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[c] While passing ships were obliged to offer reasonable assistance to save life, they were reluctant to offer salvage services on a seeming reckless adventure to save a low value hulk where third party liability risks might be enormous. Instead, salvors preferred to work where there were richer pickings and fewer dangers.
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Lloyd's Register Group Limited, trading as Lloyd's Register (LR), is a technical and professional services organisation and a maritime classification society, wholly owned by the Lloyd’s Register Foundation, a UK charity dedicated to research and education in science and engineering.
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The earliest form of Lloyd's List was estimated by some to have begun by 1692. One historian, Michael Palmer, wrote that: "No later than January 1692, Lloyd began publishing a weekly newsletter, ‘Ships Arrived at and Departed from several Ports of England, as I have Account of them in London...
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The International Regulations for Preventing Collisions at Sea 1972, also known as Collision Regulations (COLREGs), are published by the International Maritime Organization (IMO) and set out, among other things, the "rules of the road" or navigation rules to be followed by ships and other vessels at sea to prevent collisions between two or more vessels.
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