Salvage and the changing world of Lloyd's Open Form
In this IIL Marine & Energy lecture David Lawrence provided an overview of the Lloyd's Open Form and how the changing environment to the maritime industry is impacting on the salvage industry and the use of Lloyd's Open Form as a salvage contract.
David explained that as the maritime and insurance sectors continued to evolve, he questioned what role will there be for the Lloyd's Standard Form of Salvage Agreement, more commonly referred to as LOF? David indicated that in order to opine on the future role of LOF it was helpful to have a clearer understanding as to how the contract was currently being used, recognise how the changing environment was bringing new challenges to Lloyd's Open Form (and the salvage industry) and consider what role Property insurers may play in determining its future.
By the end of this lecture members would have gained an insight into:
- The basics and current use of Lloyd's Open Form
- How the changing environment is bringing new challenges to the salvage industry
- The potential future role of Lloyd's Open Form
With over 25 years of experience in the marine insurance market, David heads up the Agency department at Lloyd's and is responsible for leading and developing the Lloyd's Agency Network, the Lloyd's Certificate Office and the Lloyd's Salvage Arbitration Branch.
Mark Hoddinott, General Manager, International Salvage Union.
Registration & Security
IIL lectures are open to CII and PFS members
CII and PFS members must register online by 12pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport
- Email confirmations and photo ID must be produced to security staff at the lecture venue
- Attendance confirmations are non-transferable to any other person or lecture
- All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission
Please let us know what we can do to make our events fully accessible to you.
Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.