Lloyds commits to support LOF contracts

Lloyds has expressed its commitment to Lloyd’s Salvage Arbitration Branch (LSAB) and to oversee Lloyd’s Open Form contracts (LOF) after earlier suggesting LSAB services could be stopped.

LOF contracts protect both parties for instance during towing operations (Tsavliris)

Lloyds has expressed its commitment to Lloyd’s Salvage Arbitration Branch (LSAB) and to oversee Lloyd’s Open Form contracts (LOF) after earlier suggesting LSAB services could be stopped.