The law of salvage – main principles and further development in modern shipping
DOI:
https://doi.org/10.29114/ajtuv.vol9.iss2.354Keywords:
International Convention on Salvage, Lloyd’s Open Form, Law of Salvage, SCOPIC clauseAbstract
The peril at sea is the ultimate danger for any maritime endeavour. It has been addressed since ancient times and is one of the most humane acts at sea. However, it is often costly, time consuming and puts at risk the salvors, as well. Thus, a proper reward for salvage has been seen as a norm since antiquity. The current article aims to outline the main points of modern law and principles, guiding salvage operations, challenges and possible further development.
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Copyright (c) 2025 Iglika Ivanova-Slavova, Nikolay Ivanov
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