Special Compensation P&I Club clause attached to Lloyd's Open Form (LOF) salvage agreements, replacing the unworkable Article 14 of the Salvage Convention 1989.
Regulatory detail & full definition
Allows a salvor to invoke pre-agreed compensation rates for salvage with environmental risk, even when the salvage is unsuccessful (no traditional 'no cure, no pay' bar). Funded by the shipowner's P&I Club. The Special Casualty Representative (SCR) attends on behalf of the P&I Club + Salvors and must agree daily summaries.
Source: Lloyd's Open Form 2020; SCOPIC Clause 2014 (latest revision)