Salvage Flashcards

1
Q

Can there be a reward even if the salvage was unsuccessful?

A

Yes, if the scopic clause was involved and an environmental impact was limited or prevented, the salvor would still be entitled to payment

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2
Q

What is Lloyd’s open form?

A

A quick form for salvage when no time exits to draw up a contract

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3
Q

When would you accept salvage?

A

If the property is in danger

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4
Q

What is salvage?

A

A service rendered by a person who saves or helps to save maritime property in danger.

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