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A LONG HISTORY
The principles of salvage and salvage law have evolved over many centuries. The fundamental concept is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, property and, in particular, to save life and prevent pollution.WRECK REMOVAL
There has been a trend over the last 10 years, 2006-2015, for wreck removal operations to significantly increase in cost. As an example, in 2004 total revenue for ISU members for wreck removal was US$32 million. The average revenue for the 3 years 2013-2015 was in excessof US$400 million.
THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media InfoISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major ISU RESPONDS TO POTENTIAL CLOSURE OF LLOYD’S SALVAGE ISU has submitted its response to Lloyds regarding the possible closure of the Lloyd’s Salvage Arbitration Branch. The following is the full text of the ISU response: CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION. The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. CORE SALVAGE SERVICES. Protecting the environment and preventing disasters. NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNION The most commonly used “No cure, No pay” contracts is the Lloyd’s Standard Form of Salvage Agreement (universally known as Lloyd’s Open Form, or LOF) standardised in 1908. Since then LOF has undergone 11 revisions; the current edition is LOF 2011, introduced in January 2011. ISU promotes the use of LOF in its unamended form. MEMBERSHIP – THE INTERNATIONAL SALVAGE UNION – SAVING Grosser Burstah 36-38 20457 Hamburg GERMANY Tel: +49 40 37 50 33 90 Website: www.brand-marine.com Email: info@brand-marine.com Dennis Brand Managing DirectorA LONG HISTORY
The principles of salvage and salvage law have evolved over many centuries. The fundamental concept is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, property and, in particular, to save life and prevent pollution.WRECK REMOVAL
There has been a trend over the last 10 years, 2006-2015, for wreck removal operations to significantly increase in cost. As an example, in 2004 total revenue for ISU members for wreck removal was US$32 million. The average revenue for the 3 years 2013-2015 was in excessof US$400 million.
THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media InfoISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major ISU RESPONDS TO POTENTIAL CLOSURE OF LLOYD’S SALVAGE ISU has submitted its response to Lloyds regarding the possible closure of the Lloyd’s Salvage Arbitration Branch. The following is the full text of the ISU response: CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.comINTRODUCTION
Introduction. The International Salvage Union. The International Salvage Union is the trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. The ISU. MEMBERSHIP – THE INTERNATIONAL SALVAGE UNION – SAVING Principal Contacts Craig English Jamie Campbell. Description Established in the 1970s, Briggs Marine and Environmental Services supply services including; vessel charter, salvage and wreck removal, oil and gas terminal operations, environmental consultancy and International 24 hour emergency oil spill response service. THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989 Introduction. The principles of salvage and salvage law have evolved over many centuries. A fundamental concept is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, cargo and bunker fuel and to save life and prevent damage to the environment.THE FUTURE OF LOF
The agreement of LOF clears the way for a prompt response by the salvor. For many centuries his primary role was to save property – the ship and its cargo. Today, however, in most salvage operations the salvor’s most important task (beyond saving life) is the prevention of environmental damage. 10. TEST – THE INTERNATIONAL SALVAGE UNION – SAVING LIVES 2703 Universal Trade Centre 3 Arbuthnot Road Central HONG KONG Tel: +852 9867 8011 Tel : +852 9300 2860 (24 hr) Fax: +852 2865 6571 Web: www.andrew-moore.comTYPES OF CASUALTY
A forecast deterioration in the weather can have a major influence on the salvage strategy adopted. Breakdowns. Machinery breakdowns are the most common cause of a marine casualty but most occurrences are not serious enough to disable a vessel for any length of time and are less frequent than 10-15 years’ ago.LLOYD’S OPEN FORM
Todd Busch, President, International Salvage Union. Lloyds Open Form (LOF) remains the most commonly used form of salvage contract. It has served the shipping community for over 100 years and has been regularly revised to ensure it meets the needs of its users. MALAYAN TOWAGE & SALVAGE CORP. (SALVTUG) » MEMBERSHIP If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com THE BALTIC EXCHANGE LTD » MEMBERSHIP The Baltic Exchange is the world’s only maritime marketplace. It maintains professional standards, resolves disputes and provides market information – including the Baltic indices. With over 500 member companies from all parts of the world, its international members handle a very large proportion of all dry cargo and tankerfixtures.
THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION. The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. CORE SALVAGE SERVICES. Protecting the environment and preventing disasters. NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNION The most commonly used “No cure, No pay” contracts is the Lloyd’s Standard Form of Salvage Agreement (universally known as Lloyd’s Open Form, or LOF) standardised in 1908. Since then LOF has undergone 11 revisions; the current edition is LOF 2011, introduced in January 2011. ISU promotes the use of LOF in its unamended form.WRECK REMOVAL
There has been a trend over the last 10 years, 2006-2015, for wreck removal operations to significantly increase in cost. As an example, in 2004 total revenue for ISU members for wreck removal was US$32 million. The average revenue for the 3 years 2013-2015 was in excessof US$400 million.
THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
ISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com CO-OPERATION IN A CRISIS BETWEEN SHIP INTERESTS AND ITS VANCOUVER 2010. Todd Busch, President, The International Salvage Union. Introduction. Co-operation between the shipowner, their underwriters and salvors and shore-based authorities is vital for a successful salvage and should begin at first notification of acasualty.
THE FUTURE OF LLOYD’S FORM, FROM THE SALVORS’ PERSPECTIVE ITS CONFERENCE, SINGAPORE, MAY 2008. Joop Timmermans, International Salvage Union . Introduction. Over the past 40 years the “top 20” spills worldwide resulted in the loss of some three million tonnes of crude oil into the sea. GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION. The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. CORE SALVAGE SERVICES. Protecting the environment and preventing disasters. NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNION The most commonly used “No cure, No pay” contracts is the Lloyd’s Standard Form of Salvage Agreement (universally known as Lloyd’s Open Form, or LOF) standardised in 1908. Since then LOF has undergone 11 revisions; the current edition is LOF 2011, introduced in January 2011. ISU promotes the use of LOF in its unamended form.WRECK REMOVAL
There has been a trend over the last 10 years, 2006-2015, for wreck removal operations to significantly increase in cost. As an example, in 2004 total revenue for ISU members for wreck removal was US$32 million. The average revenue for the 3 years 2013-2015 was in excessof US$400 million.
THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
ISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com CO-OPERATION IN A CRISIS BETWEEN SHIP INTERESTS AND ITS VANCOUVER 2010. Todd Busch, President, The International Salvage Union. Introduction. Co-operation between the shipowner, their underwriters and salvors and shore-based authorities is vital for a successful salvage and should begin at first notification of acasualty.
THE FUTURE OF LLOYD’S FORM, FROM THE SALVORS’ PERSPECTIVE ITS CONFERENCE, SINGAPORE, MAY 2008. Joop Timmermans, International Salvage Union . Introduction. Over the past 40 years the “top 20” spills worldwide resulted in the loss of some three million tonnes of crude oil into the sea. GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION. The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. CORE SALVAGE SERVICES. Protecting the environment and preventing disasters. MEMBERSHIP – THE INTERNATIONAL SALVAGE UNION – SAVING Grosser Burstah 36-38 20457 Hamburg GERMANY Tel: +49 40 37 50 33 90 Website: www.brand-marine.com Email: info@brand-marine.com Dennis Brand Managing Director NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNION The most commonly used “No cure, No pay” contracts is the Lloyd’s Standard Form of Salvage Agreement (universally known as Lloyd’s Open Form, or LOF) standardised in 1908. Since then LOF has undergone 11 revisions; the current edition is LOF 2011, introduced in January 2011. ISU promotes the use of LOF in its unamended form.WRECK REMOVAL
There has been a trend over the last 10 years, 2006-2015, for wreck removal operations to significantly increase in cost. As an example, in 2004 total revenue for ISU members for wreck removal was US$32 million. The average revenue for the 3 years 2013-2015 was in excessof US$400 million.
ISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info MALAYAN TOWAGE & SALVAGE CORP. (SALVTUG) » MEMBERSHIP If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com LLOYD’S SALVAGE ARBITRATION BRANCH » MEMBERSHIP One Lime Street LONDON, EC3M 7HA Tel: +44 20 7327 5408 Fax: +44 20 7327 6827 Website: www.lloydsagency.com Description Lloyd’s Salvage Arbitration Branch (SAB) is responsible for the administration of Lloyd’s Standard Form of Salvage Agreement (or Lloyd’s Open Form – LOF – as it is more commonly referred to). LOF provides a regime for determining the amount of remuneration to be CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION. The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. CORE SALVAGE SERVICES. Protecting the environment and preventing disasters. MEMBERSHIP – THE INTERNATIONAL SALVAGE UNION – SAVING Grosser Burstah 36-38 20457 Hamburg GERMANY Tel: +49 40 37 50 33 90 Website: www.brand-marine.com Email: info@brand-marine.com Dennis Brand Managing Director NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNION The most commonly used “No cure, No pay” contracts is the Lloyd’s Standard Form of Salvage Agreement (universally known as Lloyd’s Open Form, or LOF) standardised in 1908. Since then LOF has undergone 11 revisions; the current edition is LOF 2011, introduced in January 2011. ISU promotes the use of LOF in its unamended form.WRECK REMOVAL
There has been a trend over the last 10 years, 2006-2015, for wreck removal operations to significantly increase in cost. As an example, in 2004 total revenue for ISU members for wreck removal was US$32 million. The average revenue for the 3 years 2013-2015 was in excessof US$400 million.
ISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info MALAYAN TOWAGE & SALVAGE CORP. (SALVTUG) » MEMBERSHIP If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com LLOYD’S SALVAGE ARBITRATION BRANCH » MEMBERSHIP One Lime Street LONDON, EC3M 7HA Tel: +44 20 7327 5408 Fax: +44 20 7327 6827 Website: www.lloydsagency.com Description Lloyd’s Salvage Arbitration Branch (SAB) is responsible for the administration of Lloyd’s Standard Form of Salvage Agreement (or Lloyd’s Open Form – LOF – as it is more commonly referred to). LOF provides a regime for determining the amount of remuneration to be CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.comENVIRONMENT
Environment. Protecting the marine and coastal environments is a key role of members of the ISU. Often they are the only agency available to prevent a casualty from becoming an environmental catastrophe. They can help to prevent groundings, re-float vessels and remove pollutingcargoes and fuel.
THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989 Introduction. The principles of salvage and salvage law have evolved over many centuries. A fundamental concept is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, cargo and bunker fuel and to save life and prevent damage to the environment.THE FUTURE OF LOF
The agreement of LOF clears the way for a prompt response by the salvor. For many centuries his primary role was to save property – the ship and its cargo. Today, however, in most salvage operations the salvor’s most important task (beyond saving life) is the prevention of environmental damage. 10.SCOPIC AND THE SCR
China International Rescue and Salvage Conference 2018, Hangzhou 19 – 20 September 2018. An assessment of the current state of the marine salvage industry. Current commercial realities for the salvage industry. SCOPIC and the SCR in the international context. Asian Marine Casualty Forum 2017 – Status of Salvage Industry. LLOYD’S SALVAGE ARBITRATION BRANCH » MEMBERSHIP One Lime Street LONDON, EC3M 7HA Tel: +44 20 7327 5408 Fax: +44 20 7327 6827 Website: www.lloydsagency.com Description Lloyd’s Salvage Arbitration Branch (SAB) is responsible for the administration of Lloyd’s Standard Form of Salvage Agreement (or Lloyd’s Open Form – LOF – as it is more commonly referred to). LOF provides a regime for determining the amount of remuneration to be REFORMATION OF THE MARINE SALVAGE INDUSTRY Captain Mark Hoddinott F.N.I. (speaker/author), General Manager, International Salvage Union. Paper Synopsis ITS 2016 Boston. The past decade or so has seen some dramatic changes in the marine salvage industry’s commercial and operating environments. ISU RESPONDS TO POTENTIAL CLOSURE OF LLOYD’S SALVAGE ISU has submitted its response to Lloyds regarding the possible closure of the Lloyd’s Salvage Arbitration Branch. The following is the full text of the ISU response: THE BALTIC EXCHANGE LTD » MEMBERSHIP The Baltic Exchange is the world’s only maritime marketplace. It maintains professional standards, resolves disputes and provides market information – including the Baltic indices. With over 500 member companies from all parts of the world, its international members handle a very large proportion of all dry cargo and tankerfixtures.
WRECK REMOVAL ISSUES By Andreas Tsavliris, President, International Salvage Union. There are typically some 1000 serious shipping casualties globally each year. Successful intervention means that the majority of these casualties are towed to safety or refloated, repaired and returned toservice.
GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION. The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. CORE SALVAGE SERVICES. Protecting the environment and preventing disasters. PROVIDING ESSENTIAL SERVICES ISU members are ready around the clock, globally, to provide a unique emergency service for shipowners and insurers. Salvage Masters, salvage engineers, salvage crews, divers and technical specialists are available every day of the year. Protecting the marine environment is critical in every salvage operation. NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNIONLOUISIANA NO PAY NO PLAYNO PAY NO PLAY STATESNO PAY RAPAMAZON PAYS NO TAXES The most commonly used “No cure, No pay” contracts is the Lloyd’s Standard Form of Salvage Agreement (universally known as Lloyd’s Open Form, or LOF) standardised in 1908. Since then LOF has undergone 11 revisions; the current edition is LOF 2011, introduced in January 2011. ISU promotes the use of LOF in its unamended form.ISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media InfoTHE FUTURE OF LOF
The agreement of LOF clears the way for a prompt response by the salvor. For many centuries his primary role was to save property – the ship and its cargo. Today, however, in most salvage operations the salvor’s most important task (beyond saving life) is the prevention of environmental damage. 10. MALAYAN TOWAGE & SALVAGE CORP. (SALVTUG) » MEMBERSHIP If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION. The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which save life, protect the environment, mitigate risk and reduce loss. CORE SALVAGE SERVICES. Protecting the environment and preventing disasters. PROVIDING ESSENTIAL SERVICES ISU members are ready around the clock, globally, to provide a unique emergency service for shipowners and insurers. Salvage Masters, salvage engineers, salvage crews, divers and technical specialists are available every day of the year. Protecting the marine environment is critical in every salvage operation. NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNIONLOUISIANA NO PAY NO PLAYNO PAY NO PLAY STATESNO PAY RAPAMAZON PAYS NO TAXES The most commonly used “No cure, No pay” contracts is the Lloyd’s Standard Form of Salvage Agreement (universally known as Lloyd’s Open Form, or LOF) standardised in 1908. Since then LOF has undergone 11 revisions; the current edition is LOF 2011, introduced in January 2011. ISU promotes the use of LOF in its unamended form.ISU DOCUMENTS
International Salvage Union 2015 statistics demonstrate the value of the salvage industry. ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines. International Salvage Union members make major THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media InfoTHE FUTURE OF LOF
The agreement of LOF clears the way for a prompt response by the salvor. For many centuries his primary role was to save property – the ship and its cargo. Today, however, in most salvage operations the salvor’s most important task (beyond saving life) is the prevention of environmental damage. 10. MALAYAN TOWAGE & SALVAGE CORP. (SALVTUG) » MEMBERSHIP If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) PROVIDING ESSENTIAL SERVICES ISU members are ready around the clock, globally, to provide a unique emergency service for shipowners and insurers. Salvage Masters, salvage engineers, salvage crews, divers and technical specialists are available every day of the year. Protecting the marine environment is critical in every salvage operation.ENVIRONMENT
Environment. Protecting the marine and coastal environments is a key role of members of the ISU. Often they are the only agency available to prevent a casualty from becoming an environmental catastrophe. They can help to prevent groundings, re-float vessels and remove pollutingcargoes and fuel.
MEMBERSHIP – THE INTERNATIONAL SALVAGE UNION – SAVING Grosser Burstah 36-38 20457 Hamburg GERMANY Tel: +49 40 37 50 33 90 Website: www.brand-marine.com Email: info@brand-marine.com Dennis Brand Managing DirectorWRECK REMOVAL
There has been a trend over the last 10 years, 2006-2015, for wreck removal operations to significantly increase in cost. As an example, in 2004 total revenue for ISU members for wreck removal was US$32 million. The average revenue for the 3 years 2013-2015 was in excessof US$400 million.
2020 ISU SALVAGE INDUSTRY STATISTICS SHOW SIGNIFICANTLY Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989 Introduction. The principles of salvage and salvage law have evolved over many centuries. A fundamental concept is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, cargo and bunker fuel and to save life and prevent damage to the environment. NEW PRESIDENT FOR INTERNATIONAL SALVAGE UNION The Annual General Meeting of the International Salvage Union (ISU) was held in London, 19 September 2019 and the meeting elected Mr Richard Janssen as the new President of the ISU. CO-OPERATION IN A CRISIS BETWEEN SHIP INTERESTS AND ITS VANCOUVER 2010. Todd Busch, President, The International Salvage Union. Introduction. Co-operation between the shipowner, their underwriters and salvors and shore-based authorities is vital for a successful salvage and should begin at first notification of acasualty.
GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) Overview. Introduction; No cure – no pay; New demands on the salvor’s skill THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which PROVIDING ESSENTIAL SERVICES ISU members are expert project managers dealing with highly complex projects like the removal of large wrecks. The majority of coastal states require a wrecked vessel to be removed – particularly if it is a threat to the environment or a hazard to navigation. NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNIONLOUISIANA NO PAY NO PLAYNO PAY NO PLAY STATESNO PAY RAPAMAZON PAYS NO TAXES A fundamental concept of marine salvage is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, property and, in particular, to save life and prevent pollution. THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
ISU DOCUMENTS
ISU and IG Code of Practice Formal Tendering Procedures for Wreck Removal/Cargo Recovery THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media InfoTHE FUTURE OF LOF
ISU BRIEFING DOCUMENT. THE FUTURE OF LOF . Building foundations for the next 100 years. INTRODUCTION. 1. Lloyd’s Standard Form of Salvage Contract, otherwise known as Lloyd’s Open Form (LOF), celebrates its centenary in 2008. MALAYAN TOWAGE & SALVAGE CORP. (SALVTUG) » MEMBERSHIP If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) THE INTERNATIONAL SALVAGE UNION THE INTERNATIONAL SALVAGE UNION The credible, trusted and unified global voice of its members who facilitate world trade by providing marine services which PROVIDING ESSENTIAL SERVICES ISU members are expert project managers dealing with highly complex projects like the removal of large wrecks. The majority of coastal states require a wrecked vessel to be removed – particularly if it is a threat to the environment or a hazard to navigation. NO CURE – NO PAY – THE INTERNATIONAL SALVAGE UNIONLOUISIANA NO PAY NO PLAYNO PAY NO PLAY STATESNO PAY RAPAMAZON PAYS NO TAXES A fundamental concept of marine salvage is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, property and, in particular, to save life and prevent pollution. THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989SEE MORE ONMARINE-SALVAGE.COM
ISU DOCUMENTS
ISU and IG Code of Practice Formal Tendering Procedures for Wreck Removal/Cargo Recovery THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media InfoTHE FUTURE OF LOF
ISU BRIEFING DOCUMENT. THE FUTURE OF LOF . Building foundations for the next 100 years. INTRODUCTION. 1. Lloyd’s Standard Form of Salvage Contract, otherwise known as Lloyd’s Open Form (LOF), celebrates its centenary in 2008. MALAYAN TOWAGE & SALVAGE CORP. (SALVTUG) » MEMBERSHIP If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com CHINA DIVING & SALVAGE CONTRACTORS’ ASSOCIATION (CDSCA If you are interested in applying membership of the ISU then please contact Roger Evans on +44 20 7220 6597 or e: isu@marine-salvage.com GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) PROVIDING ESSENTIAL SERVICES ISU members are expert project managers dealing with highly complex projects like the removal of large wrecks. The majority of coastal states require a wrecked vessel to be removed – particularly if it is a threat to the environment or a hazard to navigation. MEMBERSHIP – THE INTERNATIONAL SALVAGE UNION – SAVING Grosser Burstah 36-38 20457 Hamburg GERMANY Tel: +49 40 37 50 33 90 Website: www.brand-marine.com Email: info@brand-marine.com Dennis Brand Managing DirectorENVIRONMENT
Protecting the marine and coastal environments is a key role of members of the ISU. Often they are the only agency available to prevent a casualty from becoming an environmental catastrophe.WRECK REMOVAL
The majority of coastal states require a wrecked vessel to be removed and for the shipowner and his liability insurers to pay for theremoval.
2020 ISU SALVAGE INDUSTRY STATISTICS SHOW SIGNIFICANTLY Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info THE QUARTERLY NEWSLETTER OF THE ISU Overview. Introduction; No cure – no pay; New demands on the salvor’s skill; Types of casualty; Wreck removal; The origins of Lloyd’s Form; Media Info THE LEGAL FRAMEWORK FOR SALVAGE OPERATORS AND THE 1989 Introduction. The principles of salvage and salvage law have evolved over many centuries. A fundamental concept is that the salvor should be encouraged by the prospect of an appropriate salvage award to intervene in any casualty situation to salve the ship, cargo and bunker fuel and to save life and prevent damage to the environment. NEW PRESIDENT FOR INTERNATIONAL SALVAGE UNION The Annual General Meeting of the International Salvage Union (ISU) was held in London, 19 September 2019 and the meeting elected Mr Richard Janssen as the new President of the ISU. CO-OPERATION IN A CRISIS BETWEEN SHIP INTERESTS AND ITS VANCOUVER 2010. Todd Busch, President, The International Salvage Union. Introduction. Co-operation between the shipowner, their underwriters and salvors and shore-based authorities is vital for a successful salvage and should begin at first notification of acasualty.
GRAND OCEAN & WILLIAMS CO., LTD » TEST Principal Contact Ms Lucy Lu (PA to General Manager) Overview. Introduction; No cure – no pay; New demands on the salvor’s skill__ __
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* ISU Associate Members’ Day 2021 * Virtual Salvage and Wreck Conference 2020 * Salvage and Wreck London 04 December 2019 * Asian Marine Casualty Forum 2019, Singapore * Salvage and Wreck London 05 December 2018 * China International Rescue and Salvage Conference 2018, Hangzhou 19 – 20 September 2018 * An assessment of the current state of the marine salvage industry * Current commercial realities for the salvage industry * SCOPIC and the SCR in the international context * Asian Marine Casualty Forum 2017 – Status of Salvage Industry * Reformation of the Marine Salvage Industry * SCOPIC and the SCR * Salvage, safety, the regulatory environment and protection for thesalvor
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* ITS Boston 2016: Does the regulatory environment in the USA improve provision of salvage services compared with Europe and otherparts of the world?
* Oil Spill India 2016 * The challenges facing the salvage Industry * LOF and defence of the marine environment * The future of Lloyd’s Form, from the salvors’ perspective * Co-operation in a crisis between ship interests and salvors: the salvor’s perspective * Fair reward for protecting the environment – the salvor’sperspective
* CMI Buenos Aires ISU President Speech * Tulane – The Development of Environmental Salvage* Press releases
* 2021
* 2020 ISU salvage industry statistics show significantly weaker revenues with dramatic fall in wreck removal income and services * ISU responds to potential closure of Lloyd’s Salvage ArbitrationBranch
* ISU statement regarding Ever Given refloating, Suez Canal * ISU members provided vital services to vessels carrying 2.5 million tonnes of potential pollutants in 2020* 2020
* ISU announces new legal adviser * ISU publishes statistics for 2019 * ISU members’ vital contribution to environmental protection * Members of the International Salvage Union respond to Coronavirus* 2019
* ISU journalists’ lunch 03 December 2019 remarks by ISU President, Richard Janssen * New President for International Salvage Union * ISU publishes statistics for 2018 * ISU members make major contribution to environmental protection* 2018
* A new vision for the salvage industry * ISU statistics for 2017 show show the salvage industry continues to experience weak revenues * New Secretary General for International Salvage Union * ISU Pollution Survey 2017 * ISU recognises achievements of former UK SoSRep, Hugh Shaw* 2017
* New President for International Salvage Union * President of International Salvage Union re-states value oftraditional salvors
* International Salvage Union statistics for 2016 show an increase in the provision of vital services but a dramatic fall in revenues * International Salvage Union members provide services in cases involving more than 2.5 million tonnes of potential pollutants in 2016 * International Salvage Union presents its Meritorious Service Award to Italian Coast Guard* 2016
* International Salvage Union re-states its support for Lloyd’sOpen Form
* International Salvage Union 2015 statistics demonstrate the value of the salvage industry * ISU addresses European Parliament on “Places of Refuge” and welcomes progress on European Union Operational Guidelines * International Salvage Union members make major contribution to environmental protection in 2015* 2015
* International Salvage Union 2014 statistics show the great benefit of the salvage industry * ISU Associate Members’ Day * New President for International Salvage Union * ISU Pollution Prevention Survey 2014* 2014
* International Salvage Union re-states commitment to insurers * ISU publishes Annual Review and industry statistics for 2013 * ISU Annual Review 2013 * UK shipping minister praises salvage industry * ISU Annual Pollution Survey – 2013 Results * ISU urges governments to adopt IMO Places of Refuge Guidelines* 2013
* International Salvage Union makes its first Award for MeritoriousService
* New President for International Salvage Union * International Salvage Union publishes annual statistics for 2012 * Annual Pollution Survey – 2012 Results* 2012
* ISU New General Manager * Annual Pollution Survey – 2011 Results * Associate Members Day 2012* AGM 2012
* ISU response to CMI outcome Beijing* Documents
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THE INTERNATIONAL SALVAGE UNION THE CREDIBLE, TRUSTED AND UNIFIED GLOBAL VOICE OF ITS MEMBERS WHO FACILITATE WORLD TRADE BY PROVIDING MARINE SERVICES WHICH SAVE LIFE, PROTECT THE ENVIRONMENT, MITIGATE RISK AND REDUCE LOSS. CORE SALVAGE SERVICES Protecting the environment and preventing disasters.LEARN MORE
FACILITATING TRADE
Salvage operations help to keep goods moving and ports open.LEARN MORE
PROJECT MANAGEMENT
Delivering complex major projects like removal of wrecks.LEARN MORE
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2020 ISU SALVAGE INDUSTRY STATISTICS SHOW SIGNIFICANTLY WEAKER REVENUES WITH DRAMATIC FALL IN WRECK REMOVAL INCOME AND SERVICES ISU today published its annual statistics for 2020: • Gross revenue for ISU members – US$ 301 million (2019, US$ 482 million) • 182 services provided (2019, 216 services) •READ MORE >
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ISU RESPONDS TO POTENTIAL CLOSURE OF LLOYD’S SALVAGE ARBITRATIONBRANCH
ISU has submitted its response to Lloyds regarding the possible closure of the Lloyd’s Salvage Arbitration Branch. The following is the full text of the ISU response: Re: Consultation onREAD MORE >
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ISU STATEMENT REGARDING EVER GIVEN REFLOATING, SUEZ CANAL This week we have again seen the great benefit provided to shipping and the world economy by professional salvors – members of the International Salvage Union – who are inREAD MORE >
ISU ANNUAL REVIEW 2019 This review contains information about the activities of the ISU and its members including the 2019 salvage industry financial and pollution prevention statistics.FIND OUT MORE
THE QUARTERLY NEWSLETTER OF THE ISU Salvage World contains the operational and corporate news from the ISU, its members and associate members. Dramatic photographs and discussion of current issues affecting the …READ THE NEWSLETTER
ENVIRONMENTAL PROTECTION Members of the ISU have a proud track record of protecting the marine environment from pollution, mitigating risk and reducing loss.FIND OUT MORE
2018 PHOTOGRAPHIC COMPETITION THE WINNER – China Rescue and Salvage – SANCHI firefighting Tsavliris – Corinth Canal Smit Salvage – South Sea casualty Multraship / Ardent / Wagenborg – seals in the Pentland Firth Five Oceans Salvage – casualty in Nigeria Resolve Marine Group – Alaskan fishing boat Tug Malta – water arch Boluda – tall shipUSEFUL RESOURCES
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