The forum convened to discuss key developments in wordings across the Lloyd’s market.

Jawdat Khurshid KC presented on the General Sanctions and Financial Crime Documentation Clause.

Updates included confirmation of Lloyd’s trust fund holdings in several territories and guidance on using Crystal.

Amendments to Service of Suit clauses (LMA5020, NMA1998, LMA5021) were reviewed, with new versions to be published and originals archived.

The Facultative Certificate Endorsement (LMA5656) was discussed, with feedback sought on its use and a new ‘order of priority’ version to be drafted.

Further updates covered the Property (Digital Assets) Bill and ongoing reviews of marine war clauses.

Members were invited to contribute to the LMA website redesign and to complete a brief survey before the next meeting.