Gold Ribbon Banner
Wednesday, January 22, 2020
SMART bow

I always enjoy attending the International Salvage Union (ISU) Maritime Press Lunch in December each year.

It is always interesting to catch up on trends, challenges and difficulties of this vital industry. This year, the lunch was proceeded by an excellent seminar with presentations by ISU President John Witte, Mark Hoddinot, General Manager and Rob Wallis Legal Adviser.

The Executive Committee and members of the ISU have restated their commitment to using and promoting the Lloyd's Open Form salvage (LOF) contract. This comes at a time when news of the LOF is at historic low levels. Lloyd's Open Form has been in use for more than 100 years in various editions (the current version is LOF 2011). The contract contains simple, pro forma clauses enabling it to be quickly agreed in a casualty situation.

Speaking at the ISU AGM, President John Witte said "LOF has stood the test of time simply because it is the best contract to use in many emergency responses. But the number of LOFs being agreed has come down in recent years and it is a concern. LOF has great benefits. It is simple, easy to understand and requires no negotiation of fees when resources are better spent on trying to save life and property and in protecting the marine environment from the consequences of a casualty. "The great majority of LOF cases are settled amicably, which we think is a clear demonstration of its fairness, and the salvor is only paid if the job is a success – in short the salvor carries the financial risk of the job."

"We would like the shipping community and the marine insurers to be in no doubt that LOF has the full support of ISU. We know there is much commercial pressure in the salvage industry, but other solutions are not always appropriate or safe." ISU has been working with Lloyd's to improve understanding of the benefits of the contact (LOF) and will re-double its efforts, particularly with marine property underwriters and owners.

More on this and other news in Sea Breezes Magazine - February 2017 Issue
Click here to subscribe

Subscribe Graphic

Latest Issue - Look Inside!

Boudicca

Most Popular

Latest Products

Maritime Log

  • RNLI to Cut 135 Jobs +

    RNLI TO CUT 135 JOBS AS GREATER ‘EFFICIENCY NEEDS FEWER PEOPLE’ Read More
  • Twenty Years of Cruise Ships +

    Twenty Years of Cruise Ships ON AUG 30, the Port of Tyne celebrated 20 years of cruise ship travel. Read More
  • Race Through Horrendous Seas to Aid Fishing Vessel +

    Race Through Horrendous Seas to Aid Fishing Vessel ON THE afternoon of Aug 30, a fishing vessel reported to the Coastguard that she had lost power near Peterhead, Read More
  • RAF Chinooks Arrive by Sea From us and Fly to Their Base From Quayside +

    RAF Chinooks Arrive by Sea THE Atlantic Container Line (ACL) won a contract from Boeing Defence UK to transport seven Chinook helicopters across the Atlantic Read More
  • Launch of a Unique Memorial to a Memory +

    Launch of a Unique Memorial to a Memory THE NEW Invergordon Shannon class lifeboat which enters service next spring will feature the names of thousands of people in Read More
  • 1
  • 2
  • 3

North America

  • Tanker Returns to Shipyard After Hurricane +

    Tanker Returns to Shipyard After Hurricane The Grand Bahama Shipyard (GBS) officially resumed operations and welcomed back its first commercial vessel following Hurricane Dorian. Read More
  • Boost for Area's Exports and Jobs Forecast +

    Port of Morrow in Oregon THE EXTENSION of the barge service at the port of Morrow, in Oregon, is one of only three projects on Read More
  • USCG Cutter and Two Life Boats Ensure Damaged Vessel Reached Post +

    USCG Life Boat In a four-day operation off the coast of Oregon, three separate vessels of the US Coast Guard towed a 50ft Read More
  • Operation to Salvage Three Tugs +

    Tug Salvage THE US Coast Guard has launched an investigation into the sinking of three vessels in the Illinois River near Hardin, Read More
  • Terminal Being Made 'Big Ship Ready' for 2021 +

    Terminal Being Made Big Ship Ready WORK has started on the expansion of Seattle’s Terminal 5 so it can handle container ships of up to 18,000 Read More
  • 1
  • 2
  • 3

Asia-Pacific

  • Next Generation of Bulk Carrier Handed Over +

    Next Generation of Bulk Carrier Handed Over THE JAPANESE shipbuilder Japan Marine United has delivered what it described as “a next-generation energy-saving bulk carrier” to Nissen Kaiun, Read More
  • Coal Carrier to Serve Japanese Power Stations +

    Coal Carrier to Serve Japanese Power Stations THE Japanese shipping line, Kawasaki Kisen Kaisha (K Line), have taken delivery of the coal carrier Corona Citrus, 88,000dwt, built Read More
  • Network Demands Recovery of the Second VDR +

    Stellar Daisy A new search has been demanded to recover the second Voyage Data Recorder (VDR) from the wreck of the South Read More
  • First of Giant New Container Ships is Handed Over +

    MSC Gulsun THE SWISS-based Mediterranean Shipping Co (MSC) has taken delivery of one of the world’s largest container ships, the MSC Gulsun, Read More
  • The Last New Magnolia Ship in Series +

    The Last New Magnolia Ship THE Singapore-based container shipping company Ocean Network Express (ONE) has taken delivery of the 14,000 teu capacity ONE Cygnus, 138,611dwt, Read More
  • 1
  • 2
  • 3

Naval Focus

  • US Navy Orders Another Two Expeditionary Sea Base Ships +

    US Navy Orders Another Two Expeditionary Sea Base Ships American News The expansion of the US Navy’s amphibious capability continues with the announcement that General Dynamics NASSCO has received Read More
  • RFA Tideforce is Welcomed into Service +

    RFA Tideforce BRITISH News THE FOURTH and last of the new Tide class tankers, RFA Tideforce, was offi cially accepted into service Read More
  • USS Cincinnati to be Delivered to US Navy +

    USS Cincinnati US News USS CINCINNATI is the latest member of the expanding littoral combat ship fl eet to be delivered to Read More
  • Scorpene Sub Snags +

    INS Khanderi indian News The troubled Scorpene class submarine program hit another snag in June. Read More
  • US Navy’s Frigate Program Passes Significant Hurdle +

    USS Minneapolis-St Paul US News The US Navy has unveiled its plans for the purchase of a new frigate known as FFG(X). Read More
  • 1
  • 2
  • 3

Ferry World

  • DFDS and Moby +

    DFDS and Moby PROPOSED FERRY EXCHANGE ‘AND A TALE OF TWO STEAMERS...’ Read More
  • From Port Glasgow Nationalisation to Philip & Son, Dartmouth +

    Red Eagle So, not many months ago, nationalisation was unfashionable and unlikely ever to return, especially within the EU where that institution’s Read More
  • Alan Sinclair to Nova Star +

    Glen Sannox Those in management positions must dread the retirement of those characters who retire from their life’s work with a wealth Read More
  • Fragile Future for Calmac +

    Isle of Arran TMore and more, I am reading reports that say the media, and the public too, are well aware of the Read More
  • Oscar Goes to Italy +

    Oscar Wilde Irish Continental Group has entered into a bareboat hire purchase agreement for the sale of its 1987-built Oscar Wilde to Read More
  • 1
  • 2
  • 3

Sail Review/Coastal Comment

  • Visits to Brixham and the Pin Mill Race +

    Visits to Brixham and the Pin Mill Race In July, the brigantine Tres Hombres called at Brixham on passage from the Caribbean to Amsterdam with 35 tonnes of Read More
  • From Gloucester Tall Ships to Kenyan Sailing Dhows +

    Royalist Gloucester Dock is linked to the River Severn at Sharpness by a 16 mile canal. Read More
  • The Zea Servant +

    Zea Servant The Hong Kong registered Zea Servant arrived late June from Hull. She was in Campbeltown to load wind turbines for Read More
  • The Green Band of Marstal +

    Bessie Ellen The Danish Maritime Museum had the schooner Bonavista built on the island of Aero at Marstal and this year they Read More
  • Norweigan National Day +

    Thorodd I was in Montrose on the Norwegian National Day, 17 May, when its independent constitution from Sweden was confirmed in Read More
  • 1
  • 2
  • 3

From the Lookout

  • Flying Focus Calendar 2020 +

    Flying Focus Calendar 2020 FOR MORE THAN 30 years, Flying Focus, based in the Netherlands, has specialised in maritime aerial photography.. Read More
  • Seized Stena Impero Leaves Oran, Owner Confirms +

    Seized Stena Impero Leaves Oran, Owner Confirms It was good news to hear in late September that, according to the ship’s owner, Stena Bulk, the detained tanker Read More
  • Gulf Tensions Result in Cruise Cancellations +

    Oceana IN THE ‘MESSAGE FROM THE BRIDGE’ I referred to the tensions with Iran in the Gulf, following the seizure in Read More
  • Waverley Appeal Reaches Half Million Milestone +

    Waverley Appeal THE WAVERLEY – the last sea-going paddle steamer in the world – had to be withdrawn from service in May this year Read More
  • Welcome to 'Spirit Of Discovery' - Farewell to 'Oriana' +

    Spirit of Discovery WITHIN the last two months the British cruise industry has welcomed the arrival of Saga Cruises, 58,250gt, Spirit of Discovery, Read More
  • 1
  • 2
  • 3

Cruise News/Superyacht News

  • Silversea Cruises has Partnered with French Luxury Glassmaker Lalique +

    Silver Shadow SILVERSEA CRUISES has partnered with French luxury glassmaker Lalique to enhance the dining experience onboard Silver Shadow and Silver Moon. Read More
  • Billionaire Arthur Blank has his own Dreamboat +

    Billionaire Arthur Blank's Dreamboat ARTHUR BLANK helped create the American home improvement store chain, Home Depot, and it seems that now, his new fl Read More
  • Boudicca Pays Tribute to D-Day Veterans +

    Boudicca Fred. Olsen Cruise Lines were proud to have played its part in hosting 250 D-Day veterans. Read More
  • Captain of a Modern Passenger Carrying Sail Ship +

    Sea Cloud 2 If you have ever wondered what qualities a Captain of a cruise vessel might need to have listed on his Read More
  • Every Ash Cloud Has A Silver Lining +

    The ash cloud crisis continues to cause uncertainty as we see sporadic closures of airspace and cancelled flights, and this Read More
  • 1
  • 2
  • 3

Ships, Ports and Places

Cuba

An Unexpected Job in Cuba

In 1948, I joined the MV Yamaska Park as an EDH and, over the first few days aboard, I became Read More
Suez Canal

The Creation of the Suez Canal - Part Two

IAt the end of 1858, the company’s Works Committee convened for the first time. It included an impressive assembly of Read More
  • 1
  • 2

Companies, Events and Other Features

Seventy-Five Years On

Seventy-Five Years On

In 1944, Tom Bradbury was serving as a 22-year-old Royal Navy lieutenant in the DIDO class cruiser HMS Scylla. Having Read More
The Falkland Robinson Crusoe

The Falkland Robinson Crusoe

During the 1982 South Atlantic conflict between Britain and Argentina over control of the archipelago known to the British as Read More
  • 1
  • 2