MEMORANDUM OF COLLABORATION BETWEEN

THE PONTIFICAL CATHOLIC UNIVERSITY OF PUERTO RICO

AND THE

CARIBBEAN SHIPPING ASSOCIATION

The Pontifical Catholic University of Puerto Rico (PCUPR) – The University - represented by its President, Prof. Marcelina Vélez de Santiago and The Caribbean Shipping Association (CSA) – The Association – represented by its President, Mr. Fernando Rivera establish this Memorandum of Collaboration.

Both parties agree upon the following terms and conditions:

1. To establish an alliance with the College of Business Administration of The University to foster education in maritime areas and components.

2. To establish academic and continuing education courses for members and associates of The Association in areas such as, but not limited to:

a. Port Safety

b. Port Security

c. Port Management

d. Logistics and Transportation

e. Free Trade Zones

f. International Law

g. Maritime Law

h. Maritime and Port Procedures

i. Coast Guard Requirements

j. Other topics agreed upon

3. The courses – academic or continuing education – will be coordinated between The Association and The University.

4. These courses may be offered in the traditional manner or by electronic means.

5. Among the programs that members of The Association may enrolled in are:

a. Bachelor of Business Administration with a major in International Business and Logistics

b. Professional Certificate in

c. Master of Business Administration with an specialization in

6. The Association will be responsible for:

a. Appointing a Coordinator for the program that will respond to both parties, under the supervision of the Dean of Business.

b. Promoting the MOC among its members and affiliates

c. Promoting the courses and programs offered to The Association by the University

d. Identifying and supplying the facilities for the courses to be offered in the San Juan metropolitan area, as well as in Caribbean islands.

e. Have at least 15 members registered in each course. (To be amended)

f. Each member of The Association will be responsible for transportation, room, board, registration, and all expenses related to the course(s) registered in.

7. The University will be responsible for:

a. Appoint a Coordinator for the program that will respond to both parties, under the supervision of the Dean of Business.

b. Organize the academic and continuing education courses in accordance with The Association.

c. Processing the students’ Admission applications, as well as readmission and student aid, if applicable.

d. Contracting faculty, payroll, facilities, and all materials related to the courses.

e. Notifying the students of its grades and academic standing.

f. Granting the participation certificate, professional certificate or academic degree accordingly.

g. The Commencement ceremony will be held in Ponce at the same date of the University’s graduation ceremony.

h. All the regular administrative activities performed by The University.

This Memorandum of Collaboration(MOC) will be effective for two (2) years immediately after it has been signed by both parties, and can be extended automatically and indefinitely for two (2) year periods.

This MOC can be cancelled by any of two parties with a written communication thirty (30) labor days prior to the termination date.

On this eighth day of October of the year 2007, in Ponce, Puerto Rico.

Marcelina Velez de Santiago                    

PCUPR President                                    

Fernando Rivera

CSA President