MODERN SALVAGE OPERATION AND THE LOF
MODERN SALVAGE LAW:- Salvage is the services rendered by a person who saves or helps to save a maritime property in danger. A salvage operation will be a salvage operation if and only if 1) The salvage service must be voluntary 2) The salvage service must be rendered to recognized subject of salvage 3) The subject of salvage must be in danger 4) The salvage service must be successful. Modern salvage law is based on INTERNATIONAL CONVENTION ON SALVAGE 1989, which replaced the 1910 convention which incorporated the ‘no cure – no pay’ principle. This means the salver was only awarded for his services when the operation was successful. Although this basic philosophy worked in most cases, it did not take pollution into account. A salver who prevented a major pollution incident ( by towing a damaged tanker away from a environmentally sensitive area) but did not managed to save the ship or cargo got nothing. The 1989 convention seeks to remedy this deficiency by...