Q3. A grounded ship has been re-float-ed and towed by a professional salvor to a place of safety. As per the Salvage Convention the salvor has a right to award;
a) List the various criteria which are considered under Article 13 of the Convention for determining the amount of award
b) State the duties of the salvor and the shipowner/master as per this Convention, and
c) Assuming LOF-2000 was agreed between the parties, discuss when is the Convention applicable and when the LOF if any dispute arises.
Q4.State the difference between Maritime salvage and contractual salvage. Give simple examples. Who is responsible for payment of award to the salvor, for salvage of maritime property, as per the salvage convention? Which form popularly used in case of contractual salvage? How is the amount of award calculated as per this form?
Q5.a) Explain the primary objectives of the International Convention on Salvage, 1989. How does this convention aim to balance the interests of Salvors and vessel owners? (6)
b) Discuss the significance of Articles 13 and 14 of the Salvage Convention. Specifically, explain the criteria for determining the reward under Article 13 and describe the provisions of article 14 regarding “Special Compensation” for preventing or minimizing environmental damage. (10)
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