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Revisions to the LOF contract and the SCOPIC clause. 6 October 2000 No.00-012 Since 1997, the Lloyd's Form Working Party, comprising representatives of all sections of the industry, have been working on a new version of Lloyd's Open Form (LOF) with a view to producing a simpler, more concise document. The intention has been to produce a new version of LOF, to be named LOF 2000, which only contains those provisions which relate to the services themselves and the rights and obligations of the parties. Provisions relating to procedural and administrative matters are contained in a set of standard clauses which are to be incorporated into the contract by reference. As such,the changes are cosmetic rather than substantive A final draft of the LOF 2000 contract, limited to a single sheet, double-sided document, has now been produced. The subordinate provisions being contained in the LSSA Clauses and Lloyd's Procedural Rules. Copies of all these documents are attached hereto. In view of the abovementioned changes to the LOF contract, it was decided to revise the SCOPIC clause, despite the fact that less than half of the 2 year trial period has expired. The principal reason for this was that the SCOPIC clause specifically referred to LOF 95 and therefore needed amendment to take LOF 2000 into account. However, it meant that, at the same time, the opportunity could be taken to make certain clarificatory changes to answer criticisms that parts of the SCOPIC clause mechanism are unclear. The amended version of the SCOPIC clause will be marked "SCOPIC 2000" and the principal amendments to it are listed hereunder:- 1   sub-clause 1 has been amended such that the SCOPIC clause can now apply to any LOF agreement which incorporates the provisions of Article 14 of the International Convention on Salvage 1989. Thus, it can now be used in conjunction with LOF90, LOF95 or LOF2000; 2   sub-clause 1 has
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pi_circular Japan P&I Club ·2000-10-06

Revisions to the LOF contract and the SCOPIC clause. - Japan P&I Club

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