBock

Sankyu(Singapore)PteLtd MrKiewBengMee MrTArima

SavinoDelBene(S)PteLtd MrMauroBazzurro MdmHengLengLeng

ScandinaviaWarehousesPteLtd DrKohLamSon MrsLynetteKoh

ScanwellLogistics(Singapore)PteLtd MrTangKeenFei MsLilyTan

SchenkerSingapore(Pte)Ltd MrChinKinWei MrAlbertTee

SDVLogisticsSingaporePteLtd MsWinnieSee MrCyrilDumon

SeagullMarineServices(Pte)Ltd MrStanleyLimHweeHong MrDenleyOng

Sea-HawkFreightPteLtd MrLarryLimTengNgiap MsPoonPohSim

Sea-ShoreTransportationPteLtd MrSharafdeens/oAbdulRasak

SenatorInternationalSingaporePteLtd MrPatrickTan

SenkeeLogisticsPteLtd MrRichardYong MrTerenceYong

SENKOInternationalLogisticsPteLtd MrMoriokaTetsuya MsMandyFongWanYin

SHCogentLogisticsPteLtd MrTanYeowLam,Edwin MrTanKokSian,Alvin

ShalomMoversPteLtd MrGideonLam MrCharleyChan

ShipcoTransportPteLtd MrSuneSimonsen MrSamuelChewSiouHow

SigmaContainerLinePteLtd MrWilliamNg MsJanetAng

SILKargoLogistics(Singapore)PteLtd MrLawTeckChong MsJulianawatiNomina(Lia)

SinChewWoodpaqPteLtd MrGohPengHong MrPohYongChye

Sin-FreightInternationalPteLtd MrLiangKengLeong MsAgnesTeoSuetLing

SingaporeOffshorePetroleumServicesPteLtd MrChingKhengHock MsHemaMNakulan

SingaporePostLimited MrDennisQuek MsCynthiaKoh

SingaporeTransportSupplyServicePteLtd MrTonyPngTeckSeng MrPeterTan




SKKFreightServicesPteLtd MsElaineLow MrReubenLowHongTat

SkyliftConsolidator(Pte)Ltd MsReginaTay MrAmosKng

SMIntegratedTranswarePteLtd MrLarryLim MrRaymondOng

S-NetFreight(Holdings)PteLtd MrLimTaoKwong

SNLLogisticsPteLtd MsValNg MsGohMuiChenIris

SonyElectronics(Singapore)PteLtd MrAlbertLee

SoonestExpress(S)PteLtd MrLimTowPeng MsJongChiewSze

SpeedmarkConsolidationServicePteLtd MrJamesOng MrPaulTeo

SpeedwayCargoServicesPteLtd MrNickOngNiapSeng

SpiralMarinePteLtd MrTanKaaSeng MsChanYuenYoke

SpiralTransportation&ServicesPteLtd MrTanKaaSeng MsChanYuenYoke

StJohnFreightSystemsPteLtd MrSantoshBalraj MrJohnsonThangiah

STLogisticsPteLtd BG(NS)LimYeowBeng MsEkBenChee

STSynthesisPteLtd MrGohLikKok MrPuahLianSeng

Storbest-SSHKColdLogisticsPteLtd MrCollinPhua MsIrenePhua

Store+Deliver+LogisticsPteLtd MrMichaelLee DrLeeAhTeng

Suzue-PSAColdStoragePteLtd MrL.Shekaran MrNakanishiFumio

SynergyLogisticsPteLtd MsEstellaLu MsHayatZakaria

TBCTransportation&TradingPteLtd MrDanielTehThiamYau MsJoanneTan

T.T.InternationalTradeparkPteLtd MrYapHockSoon MrMichaelKoh

T.V.L.Shipping(1997)PteLtd MrGaryNgWeeSiong MrJimmyLimTeckEng

TAAsiaLogisticsPteLtd MrSeeHupChoonWilliam MrMarcusStephenTanDekKit

TannyServicesPteLtd MrAlbertAngKimLoh MrAngEngWee,Roger

TavicaLogisticsPteLtd MrDavidKang MrPatrickTeo

TeckwahLogisticsPteLtd MrNgNaiPing MrPohBoonKiat

TentatLogisticsPteLtd MrLeeTengHong

TentatSingaporePteLtd MrLeeTengHong MsJeannetteOng

THTLogisticsPteLtd MrMarcusChang

TiongWoonEnterprisePteLtd MrBensonKow MrLeeCheeHoong

TiongWoonInternationalPteLtd MrAngKhaKing MsJaneAng

TiongWoonMarinePteLtd MrBensonKow MsChinChaiHui

TitanProjectServices(S)PteLtd MrGovindarasuTamilsalvan MrKaramjeetSingh

TLTTransportationPteLtd MrTohTeckKeng MrGanCherLunJeffrey

TNLExpressPteLtd MrTengKeokMing MrLayHweeKheng

TNSShippingServicesPteLtd MrDonaldOw MsSherrlyTanSanSan

TollLogistics(Asia)Limited MrVictorTanChinAnn MrHoKeeSin

ToyoLogistics(S)PteLtd MrKobayashiTomotaka MsIreneWan

ToyofujiShippingSingaporePteLtd MrEdwardTan MrYasukazuSawai

TransGlobalProjects(Singapore)PteLtd MsMervisYeo

Trans-Int’lShipping&Forwarding(S)PteLtd MrLawrenceLeong

TransitAirCargoSingaporePteLtd MrJamesNg MrTanChunTiong

TranslinerAsiaPacificPteLtd MrPazhayanoorRadhakrishnanSreenivas MrAbbasMohammedAzizVakharia

TransLinerPteLtd MrM.Jagannath MrPRSreenivas

TransoceanicShippingCompanyPteLtd MrLowYewWing

TranswareDistributionServicesPteLtd MrJawsTamilarasans/oKGMani MrDavidLeeWingKit




TransworldInternationalPteLtd MrChowTaToon

TridentDistricentrePteLtd MrZackTare MSCatherineChong

Tri-NetLogistics(Asia)PteLtd MrTakayoshiKatsumata

TTTransportation&LogisticsPteLtd MrSimonLeeSooHong MrFirdausIsmail

UBTSPteLtd MrJimmyNg MsJoyceLee

UBTSTechnologiesPteLtd MsJoyceLee MsCindySng

U-FreightSingaporePteLtd MrOngTengHuat

UltimateFreightServicesPteLtd MrRichardWongSH MsBelindaChow

UnisonTransportPteLtd MrJimmyKiewChunKhong MrLionelKiewChunYuen

UniversalTransportPteLtd MrTanHanLim MrMauriceTan

UniworldLogisticsPteLtd MrVinitGupte MrShahEran

UTiWorldwide(Singapore)PteLtd MrLoyNam

ValukargoGroupageServicesPteLtd MsSereneTeoLingYing MsEileenAng

VanguardLogisticsServices(Singapore)PteLtd MrRoyChew

VantecWorldTransport(S)PteLtd MsLorraineWong MrDannyWee

VascoMaritimePteLtd MrP.R.Sreenivas MsEveHeng

WakoExpressPteLtd MsLenaSee MsWinnieKang

WAPLogistics(Singapore)PteLtd MrRichmondTengTaiPiau

WarehouseLogisticsNetAsiaPteLtd MrJohnniePng MrBenGhazaliBinAbdKadinMohd

Warehousing&DistributionPteLtd MrSimonTanKaySeng MsCarolTang

WeiLeeTransportationCo.(Pte)Ltd MrYeoCheongLengPeter

Weiss-RohligSingaporePteLtd MrLincolnWaters MsEmilyTanSiewPeng

WheelerLogisticsPteLtd MrJackHongJenCien MrTanWeeKim

WHSLogisticsPteLtd MrYueHinHwee MrYueHinNgay

WinstarLogisticPteLtd MrMatthewChan MrLimSeeYongLeonard

WinstarShippingPteLtd MrMatthewChan MdmIvyTan

WorldgateExpressLinesPteLtd MrIvanLim MrJimmyOng

WorldgreenShippingPteLtd MsCindyTham MrFreddyOng

WorldscopeShippingPteLtd MrStanleyOng MrJohnLim

WorldwayExpressPteLtd MrWayneWangWei MsShereneKee

WWWCargoPteLtd MrWeiGaocheng MrsPhyuPhyuWynn

Wyn2000LogisticsPteLtd MrWinstonChu MrChuBengSiang

Wyn2000Transport&ContainerServicesPteLtd MrWinstonChu MrChuBengSiang

YamatoTransport(S)PteLtd MrJeremyWan MrKitoMasasumi

YangKeeLogisticsPteLtd MrKenKoh MrKohYangKee

YCHGlobalLogisticsPteLtd MrAveryTan DrRobertYap

YSLogistics(S)PteLtd MrYasuhideSakamoto

YusenAir&SeaService(S)PteLtd MrRichardChua MrAndyTan

ZimLogisticsS.E.APteLtd MrVincentChewSoonLiang


ASSOCIATE MEMBERS (as at 31 December 2008)

Name Accredited Representative

GryphonLogisticsPteLtd MrDesmondChewBoonSeong

I.M.FreightInternational MsElaineLow

I.M.RoadwaysPteLtd MrSiowFookSiongEddie

KaseLogistics(S)PteLtd MrYongHoiCheongGeorge

KenzoneAsiaPacificPteLtd MsJaneSeahPeiLing

Kewill-IpacsE-Solutions(S)PteLtd MrWongSingLam

MACS-UIBInsuranceBrokersPteLtd MrSamTan

MarcorpIntegratedPteLtd MrAzibBinAhmadMarican

MGRContainerLinePteLtd MrRajaSekhar

MSNShippingAgenciesPteLtd MdmSitiZawiahBinteAhmad

NanyangPolytechnic-SchoolofBusinessManagement

MrChrisLim

OneStopHabitat-CarePteLtd MrGavinRaj

Penanshin(PSAKD)PteLtd MrLeawWeeGin

RabobankInternational MsAliceGwee

RepublicPolytechnic MrEdmundChan

SingaporeTelecommunications MrAmosKek

SPLForwardersCo MrSoonTatHwa

StarlineLogisticsPteLtd MrSiawHooiChuan

Tech-LinkStorageEngineeringPteLtd MrTanHockSeng

TNTExpressWorldwideN.V. MrDavidStenberg

TranscontainerLimitedSingaporeBranch MrOhChongBoon

TranseraInternationalLogisticsPteLtd MrJohnIversen

TTClubMutualInsuranceLimited MrColinFordham

WHSGlobalTransportationPteLtd MrYueHinHwee

Xpress21PteLtd MsRinaBinteIsmail

YorkTransportEquipment(Asia)PteLtd MrJustinChan

Name Accredited Representative

a.hartrodt(S)LogisticsPteLtd MrRonnyKiekens

AAK-LogisticServices MrAngAnnKiat

AEOLogisticsPteLtd MrNordinBinAli

AgilityLogisticsSolutionsPteLtd MrDinoPertsinidis

AonConsulting(Singapore)PteLtd MrCollinChiew

ApexExpoLogisticsPteLtd MrNeoKimWahAndy

APLOInternationalPteLtd MrAlanChiangChungCheng

AquilaTransportSingaporePteLtd MrJohariAhmad

AsiaPacificWineHubPteLtd MrTanMengChongManfred

AutoscanTechnologyPteLtd MsTanGeokHoon

BenkelInternationalPteLtd MsChristieOngSoonJee

BPSGlobal(Singapore)PteLtd MrTerenceMalone

BrianMaePteLtd MrSeeBoonTiong

CargoInternationalPteLtd MrLeeChoonKhim

CargoWiseEdi(Singapore)PteLtd MrMikeConey

CJGLSAsiaPteLtd MrBrianParkEungHo

CrimsonLogicPteLtd MrDavidSiah

CyberlogTechnologiesInternationalPteLtd MrJadhavDhananjayBalkrishna

DirectGlobalLogisticsPteLtd MrJasonBeh

FairmacsMultiline MrChawdharyAshokKumar

FJFreightworksPteLtd MrJasonChanWaiSeng

FreightworksInternationalPteLtd MrBalaKunasaigaran

GLinkExpressLogistics(Singapore)PteLtd MrChristopherLeiVarnHin

GatiAsiaPacificPteLtd MsJasmineFionaAugustine

GLELogistics(S)PteLtd MrNganKahKit

GMLLogisticsPteLtd MsDeniseTan

GoldbellEngineeringPteLtd MrChuaGeokChengJimmy

GrapevyneTechnologiesInternationalPteLtd MrVenkiChar


SINGAPORE REGISTRY OF ACCREDITED MULTIMODAL TRANSPORT OPERATORS (as at 31 December 2008)

Company

a.hartrodt(S)LogisticsPteLtd

ABXLogistics(Singapore)PteLtd

AddiconLogisticsManagement(S)PteLtd

AgilityInternationalLogisticsPteLtd

ALPSLogistics(S)PteLtd

APMGlobalLogisticsSingaporePteLtd

AtlanticForwardingPteLtd

BALtransLogisticsPteLtd

CEVAFreight(Singapore)PteLtd

ContinentalFeedersPteLtd

CrystalFreightServicesPteLtd

Deugro(Singapore)PteLtd

DSVAir&SeaPteLtd

EESFreightServicesPteLtd

F.H.BertlingPteLtd

FPSGlobalLogisticsPteLtd

FreightLinksExpressPteLtd

FreightworksInternationalPteLtd

Fujitrans(Asia)PteLtd

GeodisWilsonSingaporePteLtd

GlobalContainerFreightPteLtd

GoodwayAgencies(Shipping)PteLtd

HarbourHandlersPteLtd

HMGLogisticsPteLtd

IpsenLogisticsPteLtd

IslandLinePteLtd

JetseaLogistics(S)PteLtd

Company

JPExpressServicesPteLtd

KeppelLogisticsPteLtd

LeschacoPteLtd

LinerShippingPteLtd

LogwinAir+OceanSingaporePteLtd

Mac-NelsAgenciesPteLtd

MarcorpIntegratedPteLtd

MeikoTrans(Singapore)PteLtd

MOLLogistics(Singapore)PteLtd

NNRGlobalLogistics(S)PteLtd

NYKLogistics(Singapore)PteLtd

PanOceanTransportPteLtd

PinnacleWorldTransportPteLtd

PohTiongChoonShipping(Pte)Ltd

RapidShippingPteLtd

Sea-HawkFreightPteLtd

STLogisticsPteLtd

TannyServicesPteLtd

TollLogistics(Asia)Limited

TransworldInternationalPteLtd

UltimateFreightServicesPteLtd

UTiWorldwide(Singapore)PteLtd

Weiss-RohligSingaporePteLtd

WorldgateExpressLinesPteLtd

WorldscopeShippingPteLtd

YusenAir&SeaService(S)PteLtd


2 Bukit Merah Central #04-02 SPRING Singapore Building

Singapore 159835MICA (P) 153/10/2008

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