The Wreck and Salvage Act

The Wreck and Salvage Act governs the rights and responsibilities related to ships, cargo, and other property that have been lost at sea or damaged. It outlines how salvors (those who help recover the property) can claim compensation for their efforts. The act emphasizes the importance of saving lives and property while balancing the interests of shipowners and salvors. Essentially, it ensures fair treatment for those who engage in salvaging, rewarding them for their work to recover valuable items, while also protecting the rights of the original owners.