The UFPAC is the United Federation of Planets Award Ceremony.
The event is held roughly every 3 months and awards members with rank advancements, as well as medal achievements. It is also used as an opportunity to announce important events or discussions within the UFP and allows members at the end of the event to have the floor should they wish to bring any subject forward with the community.
Will give it a go, but the last several have been very laggy and makes it hard to view. If that happens, at least I can watch the posted recording (always with no issues). Strange, but I guess somewhere in my link to the UFP servers (during high traffic periods) is very very bad.