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International Insurance Towage and Salvage

Lloyd’s mulls axing support for LOF salvage contract

Salvors among those said to be ‘in shock’ as Lloyd’s proposes to close Salvage Arbitration Branch, subject to an abrupt consultation process due to end next week

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Already weakened by animosity from quarters of the marine insurance sector, the world’s foremost salvage contract could be facing the final blow if Lloyd’s proceeds with its proposed closure of the SAB, which provides the contract’s support framework

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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