How does the Salvage Convention of 1989 affect maritime law?

The Salvage Convention of 1989 was created with the purpose of outlining the rights and obligations of salvors – individuals who undertake the rescue of ships and cargoes from danger at sea – and the salvaged property owners. This Convention is implemented in Florida maritime law and is important to establishing the responsibilities of both the salvors and those who benefit from the salvors’ services. Through the Salvage Convention of 1989, a salvaged property owner has the right to be indemnified for any damages which occur during the salvage process. This is in addition to any damages that may have happened to the property prior to salvage. In order for a salvaged property owner to receive compensation, they must first demonstrate that they have been responsible with the safety and maintenance of their vessel. The Salvage Convention of 1989 also allows salvors to ask for a just reward for their services, as determined by the court. In addition, the Salvage Convention of 1989 outlines instances in which the salvors and the salvaged property owners may choose to terminate the salvage process. Under this Convention, a salvaged property owner is able to terminate the process before substantial salvage work has been completed, but they must still pay the salvors a just reward for the work already performed. The Convention also requires that the salvors and the salvaged property owners take all reasonable steps to minimize damages to any property or persons during the salvage process. Overall, the Salvage Convention of 1989 is an important aspect of Florida maritime law which helps to outline the roles and responsibilities of salvors and salvaged property owners. This convention ensures that both parties are compensated properly and that any risks associated with the salvage process are minimized.

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How does the Salvage Convention of 1989 affect maritime law?

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