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Class 1 (Chief Engineer) Engineering Management 📅 Feb 2023

Exam Question

State the difference between Maritime Salvage and contractual salvage. Give simple examples. Who is responsible for pauyment of award to the salvage, for salvage of maritime property, as per the salvage convention? Which form is popularly used in case of contractual salvage? How is the amount of award calculated as pwer this form?

Reference Answer

### 1. Distinction between Maritime Salvage and Contractual Salvage
**Maritime Salvage (or Pure Salvage)**
This is a voluntary act of rendering assistance to a vessel or other maritime property in peril, without any pre-existing contract between the salvor and the property owner. The right to a reward arises from maritime law itself, not from an agreement.
* **Core Principles:**

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