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A currency refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. [ 1 ] [ 2 ] A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation.
Flotsam on a beach at Terschelling, Wadden Sea. In maritime law, flotsam, jetsam, lagan, and derelict are terms for various types of property lost or abandoned at sea. The words have specific nautical meanings, with legal consequences in the law of admiralty and marine salvage. [1]
A scrapyard is a recycling center that buys and sells scrap metal. Scrapyards are effectively a scrap metal brokerage. [1] They typically buy any base metal. For example, iron, steel, stainless steel, brass, copper, aluminum, zinc, nickel, and lead would all be found at a modern-day scrapyard.
The law of salvage is a principle of maritime law whereby any person who helps recover another person's ship or cargo in peril at sea is entitled to a reward commensurate with the value of the property saved.
Tommy Gregory Thompson is an American treasure hunter known for his leading role in the discovery of the wreck of the SS Central America on September 11, 1988. [4] He is also the author of a book about the discovery, America's Lost Treasure, published in 1998, [5] and is a main character in the best-selling 1998 non-fiction book Ship of Gold in the Deep Blue Sea by Gary Kinder.
Emergency wreck buoy, a navigation mark warning of a new wreck.; Rambling Wreck, a car that leads the Georgia Tech football team onto the field prior to every game in Bobby Dodd Stadium
USS Regulus hard aground in 1971 due to a typhoon: after three weeks of effort, Naval salvors deemed it unsalvageable.. Marine salvage takes many forms, and may involve anything from refloating a ship that has gone aground or sunk as well as necessary work to prevent loss of the vessel, such as pumping water out of a ship—thereby keeping the ship afloat—extinguishing fires on board, to ...
The Columbus-America Discovery Group's eventual discovery of the wreckage may have been spurred on by initial interest by Harry John, an heir to the Miller Brewing Company fortune who, near the end of his life launched unsuccessful, haphazard treasure hunts funded by a supposedly charitable foundation he had run for decades.