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Ariel view of cargo ship over reef, with three small tug boats surrounding it

Salvage Arbitration Branch

The Salvage Arbitration Branch administers Lloyd’s Open Form of Salvage Agreement (“LOF”) which has been the preferred contract of the professional salvage industry since its introduction in 1908. It provides a framework for determining the amount of remuneration to be awarded to salvors for their services in saving property at sea and minimizing or preventing damage to the environment. It is today the most widely used international salvage agreement of its kind.


If you have any questions, please contact Salvage Arbitration Branch.