Law Of Salvage - Regal 2700 Owner's Manual

CHAPTER 5

Law Of Salvage

The Admiralty law sometimes referred to as the salvage law was founded
primarily on English law fundamentals and basically says that a vessel
distressed, in danger of flounder, if rendered assistance from a towing
company or private agency, can be forced to relinquish a portion of
the vessels' worth for the assistance received.
IN THE EVENT YOUR VESSEL IS IN DISTRESS,
PRIOR TO ALLOWING ANY TOWING COMPANY OR
PRIVATE AGENCY THE RIGHT TO PASS A LINE TO
YOUR VESSEL, BE SURE TO ESTABLISH THAT YOU
DO NOT AGREE TO ANY SALVAGE RIGHTS.
ESTABLISH WITH THE CAPTAIN OR OPERATOR
THAT YOU WISH TO BE ASSISTED IN A CONTRACT
BASIS AND ESTABLISH A PRICE.
OF COURSE IN CERTAIN SITUATIONS, YOU MAY
NOT HAVE THIS OPTION.
USE YOUR BEST JUDGEMENT!
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NOTICE