What is the scope of Admiralty Law with regard to salvage and wreck removal?

Admiralty Law in Florida governs the removal of wrecks and salvaging of ships and their cargo, vessels and other marine property that are damaged, lost or stranded. This law provides guidelines for the removal and recovery of any maritime property from the scene of the incident and the subsequent delivery of such property to a place of safety. It also sets out rules concerning the payment of rewards to any party who helps with the rescue and recovery of the damaged property, and outlines the ways in which the rewards may be paid. Admiralty Law permits a person who has salvaged or aided in salvaging a vessel or its cargo and/or cargo to be paid a fair and reasonable reward for such service. The reward, if granted, is usually a dollar amount that is determined by the court. It is based upon both the degree of difficulty of the salvage and the property saved. In some cases, salvage may be conducted without any reward being paid, if the Admiralty Law deems this appropriate. The Salvage Statute requires that all persons involved in the salvaging of the vessel and its cargo be compensated in a fair and equitable manner. The scope of Admiralty Law also includes provisions regarding wreck removal. Depending on the type of property involved, different law may apply. For instance, there are federal laws that apply to the removal of wrecks that are abandoned or that pose a hazard to navigation. If a wreck is not abandoned and does not pose a hazard to navigation, then state law, such as the Salvage Statute, governs the removal of the wreck. The Salvage Statute provides guidelines for the payment of rewards for the removal of wrecks from the navigable waters of the State of Florida.

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What is the scope of Admiralty Law with regard to salvage and wreck removal?

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