Marine Salvage Laws

Marine salvage laws govern the rights and responsibilities of individuals or companies that help recover ships, cargo, or property from peril at sea. When a ship is in distress—like running aground or sinking—salvors (the rescuers) can legally claim a reward for their efforts. This reward is typically a percentage of the value of the salvaged goods or ship. The laws encourage timely assistance to protect lives and property at sea while outlining how salvors can be compensated for their risks and expenses. These principles aim to balance interests of shipowners, salvors, and the maritime community.