Legal review on the marine salvage of property Cover Image

Pravni osvrt na spašavanje imovine na moru
Legal review on the marine salvage of property

Author(s): Jelena Nikčević Grdinić
Subject(s): Maritime Law, Commercial Law
Published by: Hrvatska akademija znanosti i umjetnosti
Keywords: salvage at sea; marine salvage of property; salvage agreement; salvage award; SCOPIC clause; Lloyd's Open Form of Salvage Agreement (LOF 2011); marine environment - protection;

Summary/Abstract: Sailing the sea, with all the risks and challenges included, caused the creation of a specific legal institute – marine salvage, which has, for the umpteenth time, reflected human solidarity and the willingness to help. The first traces of this institute were found in the code of the maritime laws of the island of Rhodes: ''Nomos Rodion Nautikos'' from the eighth century. Salvage, as one of the oldest institutes of maritime law, has not lost its importance to the present day. On the contrary, it has always been modernized and improved and therefore – in addition to marine salvage of property – this institute has developed to the protection and preservation of the marine environment. In this paper special attention is paid to the property - legal aspect of salvage by pointing to crucial solutions given in the relevant international conventions, standard forms of marine salvage agreements, with a special focus on new Lloyd's Open Form of Salvage Agreement (LOF 2011).

  • Issue Year: 54/2015
  • Issue No: 169
  • Page Range: 463-479
  • Page Count: 17
  • Language: Croatian