We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

PART H Salvage, towage and general average

Shipping Law Handbook

Page 659


Salvage, towage and general average

H.1 Introduction


Lloyd’s Open Form and the English law of salvage

This part of this work sets out the materials to which reference is most usually made in relation to claims for salvage. The standard forms are of particular importance. In the absence of a salvage agreement, a reward for rendering salvage services may be claimed at common law.

Page 660

In practice, however, there will usually be a salvage contract, particularly in circumstances where professional salvors are involved. Several standard forms of salvage agreement are in use; by far the most common is Lloyd’s Standard Form of Salvage Agreement “No Cure – No Pay”, often referred to as Lloyd’s Open Form (LOF). The form has been revised several times since its introduction in the nineteenth century; a Lloyd’s committee now meets annually to consider whether any amendments are necessary. The basic agreement (LOF 2011) is separated from the detailed provisions, which are set out in Lloyd’s Standard Salvage and Arbitration Clauses (the LSSA Clauses). Both are printed in Part H, together with the previous version of LOF (LOF 2000).

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click login button.