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  2. International Convention on Salvage - Wikipedia

    en.wikipedia.org/wiki/International_Convention...

    The International Convention on Salvage [1] [2] is a treaty that was concluded in London on 28 April 1989 that replaced the Brussels Convention on Assistance and Salvage at Sea as the principal multilateral document governing marine salvage. The Convention's main innovation is that the scope of salvage law has been extended to cover ...

  3. Law of salvage - Wikipedia

    en.wikipedia.org/wiki/Law_of_salvage

    The scope of salvage has been expanded by the 1989 Salvage Convention, and protection of the environment is part of salvage. Oil pollution can cause damage to the environment. If the salvor prevents oil pollution from happening, he indeed performs a valuable service to the community as mentioned by (1997) 1 Lloyd's Rep 323 (HL), pp. 326–328.

  4. Lloyd's Open Form - Wikipedia

    en.wikipedia.org/wiki/Lloyd's_Open_Form

    The Lloyd's Open Form, formally "Lloyd's Standard Form of Salvage Agreement", and commonly referred to as the LOF, is a standard form contract for a proposed marine salvage operation. Originating in the late 19th century, the form is published by Lloyd's of London and is the most commonly used form for international salvage.

  5. Brussels Convention on Assistance and Salvage at Sea

    en.wikipedia.org/wiki/Brussels_Convention_on...

    The Brussels Convention forms the basis of current international marine salvage law. [1] The Convention was amended by a Protocol issued in Brussels on 27 May 1967. [3] However, the Brussels Convention has been overridden in some countries by the 1989 International Convention on Salvage, which took effect in 1996. Some states that have ratified ...

  6. Flotsam, jetsam, lagan and derelict - Wikipedia

    en.wikipedia.org/wiki/Flotsam,_jetsam,_lagan_and...

    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]

  7. Marine salvage - Wikipedia

    en.wikipedia.org/wiki/Marine_salvage

    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 ...

  8. Marine insurance - Wikipedia

    en.wikipedia.org/wiki/Marine_insurance

    The amount the salvor receives is limited to cover the costs of the salvage attempt and 25% above it. One of the main negative factors in invoking SCOPIC (on the salvor's behalf) is if the salvage attempt is successful the amount at which the salvor can claim under article 13 of LOF is discounted.

  9. Nairobi International Convention on the Removal of Wrecks

    en.wikipedia.org/wiki/Nairobi_International...

    The Nairobi International Convention on the Removal of Wrecks is a 2007 treaty of the International Maritime Organization (IMO).. The purpose of the convention is to establish uniform rules for the prompt and effective removal of shipwrecks located in the exclusive economic zone (EEZ) of a state that may be hazardous to navigation or to the environment.