18 March 2003

In the wake of growing US and international legislation relating to transport security, TT Club today unveiled a unique self-analysis tool enabling TT Members to ensure they become and remain compliant with these essential regulations. Accessed through the TT Club website, the interactive service is fast and free to registered users.

As a result, TT Members can now identify areas within their business processes that may be falling foul of the increasingly stringent and complex regulations being implemented, particularly by the US government, in the search for greater protection from the threat of terrorist attacks.

"This initiative will immediately benefit Members worldwide who trade with the United States, or whose cargo is carried on ships transiting US ports," commented Andrew Webster, TT Club's London-based loss prevention manager. "To our knowledge no other insurer provides such a service. It demonstrates our belief in the value of sound risk management to the Club's Membership," he added.

Over its 35-year history as the leading transport liability mutual, TT Club has a respected tradition of providing high quality risk management and loss prevention advice to its Members. As it did for earlier industry issues such as Y2K, the Club identified a need among its Members for help and guidance on the cargo security concerns that are now inextricably woven into all aspects of international supply chain management.

"From the time the IMO (International Maritime Organisation) amended the SOLAS Chap11 regulations we knew we had to recognise proactively the new security climate we all now operate within," said Mr Webster.

In mid-November 2002 TT sponsored a well-attended seminar "Security Matters" in London. Though designed primarily for the ports industry, delegate feedback convinced the Club of a broader desire from across its membership for further professional guidance. To maximise accessibility to information, TT chose to partner with Anglo/US- security consultants Hudson Trident to develop a Members' web based assessment kit addressing the full range of security regulations being implemented.

The result is a web-based interactive self-analysis toolkit, supported by a comprehensive database of the latest regulations, which enables Members to perform a critical self-assessment of their compliance readiness. The analysis tool is accessed via the online services section of the TT Club's website and requires Members to register for access.

"The secure online services area is an extremely interesting part of the TT Club's site, containing both Member-specific information (such as ClaimsTracTM) and detailed loss prevention and risk management information. We encourage Members to register so that they can access this range of services, designed specifically for the international transport and logistics sector," said Mr Webster. Website address: www.TTCLUB.COM

Depending on their individual analyses, Members then have the option of determining and implementing necessary corrective measures themselves, or seeking further advice from their local TT Club office. Where appropriate, the Club can put Members in touch with reputable external security consultants for specialist assistance.

ENDSNote to Editors:

The TT Club is the international transport and logistics industry's leading provider of insurance and related risk management services. Established in 1968, the Club's membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policy-holders with industry-leading benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

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