Get Lloyd's Standard Form Of Salvage Agreement

The Lloyd's Standard Form of Salvage Agreement, commonly known as the Lloyd's Open Form (LOF), is an essential document in the maritime industry for salvaging operations. This guide provides clear, step-by-step instructions for completing the LOF online, making the process straightforward and accessible for all users.

Follow the steps to fill out the Lloyd's Standard Form of Salvage Agreement online

1. Press the ‘Get Form’ button to access the Lloyd's Standard Form of Salvage Agreement and open it in your preferred editing platform.
2. Review the introductory section that outlines the purpose and significance of the LOF. Familiarize yourself with its importance in salvaging operations within the maritime community.
3. Begin by filling in the 'Vessel Type' section, specifying the type of vessel involved in the salvage operation. Select from options such as 'Bulk', 'Container', or 'General Cargo'.
4. Complete the 'Casualty Type' section, where you will indicate the reason for requiring salvage services, such as grounding, engine breakdown, or collision.
5. In the following sections, provide details regarding the specific conditions and circumstances surrounding the salvage operation, including the date and location of the incident.
6. Fill out the 'Award Criteria' section, ensuring that you understand and accurately present the relevant criteria laid out in Article 13.1 of the International Convention on Salvage 1989.
7. Review all the information you have entered to ensure accuracy and completeness. Make any necessary edits before finalizing your document.
8. Save your changes, and choose your preferred method to manage the document: download, print, or share the completed form with the relevant parties.

Complete your documents for salvaging operations online today.