This is enforced to prevent salvors from partially recovering the wreck and then claiming the entirety of the reward. The definition of reasonable success is often agreed upon by the contract parties. Any salvage below this standard does not have to be paid for by the shipowner. As the majority of such installations are private, the operating companies usually employ contractual salvors to salvage the structure in case of any damage. Salvage concepts and salvage legislation have evolved over many years. The salvor’s claim to a reward is based on natural equity, which allows the salvor to share in the benefit conferred on the shipowner, the ship, and the cargo - marine salvage . Marine salvage – it’s a topic that probably evokes many thoughts of rescuing long-lost shipwrecks from the bottom of the ocean, but in reality, it’s often somewhat more banal. Despite this, it’s an incredibly important service, which allows vessel and cargo owners from around the world to be reunite...
