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Old 29-12-2015, 07:50   #16
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Re: Salvage Law?

Thanks to all who replied. I have read through all the links and it has relieved my fears of unjust rewards.

True salvors deserve just rewards.
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Old 29-12-2015, 09:30   #17
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Re: Salvage Law?

Quote:
Originally Posted by MarkJ View Post
Finders Keepers, Losers Weepers.

I am a cruiser and if someone else needs help I give it freely to the fullest extent safety allows. But, by jingo, by crikey, I have heard stories that show not all cruisers and people of the sea can be regarded above gutter scum.

When a cruiser loses his boat it can be that persons total assets. Even a dinghy gone adrift can destroy some budget cruisers dream.

The cost of Admiralty Court would be more than the value of my boat.
Mark,

Keep in mind that the way it works most of the time is that the insurance company places a bond with the salvagor for the release of the vessel. So the owner gets his boat back pretty quickly, then the insurance company and the salvagor hammer out the final payment months or years later. Salvagor do not want to maintain posession of the vessel because they become liable for damages and upkeep while it is in their care.
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Old 29-12-2015, 10:39   #18
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Re: Salvage Law?

There is a very interesting book on the subject of the value of a salvage and the resulting award. Its title is "In Peril". It is based on a legal case involving a barge that broke loose from a tug in a storm off FL. The barge was salvaged by a merchant vessel in an amazing act of seamanship. It a really good read and very informative.
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Old 29-12-2015, 12:06   #19
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Re: Salvage Law?

Thanks, I'll check it out.


Sent from my iPhone using Cruisers Sailing Forum
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Old 30-12-2015, 07:40   #20
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Re: Salvage Law?

Quote:
Originally Posted by goodnumbers64 View Post
There is a very interesting book on the subject of the value of a salvage and the resulting award. Its title is "In Peril". It is based on a legal case involving a barge that broke loose from a tug in a storm off FL. The barge was salvaged by a merchant vessel in an amazing act of seamanship. It a really good read and very informative.
SWEEEEET!!!
http://www.amazon.com/Peril-Decision...words=In+Peril

Kindle unlimited = $0

My next read... TY!
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