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“Ocean Crown”

26th Nov 2009

[2010] 1 Lloyds Rep 468

Timohty Brenton Q.C. – Salvage. Appeal to High Court arising out of second highest ever award under LOF.

Salvage — Remuneration — Assessment of award — Principle of encouragement — Whether tribunal entitled to take into account possibility that salvors might experience difficult economic conditions in future — Whether permissible to take into account actual economic conditions experienced between date of termination of the services and date of award — Whether principle in The Amerique applicable to complex and comprehensive cases.