Liability Risk and Insurance
Ehime Maru salvage costs
The recently-completed cost of salvaging Japanese fishing vessel
Ehime Maru
, sunk after collision by the submarine
USS Greenville
, could well equal that of recovery of the Russian submarine
Kursk.
The US is to pay US$60mn for the raising by salvor Smit Tak International, which is also due to receive US$65mn from the Russian
government for the raising of the
Kursk.