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 that was designed to cover the scope of maritime salvage operations worldwide. This protocol outlines the rights and obligations of those involved in maritime salvage operations, including the salvor, the vessel owner, and the insurer. The main purpose of this protocol is to protect the salvor for their services by providing a uniform set of international standards under which their efforts can be compensated. The protocol outlines the responsibilities of the salvage operation, such as the measures to be taken and the standards of skill and care expected of the salvor. It also sets out the rules for determining the amount, if any, of compensation owed to the salvor for their services. The protocol also outlines the duties of the vessel owner and insurer, such as responsibility for the costs of the salvage operation, and any potential liability that may result from a failed salvage operation. In Virginia, the Protocol of 2005 to the International Convention on Salvage is enforced both nationally and internationally. In the United States, the Federal Maritime Commission is responsible for overseeing and enforcing the terms of the protocol. As such, all vessels operating on the seas of Virginia and beyond are expected to uphold the regulations set forth in the protocol. By doing so, the Protocol of 2005 to the International Convention on Salvage helps to ensure that both individuals and businesses involved in maritime salvage operations are able to engage safely and be compensated accordingly for their efforts.

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

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