SCOPIC CLAUSE Sample Clauses
A Scopic Clause is a contractual provision commonly used in marine salvage agreements to supplement standard salvage terms, particularly when dealing with environmental threats. It activates additional compensation mechanisms for salvors when the operation involves preventing or minimizing environmental damage, such as oil spills from a grounded vessel. The clause sets out specific procedures for notification, assessment, and calculation of extra remuneration based on the nature and extent of the environmental risk. Its core practical function is to incentivize salvors to undertake environmentally sensitive operations by ensuring they are fairly compensated for the additional risks and efforts involved, thereby addressing the problem of insufficient motivation under traditional salvage terms.
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SCOPIC CLAUSE. This SCOPIC clause is supplementary to any Lloyd’s Form Salvage Agreement “No Cure - No Pay” (“Main Agreement”) which incorporates the provisions of Article 14 of the International Convention on Salvage 1989 (“Article 14”). The definitions in the Main Agreement are incorporated into this SCOPIC clause. If the SCOPIC clause is inconsistent with any provisions of the Main Agreement or inconsistent with the law applicable hereto, the SCOPIC clause, once invoked under sub-clause 2 hereof, shall override such other provisions to the extent necessary to give business efficacy to the agreement. Subject to the provisions of sub-clause 4 hereof, the method of assessing Special Compensation under Convention Article 14
SCOPIC CLAUSE. Unless the word “ No” in Box 7 has been deleted this agreement shall be deemed to have been made on the basis that the Scopic Clause is not incorporated and forms no part of this agreement. If the word “ No” is deleted in Box 7 this shall not of itself be construed as a notice invoking the Scopic Clause within the meaning of sub-clause