Marine Salvage Law

Marine Salvage Law governs the rights and responsibilities involved when a vessel or cargo is in distress at sea, and another party helps to rescue it. Salvors, those who assist in recovery, can claim compensation based on the value of what they save. This system encourages maritime safety and prompt response during emergencies. Key principles include the concept of "no cure, no pay," meaning salvors are only paid if their efforts are successful. The law also addresses issues like environmental protection and the importance of preserving property while balancing the interests of shipowners and salvors.