What is the scope of the International Convention on Salvage 1989?

The International Convention on Salvage 1989 (the Convention) sets forth rules and regulations concerning the requirements of salvage operations, who is entitled to salvage rewards, and the processes for settling salvage disputes. The Convention applies to all vessels navigating the seas, regardless of their flag, and applies to all maritime operations regardless of the risk involved. The purpose of the Convention is to provide an incentive for people engaged in maritime operations to rescue vessels and property at sea. The Convention specifies that a salvor must be able to show a reasonable effort to reduce the risk posed by a maritime incident or at least to reduce the effects of the incident on the environment. In exchange, the salvors are entitled to a reward for their efforts. The Convention outlines the circumstances under which a salvor is entitled to a reward, and the amount of the reward. It also stipulates that the reward should be proportional to the degree and kind of service rendered. Furthermore, the agreement defines the procedures for settling disputes over the salvor’s award, and also sets out a system of arbitration for disputes between salvors and ship owners. In summary, the International Convention on Salvage 1989 provides a framework for salvors to receive fair compensation for their efforts in rescuing vessels and property at sea. It also establishes legal procedures for disputes between salvors and ship owners, and serves to protect the environment from risks posed by maritime accidents.

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What is the scope of the International Convention on Salvage 1989?

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