What is the scope of the Protocol of 2005 to the International Convention on Salvage?

The Protocol of 2005 to the International Convention on Salvage is an international agreement between multiple signatories, including the United States, that governs disputes related to maritime salvage. Salvage is defined as the rescue of a ship, cargo, and/or persons in peril on the sea. The scope of the Protocol of 2005 is to provide a legal and equitable framework for resolution of salvage disputes and to expand the ability of salvors to protect the environment when potentially hazardous situations are present. It also establishes a process for salvage claims to be presented and heard, and it sets monetary limits for the payment of salvors in certain circumstances, as well as for the recovery of costs and expenses. The Protocol of 2005 also enables salvors to receive environmental compensation from polluters in certain cases. The Protocol of 2005 has been incorporated into Louisiana maritime law, so it applies to disputes involving ship owners, salvors, and other parties in the state as well. This means that any parties involved in a salvage dispute in Louisiana would need to follow the terms of the Protocol of 2005 in order to legally settle the dispute. In summary, the Protocol of 2005 to the International Convention on Salvage is an international agreement that establishes a legal and equitable framework for resolution of salvage disputes in Louisiana and other signatory countries. It also enables salvors to receive monetary compensation and environmental compensation in certain circumstances.

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What is the scope of the Protocol of 2005 to the International Convention on Salvage?

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