Abstract:The International Maritime Convention on the Law of the Sea is an important legal framework governing salvage operation at sea worldwide. The Convention establishes the rights and obligations of salvors, shipowners and other parties involved in a salvage operation and provides a clear and predictable regime for compensating salvors for their services in assisting a ship or any other property in danger on navigable waters or other waters. The Convention also establishes principles for assessing remuneration for… Show more
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