Salvage Arbitration Branch

Find out about the role played by Lloyd's Salvage Arbitration Branch in the administration of Lloyd's Form of Salvage Agreement (LOF) and obtain up to date information on the latest LOF cases as well as details on the background and workings of LOF, which has been the preferred contract of the professional salvage industry since its introduction in 1908.

Salvage cases

 

 

> Lloyd's Open Form (LOF)

LOF provides a regime for determining the amount of remuneration to be awarded to salvors for their services in saving property at sea and minimising or preventing damage to the environment.

> 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.

> Salvage security

How to provide salvage security; guarantees and cash deposits.

> SCOPIC

Information about SCOPIC, introduced in 1999, to be used in conjunction with Lloyd's Form of Salvage Agreement. Download the SCOPIC Clause, its appendices, Codes of Conduct, guarantee wording, and access the list of Special Casualty Representatives (SCRs).

> Fixed Cost Arbitration Procedure (FCAP)

Details of the Fixed Cost Arbitration Procedure (FCAP), which limits the costs of arbitration in certain circumstances.

> LOF photo gallery

Pictures showing examples of Lloyd's Open Form (LOF) cases.

> Archive Documents

Below are documents which have been replaced by up-dated versions on the main pages.

Video

An introduction to Lloyd's Open Form of Salvage Arbitration

Lloyd’s Form of Salvage Agreement (LOF) has been in use for over a hundred years, providing 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. Originating in the late 1800s, it is today the most widely used international salvage agreement of its kind.

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