Local Oil Spill Response Community News

There is growing acceptance of Lloyd’s Open Form as the optimum contract for response to serious marine emergencies in US waters according to SMIT Salvage. A number of cases over the past few years have provided demonstration of the efficacy of LOF when responding to vessels with a potential to cause significant environmental damage. The effectiveness of the LOF system relates to the fact that the contract, once agreed, gives a set of very clear responsibilities to the salvor.