When the master of a ship enters into a Lloyd’s Open Form contract with another vessel, on whose behalf does he do so?

On behalf of the owners of the ship and the owners of all “maritime property” on board including any cargo, cargo containers, bunkers, stores and other equipment, and the recipients of any freight at risk. On a ship with contractors’ equipment on board, such as a diving support vessel, the owners of that equipment would also be included. All the owners of “maritime property” become liable for a contribution to the salvor’s reward if he is successful.

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Written by Ship Inspection

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