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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*
1990178
n/a91
51
31
$27,589 (77%)
-
-
-
1991
173
n/a127
63
21
$33,622 (76%)
-
-
-
1992
169
n/a105
72
22
$53,825 (81%)
2
-
$1,718,373
1993
156
n/a104
58
16
$28,980 (58%)
4
-
$707,128
1994
142
n/a110
40
18
$39,633 (69%)
3
2
$948,881
1995
121
n/a78
47
25
$36,745 (85%)
2
-
$318,633
1996
121
n/a94
24
15
$37,528 (85%)
2
2
$1,485,719
1997
104
n/a75
33
16
$24,656 (77%)
2+
1
$3,154,183
1998
100
n/a64
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
2046
185$14,193 (88%)-
-
-
200680#1140193$11,672 (79%)
---
2007107#23432211$58,168 (59%)---

2008

83#1546209$21,385 (60%)2-$8,141,794

2009

122#1742167$116,766,(75%)
000
2010111#2138163

$9,462 (97%)

000

2011

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

2012

122#

15

37

12

3

$10,559(54%)

0

0

0

 201361 1450123$33,665(39%)00
2014 3775010 $36,318(26%) 00
 2015441121134$29,533 (96%)0

 2016

 4811 448$17,085 (67%)  0
 201763133370$8,039 (85%)00

# 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$85.813.6
2007
$172.6$210.6$9.5$392.714.8

2008

$203.8$92.0$3.6$299.47.1

2009

$161.2$401.0$8.9$571.120.4

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 $65.3  53.9**
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 

 

** 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.