Lloyd's Market Association Bulletin

LMA23-030-DF | 20 October 2023

Automatic Termination Amendment Endorsement

 

To advise participants in the aviation market of a model clause for those risks that could be impacted by AVN52 conditions. The purpose of the amendment is to provide clearer conditions for your insureds by which they can maintain operation after the impact of a potential event.

All LMA model documents 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 documents as they see fit; the LMA does not protect its intellectual property rights over model documents. It is for underwriters to decide whether or not any contractual language is acceptable on any given risk. These documents are available on the Lloyd’s Wordings Repository  (LWR).

Dele Fajimolu
Senior Executive, Technical Underwriting
dele.fajimolu@lmalloyds.com