
The Salvage Code
The Salvage Code refers to a set of legal principles governing the rights and responsibilities regarding the salvage of ships and cargo that are stranded, sunk, or in distress. It provides guidance on how salvors—those who help recover valuable property at sea—can claim compensation for their efforts. The code emphasizes fairness, requiring salvors to demonstrate their work was voluntary, successful, and in the interest of the owner, while balancing the interests of all parties involved to ensure that salvors are rewarded appropriately without exploiting the situation.