law of maritime salvage

The law of maritime salvage governs the rights and obligations of individuals who help recover a ship, its cargo, or a person at sea after an accident or distress situation. If someone saves or helps recover vessels or goods, they are entitled to a reward or payment for their efforts. This compensation is usually based on the value of the property salvaged. The law encourages prompt assistance to those in peril at sea, ensuring that salvors are fairly rewarded while promoting safety and rescue operations on the water.