Your vessel is disabled and in imminent danger of
grounding on a lee shore. The Master agrees to salvage services using Lloyd's Open Form of Salvage...

Question

Your vessel is disabled and in imminent danger of
grounding on a lee shore.  The Master agrees to salvage services using Lloyd's Open Form of Salvage Agreement. Which is TRUE?

Accepted Answer

The salvage service is on a "no cure-no pay" basis.

Deck 2014: Deck General

Your vessel is disabled and in imminent danger of grounding on a lee shore. The Master agrees to salvage services using Lloyd's Open Form of Salvage Agreement. Which is TRUE?

More Deck General questions