On board the dated 19

It is hereby Agreed between Captain † for and on behalf of the Owners of the “ ‘‘her cargo and freight and for and on behalf of (hereinafter called “the Contractor”*):—

1. The Contractor agrees to use his best endeavours to salve the and/or her cargo and take them into or other place to be hereafter agreed. The services shall be rendered and accepted as salvage services upon the principle of “no cure — no pay”. In case of arbitration being claimed the Contractor’s remuneration in the event of success shall be fixed by arbitration in London in the manner hereinafter prescribed : and any difference arising out of this Agreement or the operations thereunder shall be referred to arbitration in the same way. In the event of the services referred to in this Agreement or any part of such services having been already rendered at the date of this Agreement by the Contractor to the said vessel and/or her cargo it is agreed that the provisions of this Agreement shall apply to such services.

2. The Contractor may make reasonable use of the vessel’s gear anchors chains and other appurtenances during and for the purpose of the operations free of expense but shall not unnecessarily damage abandon or sacrifice the same or any other of the property the subject of this Agreement.

3. The Master or other person signing this Agreement on behalf of the property to be salved is not authorised to make or give and the Contractor shall not demand or take any payment draft or order for or on account of the remuneration.

4. The Contractor shall immediately after the termination of the services or sooner notify the Committee of Lloyd’s of the amount for which he requires security (inclusive of costs, expenses and interest) to be given. Unless otherwise agreed by the parties such security shall be given to the Committee of Lloyd’s, and security so given shall be in a form approved by the Committee and shall be given by persons firms or corporations resident in the United