26 January 2005

Leading transport insurance provider TT Club has extended its long-term cooperation with BIFA (the British International Freight Association) by sponsorship of its Supply Chain Management Award at the latest annual Freight Service Awards ceremony. This was TT Club's sixteenth consecutive year of support for BIFA's awards, which were presented at the Association's annual lunch in the City of London. The 2004 Supply Chain Management Award was presented by TT Club chief executive Paul Neagle to RIF Worldwide Ltd, the Slough-based forwarding and logistics company. RIF Worldwide was described in the winner's citation as proving to the judges that "it had met the challenging targets posed by their customer to resolve supply chain management weaknesses that threatened its viability. Through fostering collaboration between suppliers and distributors, RIF contributed to turning round their customer's business by demonstrating cost and performance improvements that enabled their customer to restore its distributors' confidence". Commenting on TT Club's support for BIFA and its awards, Mr Neagle said: "TT Club strives for excellence in its service levels and industry leadership in its scope of cover. We are glad to promote and recognise similar excellence and leadership by logistics and transport providers, and we congratulate RIF Worldwide on its success." TT Club itself has also enjoyed a positive year in 2004, weathering the storms of the Atlantic hurricane season and achieving a strong round of renewals by its worldwide membership, with both a high retention rate and a significant rise in premium income.

Picture caption:

(left to right) Paul Neagle, Chief Executive, TT Club; Scott Sully,

Sales Director, RIF Worldwide Ltd; Dr Phil Hammond, Awards Ceremony Host.

ENDSNotes for 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 policyholders 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.

www.ttclub.comPicture available

A high resolution image of Mr Paul Neagle presenting the BIFA Supply Chain Management Award 2004 is available on request from ISIS Communications or can be downloaded from the press room at

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info@isiscomms.comwww.isiscomms.comA full archive of all TT Club news releases and photographs is available from the ISIS Communications Press Room at www.isiscomms.com