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

Admiralty Law is a body of law that governs the rights and responsibilities of individuals and vessels when it comes to transportation at sea, maritime commerce, and other related activities. In Oklahoma, Admiralty Law covers both state and federal court decisions. With regard to salvage and wreck removal, Admiralty Law outlines the processes and procedures that must be followed when salvaging or removing a vessel or other property that is in danger of sinking or has already sunk in navigable waters. Salvage is the process of saving a vessel or property from the risks of the sea, and wreck removal is the process of removing the vessel or property from the sea. In either case, the aim is to restore the vessel or property to the state it was in prior to its peril. Admiralty Law enables individuals or entities that act as salvors or wreck-removal operators to obtain legal compensation for their work. The law also outlines the processes and procedures that must be followed for the vessel’s owner to pay the salvors or wreck-removal operators the compensation they are owed. Admiralty Law also governs the rights and responsibilities of the property owners. Property owners are required to pay a reasonable compensation for the salvors’ or wreck-removal operators’ services. Admiralty Law allows the salvors or wreck removal operators to seek legal redress in the event that the property owners fail to pay the compensation they are owed. Overall, Admiralty Law governs the salvage and wreck removal process in Oklahoma and outlines the obligations of vessel owners, salvors, and wreck removal operators. The law ensures that the process is conducted in a legal and fair manner.

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

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