Salvors have reacted to pressure from cargo interests to allow independent oversight of 'no cure, no pay' emergency salvage operations.
For one year, until October 2015, salvors will trial the submission of a daily salvage report, briefing the owner and hull and machinery underwriters on the progress of operations.
The move is an alternative to the Lloyd's-initiated idea of a Property Salvage Consultant (PSC), employed by the shipowner and hull and machinery underwriters, who would oversee a standard Lloyds Open Form salvage to help cut back on costs and increase efficiency.
"We reject the PSC proposal, because we do not see that it will add any value," said Leendert Muller, president of the
