Jim Pinson ACACSO May 11 13 2016 Agenda Review of RIC 6007 Specific Questions How is Equalization Data Processed How can Equalization Mileage be Corrected Participation 2 Review of RIC 6007 ID: 673372
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Tank Car Mileage Equalization
Jim Pinson
ACACSO
May 11 – 13, 2016Slide2
Agenda
Review of RIC 6007
Specific Questions
How is Equalization Data Processed?How can Equalization Mileage be Corrected?Participation
2Slide3
Review of RIC 6007
RIC 6007, Item 187 Covers Equalization
Published on the Railinc Website
www.Railinc.com
Products & Services
National Tariffs
RIC 6007 O
3Slide4
Review of RIC 6007
Part A, Paragraph 1
Empty Miles Can Exceed Loaded Miles by 6%
Empty Miles in Excess of 6% are BilledThe Current Rate is $0.96 per MilePart A, Paragraph 2
Mileage covered by Revenue Billing must be Excluded
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Review of RIC 6007
Part A, Paragraph 3
Empty Mileage Must be Excluded for Movement to Repair Facilities for:
DOT Mandated Retrofit ProgramsFRA Emergency OrdersAAR Early Warnings/Maintenance Advisories
Repair of Certain Truck Bolsters
5Slide6
Review of RIC 6007
Part A, Paragraph 4
No Adjustments for:
Error in HandlingCars MOOW due to Railroad Damage
Railroad Convenience, Detours, STB Service Orders
Adjustment Will be Made for:
Carrier Leased Cars for Company Material Moves6Slide7
Review of RIC 6007
Part A, Paragraph 5
Adjustments will be made for accounting errors
AAR can Make Adjustments if Carriers Fail to Respond
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Review of RIC 6007
Part A, Paragraph 6
Equalization Mileage will be Computed as outlined in Item 185
Adjustments Requested after an Equalization Account is Closed will be Included in the Next Account
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Review of RIC 6007
Part B
Carriers Must Submit a Monthly Mileage Report 40 Days After the end of the Service Month
A Monthly Report will be Provided to the Car Mark OwnerAdjustments will be Shown on the Monthly Statement
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Review of RIC 6007
Part C
When a Tank Car Company Closes or Disposes of its Cars, Equalization Billing can be Issued
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Review of RIC 6007
Part D, Paragraph 1
After May 20 Equalization Accounts are Closed
Funds Collected are Distributed to Participating CarriersAdjustments Made After May 20 will be Included in the Next Account
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Review of RIC 6007
Part D, Paragraph 2
Equalization Bills will be Issued July 1
Adjustments Must be Requested within 30 DaysAdjustments Will be Included in the Next Account
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Review of RIC 6007
Part D, Paragraph 3
Payment of Equalization Invoices is Due 30 Days After the Bill is Issued
Late Payment Results in Interest of 1.5% Payments not Made Within 3 Months Result in:Notification to Participating Carriers
Withholding of Mileage Earnings
13Slide14
Review of RIC 6007
Part D, Notes
Mileage Charge is Calculated per Ex Parte No. 328
Close Out Dates May be Extended by AAR for Issues that Impact All Carriers and OwnersErroneous Bills May be Cancelled by AAR
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Specific Questions
How is Equalization Data Processed?
See RIC 6007, Item 187, Part B
Carriers Must Submit a Monthly Mileage Report 40 Days After the end of the Service
Month
Carriers Submit a Type 900 Record via Monthly CHDX File
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Specific Questions
How can Equalization Mileage be Corrected
?
See RIC 6007, Item 187, Part A, Paragraph 5Adjustments will be Made for Accounting Errors
AAR Can Make Adjustments if Carriers Fail to Respond
File an Equalization Claim with the Carrier
In the Absence of a Response, Notify AAR/RailincTimeliness is Essential16Slide17
Participation
RIC 6007 O, Item 2.10 Contains a List of:
Participating Carriers
Supplemental Tariff Items Published by the Carriers
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Jim Pinson
James.Pinson@Railinc.com
919-651-5047: Office
919-622-9363: Cell
Questions?
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