Lloyd's Form of Salvage Agreement - Current Form LOF2011

LOF2000 (90KB.pdf) 

LSSA Clauses 2000 (94KB.pdf) 

Procedural Rules 2000 (91KB.pdf)

LSSA Clauses 2011 

 

 

SCOPIC Forms - Current forms issued in 2018

 

SCOPIC Clause 2014 (30KB, pdf)

ISU5 Guarantee 2015/2016 (6KB, pdf)

 

SCOPIC 2011 (31KB pdf)

SCOPIC Appendix A 2011 (41KB pdf)

SCOPIC Appendix B 2011(36KB pdf)

SCOPIC APPENDIX C 2007 (21KB pdf)
 

SCOPIC 2007 (48.1KB.pdf) 

SCOPIC APPENDIX A 2007 (72.2KB.pdf) 

SCOPIC APPENDIX B 2007 25.6KB.pdf) 

 

LOF STATISTICS 

Lloyd's Open Form Report 2014

Lloyd's Open Form Report 2013

Lloyd's Open Form Report 2012 -

 

 

 

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 2018. 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.

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*
1990 178
n/a 91
51
31
$27,589 (77%)
-
-
-
1991
173
n/a 127
63
21
$33,622 (76%)
-
-
-
1992
169
n/a 105
72
22
$53,825 (81%)
2
-
$1,718,373
1993
156
n/a 104
58
16
$28,980 (58%)
4
-
$707,128
1994
142
n/a 110
40
18
$39,633 (69%)
3
2
$948,881
1995
121
n/a 78
47
25
$36,745 (85%)
2
-
$318,633
1996
121
n/a 94
24
15
$37,528 (85%)
2
2
$1,485,719
1997
104
n/a 75
33
16
$24,656 (77%)
2+
1
$3,154,183
1998
100
n/a 64
30
10
$20,579 (83%)
3
1
$1,970,944
1999
123
14
77
30
11
$26,020 (84%)
-
2
$2,564,654
2000
133
16
67
22
13
$28,030 (77%)
-
-
-
2001
108
23
82
35
17
$26,904 (78%)
3
-
$2,662,876
2002
104
18
55
32
15
$39,422 (72%)
1
-
$555,692
2003
89
27
46
29
11
$24,919 (84%)
1
-
$1,088,143
2004
91
13
64
14
6
$14,318 (89%)
-
-
-
2005
109
20 46
18 5 $14,193 (88%) -
-
-
2006 80# 11 40 19 3 $11,672 (79%)
- - -
2007 107# 23 43 22 11 $58,168 (59%) - - -

2008

83# 15 46 20 9 $21,385 (60%) 2 - $8,141,794

2009

122# 17 42 16 7 $116,766,(75%)
0 0 0
2010 111# 21 38 16 3

$9,462 (97%)

0 0 0

2011

106# 11 49 9 3 $29,440 (63%) 0 0 0

2012

122#

15

37

12

3

$10,559(54%)

0

0

0

 2013 61  14 50 12 3 $33,665(39%) 0 0
2014  37 7 50 10  $36,318(26%)  0 0
 2015 44 11 21 13 4 $29,533 (96%) 0

 2016

 48 11  44 8 $17,085 (67%)   0
 2017 63 13 33 7 0 $8,039 (85%) 0 0
                   

# 2006 - includes 13 yacht cases

2007 - includes 12 yacht cases

2008 - includes 4 yacht case

2009 - includes 43 yacht cases

2010 - includes 50 yacht cases

2011 - includes 36 yacht cases

2012 - includes 51 yacht cases

* Article 14 Awards/SCOPIC Awards

+ The Award was for $4,000,000 and was appealed, however, the case was settled before the appeal arbitration was head. The settlement is believed to have reduced the Award by 4.4%.

Salvage Awards 2012 - The Council of Lloyd's also published 1 Award relating to costs which are not included in the above statistics.

VALUES

(amounts shown in $1,000,000)

Year
Ship
Cargo
Other
Total
%Awards to Values
1990
$284.2
$268.6
$6.9
$559.7
4.9
1991
$277.3
$323.5
$12.5
$613.3
5.5
1992
$389.4
$436.2
$17.8
$843.4
6.4
1993
$150.4
$169.3
$4.0 $323.7
8.9
1994
$119.2
$178.2
$6.7
$304.1
13.0
1995
$193.3
$244.0
$5.6
$442.9
8.3
1996
$182.9
$111.0
$4.2
$295.1
12.5
1997
$169.1
$326.4
$13.0
$508.5
4.8
1998
$101.0
$61.0
$3.8
$165.8
12.5
1999
$53.3
$79.9
$5.8
$139.0
18.8
2000
$61.0
$194.4
$7.5
$262.5
10.7
2001
$50.9
$107.6 $2.5
$161.0
16.7
2002
$81.5
$173.3
$6.6
$264.4
14.2
2003
$72.8
$94.0
$2.3
$169.1
14.7
2004
$47.1
$93.9
$3.9
$144.9
9.9
2005
$64.5
$119.8
$1.3
$181.6
7.8
2006 $53.7 $31.6 $0.5 $85.8 13.6
2007
$172.6 $210.6 $9.5 $392.7 14.8

2008

$203.8 $92.0 $3.6 $299.4 7.1

2009

$161.2 $401.0 $8.9 $571.1 20.4

2010

$26.9 $37.7 $1.3 $65.9 14.4

2011

$25.0 $43.8 $0.5 $69.3 42.5**
2012 $53.5 $62.1 $1.0 $116.6 9.0
2013 $21.8  $41.9  $1.6  $65.3   53.9**
2014 $27.8 $67.0  $1.0 $95.8 37.9**
 2015  $19.3 $83.2  $2.5 $105.0  28.1 
 2016 $6.7 $72.0 $0.7 $79.4 21.5
 2017 $94.2  $63.2  $12.3 $169.7 4.7 
 
 
** This figure is affected by several Awards issued in complex, low value cases against unrepresented interests, represented parties having already settled their proportion of the Salvors' claim.