Lloyd’s commits to the future of the Lloyd’s Salvage Arbitration Branch
LONDON, 23 JULY 2021: In a move that has been strongly endorsed by UK maritime professional services body Maritime London, Lloyd’s has confirmed that it will continue to operate the Lloyd’s Salvage Arbitration Branch (LSAB) that oversees the Lloyd’s Open Form (LOF) salvage contract and procedures.
The Lloyd’s Council decision follows an...