ASA ASSESSMENT IN RESPONSE TO LLOYD’S SALVAGE AR American Salvage Association 107 South West Street, Suite 743, Alexandria, Virginia 22314 USA www.americansalvage.org / info@americansalvage.org Tel: 1-703-373-2267 / Fax: 1-703-373-2036
Lindsay Malen-Habib President Mike Jarvis Vice President Jim Elliott Immediate Past President May 20th, 2021 Chairman of the Council of Lloyd’s Mr. Bruce Carnegie-Brown Bruce.Carnegie-Brown@lloyds.com Chief Executive of Lloyd’s Mr. John Neal John.Neal@lloyds.com Ref: Closure of Lloyd’s Salvage Arbitration Branch Dear Sirs, On behalf of the American Salvage Association, I am writing to express the Association’s support for the International Salvage Union’s position in opposition to the proposed closure of the Lloyd’s Salvage Arbitration Branch. The ASA numbers some 103 members from the United States, Caribbean, and Latin America. The ASA is itself a member of the ISU. With its infrastructure such as a mechanism for posting of security and a forum for arbitration of disputes before experienced salvage arbitrators, the LOF remains a significant tool for our members whether engaged in work in domestic or foreign waters. For purposes of this letter particularly, we think our Mission Statement captures the very essence of our objectives. The Mission Statement provides: “The mission of the ASA is to be a unifying association of the commercial marine salvage industry, serving as the definitive spokesman for this industry in Washington D. C. and elsewhere in North, Central, and South America as well as the Caribbean Sea.” In furtherance of this mission, one of our objectives, which again is particularly relevant to the ongoing support of the LOF, is: “To work towards the improvement and, where, applicable, the standardization of contracts and other documentation relevant to the Marine Salvage industry.” 6
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