72 STATEMENTS OF PETER LUCIANO, EXECUTIVE DIRECTOR, TRANSPORTATION INSTITUTE; ERNEST CORRADO, VICE PRESI- DENT, AMERICAN INSTITUTE OF MERCHANT SHIPPING; AND HARRY GOTIMER, ESQ., KIRLIN, CAMPBELL, & KEATING, AC- COMPANIED BY RAYMOND BURKE, JR., ESQ, BURKE & PAR- SONS, AND BOB PHILLIPS, ESQ., TEXACO Mr. LUCIANo. Thank you, Mr. Chairman, members of the sub- committee. For the record, I am Peter Luciano, executive director of the Transportation Institute. The institute is a nonprofit research and educational organization founded in 1968 and comprising 174 member companies operating U.S.-flag vessels in the Nation's for- eign and domestic shipping trades. Several of our members regular- ly use the Panama Canal. In the interest, Mr. Chairman, and members of the subcommit- tee, of saving your time, I would appreciate it if my prepared state- ment might be entered into the record. I would like to summarize. Mr. HUBBARD. We appreciate your doing that. It will be entered in the record in full. Mr. LUCIANO. Thank you. First of all, I deeply appreciate the opportunity to appear before this subcommittee. This is an issue which is of great importance to our member companies and we value very much your interest in the issue and your concern. The problem here basically is, as they say, a thing that wasn't broke got fixed, and that is the case in at least three major areas that affect our membership. You have heard all of the problem areas discussed in great detail already this morning. I won't bore you with a reiteration of all the details. Essentially, we would ask that the Congress restore judicial review of outside-the-locks claims of any amount; also, that the Commission be authorized to settle all outside-the-locks claims; and that the previous treatment be re- stored with respect to detention time required by any activity of the board of local inspectors. These proposed procedures are the same ones that were in place before the Commission took over in 1979. The previous procedures had worked very well for 27 years and we feel that in the interest of equity, in the interest of saving the time of the Congress, in the interest of saving the time of all parties concerned, and in the in- terest of restoring logic to this situation, the restoration of the pre- 1979 regimen offers the most reasonable solution. We have taken the liberty of proposing several amendments which are attached to my prepared statement and which we feel would solve the problem. Thank you very much. Mr. HUBBARD. Thank you. [The statement of Peter Luciano follows:] PREPARED STATEMENT OF PETER J. LUCIANO, EXECUTIVE DIRECTOR, TRANSPORTATION INSTITUTE Mr. Chairman and members of the subcommittee, my name is Peter Luciano. I am Executive Director of the Transportation Institute. The Transportation Institute is a nonprofit research and educational organization, founded in 1968, comprising