How does the Salvage Convention of 1989 affect maritime law?

The Salvage Convention of 1989 is a United Nations agreement that affects how maritime law works in California. This convention sets out rules for the reward of a salvaged vessel, cargo, freight, and other property that is found in the water. The Salvage Convention of 1989 outlines the general rules of salvage, which are applicable to all vessels. It establishes the basis for how the salvor or person who finds and salvages the wreck can claim a reward. This reward generally consists of both a salvage award and a special compensation if any salvage operations have been successful. This convention also establishes a process for assessing the value of the salvaged property. This includes recommendations on the amount of the salvage award to be given, taking into account the value of the property, the degree of success of the salvage operation and the degree of risk assumed by the salvor to recover the property. The Salvage Convention of 1989 also sets out a number of rights and duties for all of the parties involved in a salvage operation, such as the duty of the salvor to tow or assist the vessel, cargo, or property to a safe place and the duty of the salvor to provide all necessary assistance to the salvor. The Salvage Convention of 1989 is a fundamental part of maritime law in California and provides a framework for salvagers and vessels to be rewarded for their hard work. This convention is an important part of maritime law that helps to ensure that all maritime operations are conducted fairly and equitably.

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How does the Salvage Convention of 1989 affect maritime law?

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