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Autofill Salvage Agreement Template

Autofill Salvage Agreement Template

Aug 6th, 2022

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How to Autofill Salvage Agreement Template

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On March 18, 1994, the bulk carrier Oceanos grounded on a reef in the Pacific. The ship, built in 1993 and weighing 37,000 tons, was carrying 70,000 tons of Australian coal. Owners and underwriters were contacted, with Vest Miller offering the Lloyd's open form salvage agreement. The location posed challenges due to its remoteness and environmental vulnerability near SATA Wall in the Carolines. The salvage tug Jaguar, stationed in Manila, received orders for a five-day journey. Concurrently, negotiations finalized the contract acceptance, and preparations commenced to mobilize the necessary equipment and expertise for the salvage operation.

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