What is the Admiralty Law relating to marine salvage?

Admiralty law, also known as maritime law, is a body of law governing sea vessels, navigation, and marine salvage. In South Carolina, admiralty law regulates the process of recovering lost or damaged maritime property, such as ships, cargo, or oil tankers. The law establishes the rights of all persons and organizations involved in the process and defines their legal duties and responsibilities. Marine salvage is the act of reclaiming a vessel, its cargo, or other property from loss at sea. The admiralty law of South Carolina gives the salvors (persons or organizations who recover the lost items) a certain percentage of the value of the property recovered. This percentage depends on the degree to which their efforts saved the property. The admiralty law of South Carolina also provides that the salvors have a lien on the property they have salvaged, allowing them to lay a claim on it until their expenses are paid. This means that they cannot be forced to relinquish the property until their costs are fully reimbursed. Finally, admiralty law in South Carolina establishes rules for determining the liability for a vessel’s loss. Depending on the circumstances, the court may hold one or more of the parties liable for the damage sustained. The law also defines the division of the costs and liabilities between the government and the vessel’s owner as well as the rights of the salvors when the government fails to pay their expenses.

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What is the Admiralty Law relating to marine salvage?

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