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LOF statistics: Lloyd's Open Form Report 2015

This report contains all LOF cases reported to Lloyd's Salvage Arbitration Branch from 1 January 2004 to 31 December 2013.

The data is presented in easy to access graphs and charts that give a clear and informative overview of the key numbers and trends you need to know. Click here to download the report.

 This new major publication enables you to access:

  • Analysis of awards by vessel group (Bulk, Container, General and other)
  • The number of vessels, amounts awarded and time of process for each vessel group
  • Casualty type, ranging from grounding and fire to collision and flooding
  • The number of vessels, time of process and amounts awarded by casualty type.

Table of statistics for Lloyd's Open Form (LOF). Includes number of cases, settlements, awards and other information since 1990.

Lloyd's Form of Salvage Agreement statistics as at the end of 2016. Please note that the figures shown in the column 'Total Salvage Award' do not include those amounts awarded in cases that remain subject to an Appeal Award.

Data going back to 1990 can be seen in the Archive Documents section

Year
New Cases
SCOPIC Invoked
Settlements
Salvage Awards Published (Original)Salvage Awards Published (Appeal)
Total Salvage Award (and %paid through Lloyd's - $1,000)
Article 14/SCOPIC Awards Published (Original)
Article 14/SCOPIC Awards Published (Appeal)
Total Article 14/SCOPIC Awards*
2010111#2138163

$9,462 (97%)

000

2011

106#114993$29,440 (63%)000

2012

122#137123$10,559(54%)000

2013

611450123$33,665(39%)000

2014

37750100$36,318(26%)000

2015

50122113 $29,533(96%)  0 
 201648 114481$17,085(67%)0

0

 201763 13 33 $8.038(83%)
 2018 53 836 92$3,461(99%) 0

# 2010 - includes 50 yacht cases

2011 - includes 36 yacht cases

2012 - includes 51 yacht cases

* Article 14 Awards/SCOPIC Awards

 

VALUES

(amounts shown in $1,000,000)

Year
Ship
Cargo
Other
Total
%Awards to Values

2010

$26.9$37.7$1.3$65.914.4

2011

$25.0$43.8$0.5$69.342.5**

2012

$53.5$62.1$1.0$116.69.0

2013

$21.8$41.9$1.6$65.353.9**

2014 

$27.8$67.0$1.0$95.837.9**

2015

$19.3 $83.2$2.5$105.0 28.1**

2016

$6.7 $72.0$0.7$79.421.5 **
2017$94.2 $63.2$12.3$169.74.7
2018$25.9$2.5$0.7 $29.111.9






 

** Figures affected by several Awards issued in complex, low value cases against unrepresented interests, represented parties having already settled their proportion of the Salvors' claim.