Demystifying Salvage event – 2nd February 2016
This very successful LSLC event attracted a large audience representing a wide cross-section of delegates from the UK and Europe.
The Panel members were:
Chairman: Simon Kverndal QC – Quadrant Chambers
Andrew Chamberlain – Holman Fenwick Willan
Chris Adams – Steamship Ins. Management Services Ltd.
Capt. Nick Sloane – Sloane Marine
Richard Gunn – Reed Smith LLP
· Salvage in the 21st Century – challenges and opportunities, reasons to be cheerful
· ‘Throwing the baby out with the bathwater?’ – when salvage services are required and the role of LOF
· No cure, no pay. No cure: what next in the context of a grounding?
· The risks of it going wrong from the P&I perspective
· How will the maritime community deal with the mega ship salvage operation? – the Vale-Max bulk carriers and UL “20,000 TEU” Container Ships
· Potential costs of a failed emergency response salvage operation – more than the Costa Concordia?!
· Is the salvage community ready to respond? – demystifying the steps to be taken
· Why is LOF seen as expensive? – alternative funding arrangements to pay for the costs of salvage
The Lecture Notes from this event are available in the members’ section.
Here is a link to Richard Gunn’s presentation “Why is LOF seen as expensive and an analysis of possible alternative funding methods”
Companies represented were as listed here