Tugs tow the Pelican 1 to safety, following a collision on the Scheldt in July 2003.

It is important that all shipowners and managers familiarise themselves with the structure and content of Lloyd’s Form before a casualty occurs. This section provides the full text of LOF 2000, followed by a commentary on the contract’s clauses, and the full text of the LOF Procedural Rules and the Lloyd’s Standard Salvage and Arbitration Clauses.

This section also outlines the responsibilities of the Lloyd’s Salvage Arbitration Branch and provides an overview of salvage “Safety Net”/Special Compensation systems, including the current Article 14 and SCOPIC systems.