The Rules of Salvage

[psldivebum]

Just what are the rules ? Who owns what and how do you go about placing claim.
Always wondered.

 

[ciera kid]

Well far as I'm concerened, if it isn't in a protected sanctuary or nailded down..............................it's mine

 

[DennisS]

Here's a place to start http://en.wikipedia.org/wiki/Admiralty_law
I don't know what you're salvaging but if it has oil or gas and you release them, big trouble. Has the original owner abandoned it, are their liens, was the vessel under arrest? Some states have claimed older wrecks as their property.

 

[DeputyDan]

Well far as I'm concerened, if it isn't in a protected sanctuary or nailded down..............................it's mine

Don't think you can log on to ScubaBoard from Federal Prison

 

[psldivebum]

Not salvaging just interested.

 

[pir8]

Waatch out for them INSURANCE Companies!!!

 

[LVX]

It will depend on what state or federal laws are observed in the area where you plan to salvage materials. Each state has different laws regarding rights to these materials if found in their waters. In Texas where I live, if the ship is older than 50 years, it is considered historic and belongs to the state. Other states like Florida, will work with the salvors and it would probably be split. There are also federal guildelines like the Abandoned Shipwreck Act. Other countries have their own guidelines. Bottom line, find out what laws are in affect in the area in question before you salvage anything.

L

 

[SnakeRiverPirate]

So much for finders keepers.

IMHO, it would seem to encourage dishonesty and not reporting the discovery of wrecks.

 

[Hank49]

What about international waters?

 

[pir8]

Maritime Law watch out for the insurance companies.