Ship Salvage Law

Ship salvage law refers to the legal principles governing the recovery of ships and cargo that are in distress or have sunk. When someone helps save a ship, they can claim a reward for their efforts, known as a salvage award. This reward is generally based on the value of the ship and cargo saved. Salvors must act without causing unnecessary damage and typically have a right to be reimbursed for their expenses. The law is designed to encourage people to assist vessels in trouble while balancing the interests of shipowners and salvors.