Examples of Salvage Convention in a sentence
The Special Compensation P&I Club Clause (SCOPIC) was devised to be incorporated into a Lloyd’s Open Form salvage contract in order to rectify the imperfections of the International Salvage Convention (1989).
Article 14 of the 1989 Salvage Convention provided that salvors could receive special compensation in certain circumstances where the salved fund was insufficient to allow them to recover their expenses and a fair rate for tugs and equipment used in salvage operations.
A Special Representative is on board solely to investigate, monitor, ascertain and report on issues relevant to the Salvage operation and the assessment of the salvage award to be made under Article 13 of the Salvage Convention 1989 or SCOPIC remuneration.
The Development of Environmental Salvage and Review of the Salvage Convention 1989.
The point had been overlooked at the CMI Paris Conference, when Rule VI was amended to take account of the 1989 Salvage Convention.