TX H210SS wrote:
I read that the CG conducted over 2500 searches off the upper east coast this past year. Does that sound right?
So they have a 5.5 million dollar yacht and they get picked up by chopper. The boat flounders unmanned and gets claimed by finders keepers or is lost.....does insurance pay for the lost vessel?
well it is called Maritime law.
Concept of salvage under Maritime Law[edit]
The right to be rewarded for salvage at sea under common law is based both on equitable principles and public policy and is not contractual in origin. Historically, salvage is a right in law, when a person, acting as a volunteer (that is, without any pre-existing contractual or other legal duty so to act) preserves or contributes so to preserving at sea any vessel, cargo, freight, or other recognized subject of salvage from danger. This is the typical case of salvage and is distinct from Prize law, which is the rescuing of property from the enemy at a time of war, for which a reward is made by the Court of Admiralty sitting as a Prize Court.
The law seeks to do what is fair to both the property owners and the salvors. The right to salvage may not necessarily arise out of an actual contract but is a legal liability arising out of the fact that property has been recovered. The property owner who had benefit of the salvor's efforts must make remuneration, regardless of whether he had formed a contract or not. The assumption here is that when faced with the loss of his vessel and cargo, a reasonable prudent owner would have accepted salvage terms offered, even if time did not permit such negotiations.
ALL i can say is that the insurance company, boat manufacture and the commercial vessel are working together.. Their is a common interest to recover the boat in one piece.
As for the helo ride. when have only one operational engine and no steering it becomes hard to control a boat in 18' seas..
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Not Penny's Boat
1993 190 Horizon 5.0L EFI http://www.smwebhead.com/phpBB3/viewtopic.php?f=3&t=111361977 14' CMF Skiff SOLD
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