What is the Admiralty Law of salvage?

Admiralty Law, also known as maritime law, is an area of law that governs maritime commerce and navigation. In Delaware, Admiralty Law includes salvage, which is the recovery of a ship or its cargo from a watery grave. Salvage can occur when a vessel is in distress or has run aground, and can involve anything from towing the vessel to a safer location to actual salvage of the goods, cargo, or vessel itself. Salvors may be entitled to a reward for their services depending on the risk assumed and resources required. Generally, these rewards can take the form of a portion of the salvaged goods, a fee, or even a percentage of the ship or cargo’s value. While Delaware does not have a specific salvage law, the Admiralty Law covers the concept of salvage. As such, salvage is governed by Admiralty Law in Delaware. The person or persons responsible for the salvage are referred to as salvor or salvors. In order to be eligible for a reward, the salvors must prove that they acted with reasonable care and diligence and that their efforts were successful in saving the vessel and/or cargo. Additionally, a salvor must also be the first to discover and seize the vessel or cargo in order to be entitled to a reward. If a dispute arises, a court of Admiralty Law, such as the U.S. District Court of Delaware, will determine the amount of reward due.

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What is the Admiralty Law of salvage?

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