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QID - 26794

What is NOT true regarding a Lloyd's Open Form (LOF) Salvage Agreement?

There is a bonus to the salvage award if environmental casualty is averted 
            
If salvage is not successful, vessel owes salvor nothing 
            
The LOF is subject to the law of the country the two parties agree upon 
            
The agreement between vessels can be made via VHF 
            

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