Marine Salvage Act

The Marine Salvage Act is a law that governs the recovery of ships and cargo lost at sea. It allows for individuals or companies, known as salvors, to retrieve these assets and receive payment for their efforts. The Act encourages quick action to minimize damage and recover valuable resources. Salvors can earn a reward based on the value of what they save, incentivizing them to help in emergencies. This law underscores the importance of protecting marine property and promotes cooperation in maritime rescue operations, ensuring that maritime activities remain safe and efficient.