International Salvage Convention

The International Salvage Convention is a treaty that sets out rules for salvaging ships and their cargo in distress. It emphasizes cooperation between salvors—those who perform salvage operations—and shipowners, ensuring that salvors are rewarded fairly for their efforts in rescuing vessels and preventing pollution. The convention encourages responsible salvage operations, prioritizing safety and environmental protection while providing a legal framework for compensation based on the value of the property saved. By standardizing these practices internationally, it aims to balance the interests of all parties involved in maritime salvage.