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The Lloyd's Open Form, formally "Lloyd's Standard Form of Salvage Agreement", and commonly referred to as the LOF, is a standard form contract for a proposed marine salvage operation. Originating in the late 19th century, the form is published by Lloyd's of London and is the most commonly used form for international salvage.
Basic idea of LOF: comparing the local density of a point with the densities of its neighbors. A has a much lower density than its neighbors. The local outlier factor is based on a concept of a local density, where locality is given by k nearest neighbors, whose distance is used to estimate the density.
Under the LOF contracts, the parties submit to the jurisdiction of a Lloyd's arbitrator to determine the amount of award. But salvage is also a remedy that arises independently of a contract. A salvage claim, outside the LOF arbitration agreement, can be brought in the Admiralty Court and is defined under CPR r 61.1 (2) (f) to mean:
The model year (sometimes abbreviated as MY) is a method of describing the version of a product which has been produced over multiple years. The model year may or may not be the same as the calendar year in which the product was manufactured.
A furlough (/ ˈ f ɜːr l oʊ /; from Dutch: verlof, "leave of absence") is a temporary cessation of paid employment that is intended to address the special needs of a company or employer; these needs may be due to economic conditions that affect a specific employer, or to those prevailing in society as a whole.
Each year when the clock strikes midnight on New Year's, people around the world sing one song in unison. "Auld Lang Syne" has long been a hit at New Year's parties in the U.S. as people join ...
The meaning and lyrics behind the popular end-of-year song. ... This highly-rated face serum is just $10: 'Totally changed my 64-year-old skin' AOL. AOL Reviewed: Drew Barrymore’s grind-and-brew ...
The Pool Days top is one of LOF’s best-selling designs and a quick scroll through the reviews will immediately reveal why: “Tell you what, I feel like a million bucks in this bathing suit ...