Marine Salvage Rights

Marine salvage rights refer to the legal principles governing the recovery of vessels and cargo that are in peril at sea. When someone saves a ship or its cargo from danger, they may be entitled to a reward, typically a percentage of the value salvaged. This incentivizes individuals or companies to assist distressed vessels. Salvage rights emphasize the importance of providing help in maritime emergencies, ensuring that those who assist in rescue efforts are compensated fairly for their services and expenses incurred during the salvage operation.