Salvage Seminar

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

The issues:

·    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