the Apportionment of Salvage Award

Apportionment of a salvage award refers to the process of fairly dividing a financial reward given to salvors who successfully recover property from peril, such as a sunken ship. The award compensates salvors for their efforts, expenses, and risks taken during the salvage operation. The amount is typically based on the value of the recovered property and the level of risk assumed by the salvors. When multiple parties contribute to the salvage, the award is distributed among them according to their specific contributions, ensuring that each party receives a fair share based on their involvement and performance in the salvage operation.