The "Salvage" doctrine

The "Salvage" doctrine refers to laws that incentivize rescuing property or vessels in danger at sea. If someone successfully saves or recovers a ship or its cargo from peril, they are typically entitled to a reward, known as salvage compensation. The amount awarded depends on the value of the property saved, the degree of risk involved, and the effort expended. This doctrine encourages people to aid vessels and cargo in distress, promoting safety and assistance at sea by recognizing the significant risks and efforts involved in salvage operations.