Lloyd’s Market Association Bulletin
The LMA Onshore Energy Business Panel has published the attached model clause. This clause replaces LMA5383.
As with all LMA model clauses, they are purely illustrative and are distributed for the guidance of LMA members, who are free to agree to different conditions or amend as they see fit. These clauses are available on the Lloyd’s Wordings Repository (LWR), which can be accessed via www.lloydswordings.com.