Salvage - LOF SCOPIC Rate

Lloyd's Open Form + SCOPIC special-compensation rate - daily rate for no-success environmental salvage.

LOFSCOPICSalvage

Days of salvageSCOPIC daily rateUSD/day

Base SCOPIC remuneration: 600,000USD

Uplift max (25 %): 150,000USD

Changing the inputs requires JavaScript. The calculator above shows its default inputs and result. The formula, symbols, and regulatory sources are shown in the Formula section below.

Formula, assumptions, and limits

\text{SCOPIC} = d \cdot r

Symbol	Meaning	Unit
$SCOPIC$	Special Compensation P&I Club

Source: LOF 2020 + SCOPIC 2014

In short

Lloyd's Open Form + SCOPIC special-compensation rate - daily rate for no-success environmental salvage.

Learn the theory General Average and York-Antwerp Rules