Background

Roble Shipping, Inc. was established on February 20, 1985, by the patriarch, Jose Roble. It started operations in July 1985 with a small cargo vessel named M/V Marao which sailed from Cebu to Iloilo transporting rice and mixed cargo materials. The shipping business was organized as support to the familys arrastre and stevedoring company, Puerto Servicio de Cebu, Inc. (PSDCI), established in 1972 which remains in operation to date. However, in the early 1990s with the mandate of Philippine Ports Authority (PPA) for the integration of all existing arrastre and stevedoring firms, Sps. Roble was constrained to integrate PSDCI with other firms. To date, PSDCI is equally owned by 5 shareholders: Roble family, Araneta family, Brojan family (owns Fortune Sea Carrier), Palacio family (owns Palacio Shipping) and Jarque family (owns Jones Carrier). At present, company has a fleet of 18 vessels (7 RoRo/passenger/cargo vessels, 1 cargo/passenger vessel, 1 passenger vessel, 6 cargo vessels and 1 service/tug). Please see attached list of companys fleet of vessels. Roble Shipping, Inc. is a closed corporation of the Roble family. The matriarch, Beatriz, 66 years old, has the controlling interest with 39.1875% shares. Her 7 children (Jose Emery, Jay, Jasper, Jupiter, Jhufel, Betchie and Belinda) each has 8.6875% ownership. After the death of Jose Roble on

September 11, 2009, Beatriz took over the management of the business with the support of her children. Beatriz Roble is still actively involved in the business. Major decisions still rest on her being the companys Chairman and President. She is assisted by her children: Jose Emery, 47 years old (VP/Operations), Jupiter, 38 years old (VP/Finance), Jasper, 37 years old (VP/Engineering), Jhufel, 38 years old (Port Operations Officer) and Betchie R. Manatad, 33 years old (Cash Division Officer). The two other children, Jay, who has his own Petron distribution business and Jhufel, who is based in the U.S.A., are not involved in Roble Shipping, Inc.

REVENUE CYCLE For Passengers Passenger pays for the ticket, the ticketing booth receives payment and the supervisor checks the amount of payment to match to the ticket bought. Once affirmed the passenger receives the

ticket and proceeds to the waiting area. The

cash now received will

be held until the night when they bring it to the cash division. The cash division then counts all the money received and matches it to all

the tickets sold. Once they are verified and matched the money is then deposited to the bank.

For Cargo A company files a form for shipment and consignment of goods. Robles shipping lines then reviews the order and processes a certain sum for the goods that are to be shipped. Once finished, Robles Shipping lines receive the payment, which is then checked by a supervisor to be matched to the shipment being paid for. Once matched, the cash division counts all the money received and matches it to all the tickets sold. Once they are verified and matched the money is then deposited to the bank. Once the goods have arrived to their dock, the supervisor checks the bill of lading and sees to it that the goods that have arrived are the same goods that were shipped. Once finished reviewing, the

supervisor informs the main office that the goods have arrived. A copy of the receipt (bill of lading) is given to the Arrestre so that the goods may be received out of the dock.

Organizational Stucture Robles Shipping Lines

Revenue Cycle For Passengers

Ticketing Booth Supervisor Customer Cash Receipts Cash Division

Teller Receives Payment

Ticket Sold Cashier Receives Cash from the Booth

Customer Ticket

Ticket Sold

Bank

For Cargo Ticketing Booth Cash Division Receiving Dock

Entity

Bill of Lading Bill of Lading

Bill of Lading Bill of Lading

Cash Receipts
Supervisor Matches Payment with Order Supervisor reviews bill of lading

Review the Order

Cash Receipts

Bill of Lading

Bill of Lading Bank

Arrestre