Wrecks Convention (2001)

The Wrecks Convention (2001) is an international treaty that simplifies and clarifies how ship owners and nations handle the liability and compensation for damages caused by wrecks, such as ships that run aground or sink. It encourages responsible salvage and removal of wrecks to prevent environmental harm, property damage, or danger to navigation. The Convention establishes clear rules on notifying authorities, liability limits, and compensation procedures, promoting safety, environmental protection, and legal certainty across different countries involved in maritime incidents.