What is the law of marine salvage?

Maritime law, which is applicable in West Virginia, governs the law of marine salvage. In the context of maritime law, marine salvage is the process of saving a ship, its cargo, and crew in the event of an accident or other maritime peril. The law of marine salvage provides rewards for those who perform successful salvage operations. In general, when successful marine salvage is carried out, the individuals or entities that performed the salvage are entitled to financial compensation for their efforts. The amount of the reward, known as a “salvage award,” is based on the value of the salvaged vessel, its cargo, and the effort that was required to pull off the salvage. In addition to the salvage award, the salvor may be entitled to a “special compensation” in the event that the salvor took on the salvage operation at the request of a vessel’s master or owner. The law of marine salvage is an important part of maritime law, as it provides a financial incentive for those willing to risk their life and property to save the lives, vessels, and cargoes of others in peril on the seas. Furthermore, the law of marine salvage also serves to protect the interests of ship owners and the public by preventing negligence and encouraging safety on the seas.

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What is the law of marine salvage?

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