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Marine salvage is based on the concept that when a person or persons save a ship and/or her cargo from loss or damage, the successful salvor is entitled to a reward.
This text explains many of the terms used in salvage and some of the agreements, such as Lloyds Open Form and ""No Cure No Pay"" used in the British Courts of Admiralty, which not only decide such cases in waters under British jurisdiction but also many others in which parties concerned agree to settle matters under such agreements.
A number of salvage incidents also feature in this book, as well as the records of two famous salvage companies, one based in Holland and the other in Singapore. Salvage incidents include the famous Torrey Canyon as well as a number of other salvage jobs including major strandings, ships on fire and lifting sunken ships.
The selection of incidents have been chosen with the aim of interesting both the professional as well as the layman.