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Hi Brian
First Identify the wreck then there is usually laws
Governing Historical aspects depending on date of wreck if wreck is more recent
check loyds register to establish who owns wreck and who owns cargo then see if
you can negotiate usually you need to be registered with the tax man and have a
salvage license also location of the wreck is very important could be within a
restricted area my 2cents worth
All the best
Glen SA
----- Original Message -----
Sent: Thursday, July 16, 2009 5:16
PM
Subject: Re: [PSUBS-MAILIST] Salvage
Laws
Brian,
Salvage is a hard business. The Nekton boys killed
somebody doing one out there where you're talking about, and sank a sub in the
process. I never heard whether they actually went back to get the
boat.
Vance
-----Original Message-----
From: Brian Cox <ojaivalleybeefarm@dslextreme.com>
To:
personal_submersibles@psubs.org
Sent:
Wed, Jul 15, 2009 10:05 pm
Subject: RE: [PSUBS-MAILIST] Salvage
Laws
Interesting, This would be off California near the Channel
Islands. I don't really have any specific boat in mind but some diver
friends of mine have mentioned some boats out here and I was just wondering
about it. It sounds like one might be better off just shopping
around for a good deal than trying to bring something up from davy jones
locker. It would have to be an exceptional find to make it worth
it.
Brian
Not specifically. Is it
in territorial waters? If so, which insurance company paid off on it? It
doesn't matter to whom. You can make a cash offer for the title, which the
insurance company will be holding. George Kittredge bought a lobster boat
like that--I don't remember what he paid, five hundred bucks, maybe. The
boat was in a hundred feet of water in Maine. They salvaged it, overhauled
it and sold it. Ultimately, I think everybody broke even, and were pretty
lucky to get away without losing money. The point about buying the title
from the insurer is that you'd own the boat outright. Salvage without the
title might require the courts to mediate, and the boat is worth more money
in the boatyard than it is on the seabed. If the boat is or was uninsured,
then I'd speak to the Coast Guard. Someone would be able to steer you in the
right direction for information on salvage
claims.
Vance
-----Original Message-----
From: Brian
Cox <ojaivalleybeefarm@dslextreme.com>
To:
Personal_Submersibles@Psubs. Org <personal_submersibles@psubs.org>
Sent:
Wed, Jul 15, 2009 7:06 pm
Subject: [PSUBS-MAILIST] Salvage Laws
Hi All,
Does anyone know what the laws are concerning salvaging sunken
ships? For instance a sailboat in 200' of water?
Brian
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