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Merritt-Chapman & Scott, nicknamed "The Black Horse of the Sea", was a noted marine salvage and construction firm of the United States, with worldwide operations. The chief predecessor company was founded in the 1860s by Israel Merritt, but a large number of other firms were merged in over the course of the company's history.
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 ...
A yacht broker is a specialist who serves yacht or boat sellers and/or buyers as a representative for the sale or purchase of a yacht or boat. The yacht broker is paid an agreed commission by the seller to market the yacht for sale, field interest and inquiries from buyers, handle negotiations, attend inspection and water trial and ultimately, if successful, to attend delivery.
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.
These boats can be a bargain — but they can also be a nightmare. After Hurricane Ian, some Floridians may be in the market to buy a used fixer-upper boat. These boats can be a bargain — but ...
[15] [16] It also performed the salvage of the sunk cargo ship MOL Comfort. [17] On 15 September 2008, Boskalis made a €1.11 billion takeover offer for Smit. [18] Despite the offer being rejected by Smit's board, Boskalis subsequently built a stake of over 25% in Smit and expressed a continuing desire to buy a number of its business units.
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Yacht and small craft (Y&SC) surveyors specialize in inspecting smaller vessels, typically less than 24 meters, that are most often used for pleasure boating (both power and sail). Y&SC surveyors may be employed directly by larger marine insurance companies, but most often they are independent practitioners engaged directly by the boating public.