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
2
Q
What is Lloyd’s open form?
A
A quick form for salvage when no time exits to draw up a contract
3
Q
When would you accept salvage?
A
If the property is in danger
4
Q
What is salvage?
A
A service rendered by a person who saves or helps to save maritime property in danger.
