How much money should be demanded from the master of a disabled ship that has asked for a tow?

It is immaterial. Courts and arbitrators will set aside any unreasonable demand, even if agreed to. Under LOF 2011 the reward (in the absence of settlement) is determined by arbitrators guided by a set of criteria for fixing the reward laid down in the International Convention on Salvage, 1989.

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Is Lloyd’s Open Form the only form of salvage agreement used at sea?

Having agreed in principle to giving a disabled vessel a tow, what should be the assisting shipmaster’s considerations?