Review article
LEGAL REVIEW ON THE MARINE SALVAGE OF PROPERTY
Jelena Nikčević Grdinić
orcid.org/0000-0003-3817-3380
; Fakultet za pomorstvo Kotor, Univerzitet Crne Gore
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).
Keywords
salvage; salvage agreement; LOF; salvage award; SCOPIC clause; protection of marine environment
Hrčak ID:
144409
URI
Publication date:
8.9.2015.
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