Manual The Lutine bell

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If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website Cookie Policy. However, if you would like to, you can change your cookie settings at any time. Yachtsure, a Lloyd's yacht underwriter, sponsored the event, and competed in its own vessel, Quick Hook.

Owners: What's your side of the story?

A number of other Lloyd's underwriters took part, including a team from St Paul. On the evening of 9 October, during a heavy north-westerly gale, the Lutine was dragged by the tide onto notoriously dangerous sandbanks off the Dutch coast, where she was wrecked in the breakers, and all but one of her passengers and crew were lost. It was found tangled in the chains which had run from the ship's wheel to the rudder, and was originally left in this state before being separated and re-hung from the rostrum of the Lloyd's underwriting room.

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The bell was originally sounded to ensure that all brokers and underwriters were made aware of the news simultaneously. The famous tradition began: when a ship was overdue or lost, it was struck once.

When a ship believed lost was found to be safe, it was struck twice. It is of course now ceremonial ; it was last rung for an overdue ship in and for a safe arrival in , but it continues to be an important symbol.

Lutine Bell rings in Lloyd's of London Insurance Market

In the Space Shuttle tried to deploy two communications satellites, Westar and Indonesia's Palapa. This failed and the satellites were lost. On learning of the safe recapture and deployment of the satellites, Lloyd's rang the Lutine Bell. Yesterday, September 13, , it was rung once before an assembly of Lloyd's members.