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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.
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]
Boat owners can clarify with an assisting vessel if the operation is to be considered salvage, or simply assistance towing. If this is not done, the boat owner may find that the rescuer may be eligible for a substantial salvage award if the salvor can show sufficient evidence that the vessel was in peril at the time, and a lien may be placed on ...
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A 26-acre island off the southern coast of Florida, known as Pumpkin Key, is back on the market for a discounted price of $75 million. It failed to sell when it was listed for $95 million in 2020.
The salvaged cargo and the ship, if it could be saved, were taken to Key West where they were appraised or auctioned. The wrecking vessels and crews that participated in the operations would then be awarded a share of the salvage value. Half of the salvage award went to the owners of the wrecking vessels, divided among the boats on a tonnage basis.