Lloyd’s Salvage Branch and the LOF – with its global footprint from the Philippines to Philadelphia—is set to stay afloat
Lloyd’s decision to continue operating the Lloyd’s Salvage Arbitration Branch, which oversees the Lloyd’s Open Form salvage contract and procedures, has been widely endorsed by the maritime industry. The Corporation acknowledged the “high volume of representation of support of LSAB and LOF and “is now determined to increase the use of the form and highlight the benefits that...