The LMA has published model Service Company Consortium Agreements for use in Australia, Canada and the Dubai International Financial Centre.

The agreements are not mandatory and are intended to be a tool that service companies in the relevant jurisdictions can use.

LMA3197 – Canadian Service Company Consortium Agreement

LMA3198 – Dubai International Financial Centre Service Company Consortium Agreement

LMA3199 – Australian Service Company Consortium Agreement

All LMA model clauses are purely illustrative and are published and distributed for the guidance of Lloyd’s managing agents, brokers and other market participants. All contracting parties are free to agree to different conditions/amend the model clauses as they see fit; the LMA does not protect its intellectual property rights over model clauses. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. Model documents are available on the Lloyd’s Wordings Repository (LWR).

Ray Koh
Legal Counsel
ray.koh@lmalloyds.com