The Convention on Salvage, 1989

The Convention on Salvage, 1989, is an international agreement that governs the salvage of ships and their cargo when they are endangered at sea. It establishes the rights and obligations of salvors (those who rescue vessels or cargo) and shipowners. The convention encourages salvors to act promptly and safely to protect the environment and property, while guaranteeing them a reward for their efforts. It also promotes responsibility by making it clear that ships must be insured against salvage claims, thus providing a framework for resolving disputes and compensating salvors fairly for their work in challenging situations.