in

After a salvage service on Lloyd’s Open Form terms, who decides what reward, if any, has been earned, and on what basis?

In some cases the parties reach an amicable settlement, but otherwise the matter is referred to an arbitrator from Lloyd’s Salvage Arbitration panel in London.

 The criteria for fixing the salvage reward are laid down in Article 13 of the International Salvage Convention. (The reward is often called an “Article 13 reward” or, in SCOPIC documents, “Article 13 Award”. )

 

What do you think?

138 Points
Upvote Downvote

Written by Ship Inspection

Leave a Reply

What are the criteria laid down in Article 13 of the International Salvage Convention for fixing a salvage reward?

Is it possible for a ship’s crew to earn a salvage reward for salving their “own” ship?