Law of Salvage

The Law of Salvage is a legal principle that rewards people who voluntarily assist or save a vessel or property at sea from danger or damage. If someone helps a ship or its cargo and successfully preserves it, they are entitled to a reward or compensation, proportionate to the value of the property saved. This law encourages maritime aid and risk-taking in rescue efforts, ensuring salvors are fairly compensated for their efforts without undermining the property owner’s rights. It balances incentivizing rescue with protecting the interests of those owning the vessel or cargo.