Common use of Arbitration and the LSSALSA Clauses Clause in Contracts

Arbitration and the LSSALSA Clauses. The Contractors’ remuneration and/or special compensation shall be determined by arbitration in London in the manner prescribed by Lloyd’s Standard Salvage and Arbitration Clauses (“the LSSA Clauses”) and Lloyd’s Procedural RulesLSAC”) in force at the date of this agreement. The provisions of the said LSSA Clauses and Lloyd’s Procedural RulesLSAC are deemed to be incorporated in this agreement and form an integral part hereof. Any other difference arising out of this agreement or the operations hereunder shall be referred to arbitration in the same way. J Governing law: This agreement and any arbitration hereunder shall be governed by English law. K Scope of authority: The Master or other person signing this agreement on behalf of the property identified in Box 2 enters into this agreement as agent for the respective owners thereof and binds each (but not the one for the other or himself personally) to the due performance thereof. L Inducements prohibited: No person signing this agreement or any party on whose behalf it is signed shall at any time or in any manner whatsoever offer provide make give or promise to provide or demand or take any form of inducement for entering into this agreement.

Arbitration and the LSSALSA Clauses. The Contractors’ remuneration and/or special compensation shall be determined by arbitration in London in the manner prescribed by Lloyd’s Xxxxx’x Standard Salvage and Arbitration Clauses (“the LSSA Clauses”) and Lloyd’s Xxxxx’x Procedural RulesLSAC”) in force at the date of this agreement. The provisions of the said LSSA Clauses and Lloyd’s Xxxxx’x Procedural RulesLSAC are deemed to be incorporated in this agreement and form an integral part hereof. Any other difference arising out of this agreement or the operations hereunder shall be referred to arbitration in the same way. J Governing law: This agreement and any arbitration hereunder shall be governed by English law. K Scope of authority: The Master or other person signing this agreement on behalf of the property identified in Box 2 enters into this agreement as agent for the respective owners thereof and binds each (but not the one for the other or himself personally) to the due performance thereof. L Inducements prohibited: No person signing this agreement or any party on whose behalf it is signed shall at any time or in any manner whatsoever offer provide make give or promise to provide or demand or take any form of inducement for entering into this agreement.