Legal and Salvage

Question 1

What does sine spe recuperandi mean? What does it apply to?

Answer 1

It is a Latin phrase meaning “without hope of recovery,” and is applicable to any form of derelict

Question 2

What is flotsam? Examples?

Answer 2

Flotsam is: defined as “goods from a vessel floating on the surface having been lost overboard as a result of wreck or accident.”

Mooring line or container(s) lost overboard during heavy weather

Question 3

What is jetsam?

Answer 3

Goods from a vessel found floating on the surface after intentional casting overboard (jettisoning), usually to protect the safety of the ship

Question 4

What is lagan?

Answer 4

Objects or goods cast overboard, attached to a floating marker to facilitate recovery and establish a right of claim

Question 5

What is salvage?

Answer 5

A voluntary action rendered to rescue maritime property in peril.

Question 6

Difference between towage and salvage?

Answer 6

Towage is offered under “routine” scenarios, whereas salvage is applicable to scenarios with an implied danger, hazard or peril