Assessment of Salvage Awards under LOF

摘要

This paper concerns salvage awards and calls for a degree of audience participation. The proposal is to run through four scenarios (real cases) with photographs and videos, providing a short introduction to the principles of assessment, a verbal overlay on each scenario, plus facts and figures projected on screen. After consideration, the delegates are invited to indicate the level of award against a suggested range of figures. LOF numbers are not increasing, but all stakeholders agree that LOF remains the contract of choice when property and lives are at risk.