Lloyd's Market Association Bulletin

LMA23-028-AR | 05 October 2023

Sanctions Clauses

The LMA has been working with interested parties and has released two new clauses, LMA3100A and LMA3200. The clauses are available for immediate use as appropriate.

A guidance note is also available for reference.

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).

Arabella Ramage
Legal Director