Lloyd's Open Form
C2CEFR level
97/100Rarity: very rare
TechnicalRegister
A standard salvage agreement, based on the 'no cure, no pay' principle, under which the reward is fixed later by arbitration in London.
The master signed Lloyd's Open Form as the casualty drifted towards the reef.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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