- Reaction score
I've only read a tiny bit of the judge's argument, but I did learn something new: Odyssey, the exploration company, is making a claim under the law of finds, not the law of salvage. Whereas the latter entitles salvers a fee for bringing the wreck up, the former is the one that actually grants ownership. The latter is the one you're supposed to worry about when getting help from another boat -- that entitles them to claim salvage against you, but not finds. I.e., a fee for helping out, but not ownership of your vessel.what ever happened to the law of salvage. they should be able to keep it or get a good % of its value, like 50 %.
Anyway I don't know much about international martime law but it seems unjust unless Spain had been actively engaged in recovering this wreckage for the past two hundred years. If you abandon a vessel (or any property) for that long, I don't think you should get to claim ownership over it, especially if you're a "sovereign" and not a natural person.