What is NOT true regarding a Lloyd's Open...
Question 1 of 27070
Q
What is NOT true regarding a Lloyd's Open Form (LOF) Salvage Agreement?
A
The agreement between vessels can be made via VHF
B
The LOF is subject to the law of the country the two parties agree upon
C
There is a bonus to the salvage award if environmental casualty is averted
D
If salvage is not successful, vessel owes salvor nothing
Question 1 / 27070
66636ee728f7522a1c518d13
Question 1 of 27070
66636ee728f7522a1c518d13
What is NOT true regarding a Lloyd's Open Form (LOF) Salvage Agreement?
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A
The agreement between vessels can be made via VHF
B
The LOF is subject to the law of the country the two parties agree upon
C
There is a bonus to the salvage award if environmental casualty is averted
D
If salvage is not successful, vessel owes salvor nothing
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Question 1 of 27070
66636ee728f7522a1c518d13
Q
What is NOT true regarding a Lloyd's Open Form (LOF) Salvage Agreement?
A
The agreement between vessels can be made via VHF
B
The LOF is subject to the law of the country the two parties agree upon
C
There is a bonus to the salvage award if environmental casualty is averted
D
If salvage is not successful, vessel owes salvor nothing
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