LOF 2000 Definition: A Lloyd's standard form of salvage contract. A standard form salvage contract issued by Lloyd's as a single sheet, double-sided ready-to-use document. L.O.F. is short for Lloyd's Open Form and 2000 is simply the year of issue. The form is aptly entitled Lloyd's Standard Form of Salvage Agreement - No Cure, No Pay. REFERENCES: Duhaime, Lloyd, Maritime Law Dictionary Lloyd's of London website Categories & Topics: Maritime & Waterways Law Dictionary Find you are constantly looking up definitions? Try our search provider (works in most modern browsers) If you find an error or omission in Duhaime's Legal Dictionary, or if you have legal term suggestion, we'd love to hear from you!