Salvage and the changing world of Lloyd's Open Form

The Old Library, Lloyd's
Thursday, 01 March 2018
1:15 pm – 2:00 pm
    • David Lawrence, Controller of Agencies, Lloyd's Agency Department, Lloyd's
  • Marine & Energy webinar

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

Speakers Bio:
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.

  • The Old Library, Lloyd's
  • One Lime Street
  • London
  • EC3M 7HA
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Registration & Security

IIL lectures are open to CII and PFS members
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CII Accredited

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.

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