Salvage Forum

The Salvage Forum reflects the views of the world’s hull and cargo insurers in the context of the development and operation of Lloyd’s Standard Form of Salvage Agreement (including SCOPIC) (“LOF”) and the wider treatment of salvage as it impacts upon marine property insurers.

The Forum consists of members from various countries, all with marine insurance experience.

Since its formation in 2011 the Salvage Forum’s members have represented marine property underwriters’ views in many contexts including:

Lloyd’s Salvage Group (responsible for monitoring the wording and operation of LOF);
The SCOPIC Committee (responsible for monitoring the terms and operation of the Special Compensation P & I Clubs Clause);
Comité Maritime International (“CMI”) sub-committee on the review of the York-Antwerp Rules on General Average;
The CMI’s Conferences in 2012 (Beijing) and 2016 (New York).

Code of Practice between the International Group of P&I Clubs and IUMI

A Code of Practice between the International Group of P&I Clubs and IUMI has recently been agreed in relation to future casualty situations that may give rise to the need for third party salvage services. The document sets out rules and procedures to be followed by property and liability underwriters in case of such incidents, including the payment of fees and disbursements to the Special Casualty Representative (“SCR”).

CMI GA Guidelines and Security Forms

In an effort to make the complex system of general average (GA) more accessible to parties not familiar with the subject the Comité Maritime International (CMI) has, through its Standing Committee (SC) on General Average, produced the following handbook which, in its annex, also contains recommended standard security forms for general average cases. The Guidelines as well as the security forms have also been approved by the International Union of Marine Insurance (IUMI) and the International Chamber of Shipping (ICS).

Logging in to iumi.com will provide you access to all downloads. It is available to IUMI member associations and their member companies; affiliates and IUMI Professional Partners (IPPs). To request access, please contact your national (marine) insurance association.

Nick Coleman
Chair

Gard AS
Skipsbyggerhallen
Solheimsgaten 11
5058 BERGEN
Norway

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Helga Gronlund Hodne
Secretary

Skuld
Assuranceforeningen Skuld (Gjensidig)
Rådhusgaten 27
0158 Oslo
Norway

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Frédéric Denèfle
President

GAREX
9, rue de Téhéran
75008 Paris
France

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Amy Eaves

Lancashire Insurance Company (UK) Limited
Level 29, 20 Fenchurch Street
EC3M 3BY
London
United Kingdom

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Joseph Grasso

Wiggin and Dana
Two Liberty Place
50 S. 16th Street, Suite 2925
Philadelphia, Pennsylvania 19102
USA

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Alistair Johnston

Campbell Johnston Clark
Floor 1-2, 59 Mansell Street
E1 8AN London
UK

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Jiro Kubo

Tokio Marine & Nichido Fire Insurance Co. Ltd
2-1, Marunouchi 1-Chrome
Chiyoda-Ku
100-8050 Tokyo
Japan

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Ilias Tsakiris

American Steamship Owners Marine Insurance Company (Europe) Ltd.
4, Kalitheas Street / Imperial House
2nd floor, office 202
3086 Limassol
Cyprus

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Eftychia Tsakou

Norwegian Hull Club
Solheimsgaten 5
5058 Bergen
Norway

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