i-law

Shipping Law


Page 290

CHAPTER 15

Salvage

Salvage


Page 291

Salvage is a concept unique to maritime law. If a person voluntarily saves the property of another on land, English law entitles them to no reward for their efforts. However, if the same service is performed at sea, the person saving the property, ‘the salvor’, will be entitled to a reward, not exceeding the value of the property saved. The public policy reason behind this difference between salvage services on land and at sea lies in the need to provide financial encouragement to vessels to assist other vessels in distress.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.