Marine Salvagers and Wreck Removal

Wreck removals usually require the mobilisation of some of the heaviest units in the world salvage fleet, including floating sheerlegs and cranes, pullbarges.

Salvage & Wreck brings together the salvage and wreck removal industry for deep learning, collaboration and networking.

What is the salvage procedure of a vessel?

The salvage of a capsized vessel may involve righting on site, or towing to a more sheltered area before righting; possibly including refloating, either before or after righting. It is not unusual for a ship to capsize as it sinks, as refloating becomes more difficult.

What is wreck removal in shipping?

The majority of coastal states require a wrecked vessel to be removed and for the shipowner and his liability insurers to pay for the removal. This is certainly the case if the vessel poses a threat to the environment or is a hazard to navigation.

What are the four essential ingredients of a salvage claim?

A successful salvage claim usually requires four elements: a marine peril must have existed; the salvor's assistance must have been necessary to avoiding the peril to the ship or other property rescued; the salvor's assistance must have been voluntary; and the salvor's actions must have been successful in saving.

What is a maritime salvage claim?

The law of salvage is a principle of maritime law whereby any person who helps recover another person's ship or cargo in peril at sea is entitled to a reward commensurate with the value of the property saved.

What are the two types of salvage?

The two (2) types of salvage facing yacht owners and their underwriters. The first is “pure salvage” which arises where there is no preexisting agreement between the parties. The second is “contract salvage” where the salvor enters into an agreement to use “best endeavors” save maritime property.

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