- 41 -
over $100 remitted to petitioner's shippers during the month.
Generally, around the middle of the month following billing to
regular shippers or collection from walk-in shippers, the net
amounts were remitted by wire transfers from petitioner's account
to an NUF account. No interest on excess value amounts that had
been collected before the excess value amounts were transferred
to NUF was paid to NUF. During 1984, if a shipper did not pay a
bill that included declared excess value amounts, petitioner did
not reduce the amount transferred to NUF. If collection
activities occurred, petitioner attempted to collect the entire
amount due from the shipper, including any EVC's included in the
bill. Petitioner did not reduce the amount transferred to NUF by
any amount uncollected or any cost it incurred in collecting
delinquent EVC's.
d. Transactions Between NUF and OPL
Beginning in January 1984, after receiving the amounts
remitted to NUF by petitioner, NUF prepared a bordereau and
remitted the net amounts shown on NUF's bordereau to OPL by wire
transfer. The following table summarizes the amounts and dates
of transfers made by NUF to OPL relating to excess value amounts
during 1984:22
22The amounts shown in the table were rounded, resulting in
minor discrepancies of a few dollars.
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