International Convention on Salvage
The International Convention on Salvage, adopted in 1989, is a treaty that sets rules for how salvors—those who help recover ships or cargo in distress—are compensated for their efforts. It establishes that salvors may receive payment based on the value of the property saved, encouraging them to act quickly and efficiently in emergencies. The convention also emphasizes the importance of environmental protection during salvage operations, ensuring that attempts to recover vessels do not harm marine ecosystems. By creating clear guidelines, it promotes cooperation and fair remuneration within the maritime industry.
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The International Convention on Salvage (1989) is a treaty that sets rules for salvage operations at sea. Salvage refers to the act of rescuing a ship, its cargo, or property in danger. This convention outlines the rights and responsibilities of salvors (those performing the rescue) and shipowners, ensuring fair compensation for salvors based on the value of what they save. It also promotes safety and environmental protection by encouraging timely assistance to vessels in distress. Overall, the convention seeks to balance incentives for salvage operations while fostering maritime safety and environmental responsibility.