Released on: November 29, 2007, 2:26 am

Press Release Author: Alexandra Lewis

Industry:

Press Release Summary: UK meat and byproducts could face rejection beyond the EU
following the foot and mouth outbreak, according to insurance broker Aon. The broker
is advising exporters to reconfirm worldwide orders before shipping their cargo to
prevent unexpected costs, such as redirecting and relabelling, if their meat is
rejected.

Press Release Body: UK meat and byproducts could face rejection beyond the EU
following the foot and mouth outbreak, according to insurance broker Aon. The broker
is advising exporters to reconfirm worldwide orders before shipping their cargo to
prevent unexpected costs, such as redirecting and relabelling, if their meat is
rejected.

Since the EU banned UK meat exports over the foot and mouth outbreak, Aon has been
working with exporters whose products have been rejected from as far as China and
the US. Gill Bewes, UK broking manager for Aon\'s marine team, said: \"Back in
February, we saw a similar reaction to the UK poultry farmers when countries such as
Russia, Japan and South Korea rejected cargo due to the strain of avian flu
discovered in the UK.

\"Now before you export, it\'s essential to do your homework with your suppliers and
their governments to ensure your meat or byproducts will be accepted. Otherwise,
exporters could face additional costs for re-directing or returning cargo, subject
to embargo, as well as condemnation by government agencies. Companies should seek
advice on broadening their policy with immediate effect or at next renewal, to
provide additional cover for the risk of rejection or the additional costs involved
in rerouting cargo.

In the event of rejection, meat exporters can claim from their rejection risks
cover. This is an extension of a standard cargo policy which covers the meat for
loss, damage or deterioration. The rejection risks extension covers the costs of:

* rejection of exported meat by government agencies and subsequent costs of
returning or re-shipping to an alternative destination;
* condemnation /destruction of meat by order of a government agency;
* returning or re-shipping to an alternative destination when embargo applied at
destination after shipment;
* costs of re-labelling when changes made at destination after shipment;
* loss of export subsidy.

Aon UK is ranked by A.M. Best as the number one global insurance brokerage based on
brokerage revenues and voted best insurance intermediary, offering classic car
insurance, high value home insurance, entertainment
and media insurance and construction site insurance.


Web Site:
http://www.commercialservices.aon.co.uk/commercialservices/microsites/entertainment/


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