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The Lloyd's Open Form, formally "Lloyd's Standard Form of Salvage Agreement", and commonly referred to as the LOF, is a standard form contract for a proposed marine salvage operation. Originating in the late 19th century, the form is published by Lloyd's of London and is the most commonly used form for international salvage.
A salvage situation arises when a shipowner accepts an offer of help from a salvor. To that extent, the arrangement is contractual, but it is not a contract for services with a pre-arranged fee (such as, say, a towage contract). Instead, the law provides that after the service is done a court or arbitrator will make an award taking into account:
Salvage operations; Claims for the breach of a charter party; Preferred ship mortgages; Claims under maritime contracts for repairs, supplies, towage, pilotage and a wide variety of other “necessaries” Claims for maritime torts including personal injury and death, and collision claims; Claims for the damage or loss of cargo
USS Regulus hard aground in 1971 due to a typhoon: after three weeks of effort, Naval salvors deemed it unsalvageable.. Marine salvage takes many forms, and may involve anything from refloating a ship that has gone aground or sunk as well as necessary work to prevent loss of the vessel, such as pumping water out of a ship—thereby keeping the ship afloat—extinguishing fires on board, to ...
The International Convention on Salvage expanded on this principle by introducing the concept of an "enhanced salvage award", which may be awarded by an arbitrator or a tribunal if the salvor took effective action to prevent or minimize environmental damage but nevertheless failed to salvage the ship or its cargo.
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These organization primarily contract with many local tow truck operators (though they do have fleets of their own in some areas). The clubs will re-dispatch the requests from the club dispatch center to the local operators dispatch line, which, as above, may be a true dispatch center for larger tow fleets, or a simple business telephone line ...
The need for ETVs as a preventive measure has arisen since the number of available commercial salvage tugs was reduced while potential dangers from individual vessels have increased. [1] E.g. Spain has fourteen, Turkey has eleven, Germany operates eight, Norway has seven, France has five, Sweden three and the Netherlands , Poland , South Africa ...