Time Limit To Claim The Salvage
Article 23 of the 1989 Convention provides for a two-year limit to commence judicial or arbitration proceedings arising from a salvage claim. The limitation commences on the date on which the salvage operations are terminated. During the two-year period, an extension of time can be agreed by parties. An action for indemnity by a person liable may be instituted after the expiration of the limitation period with the assumption that it is brought within the time allowed by the states in which the proceedings are brought.
However, if the ship is not saved and the loss was due to the salvor's negligence, the time limit to bring action against the salvor will be based on the tort of negligence.
Read more about this topic: Law Of Salvage
Famous quotes containing the words time, limit and/or claim:
“An inch of time is worth more than a foot of jade.”
—Chinese proverb.
“Greatness collapses of itself: such limit the gods have set to the growth of prosperous states.”
—Marcus Annaeus Lucan (39–65)
“Methods of thought which claim to give the lead to our world in the name of revolution have become, in reality, ideologies of consent and not of rebellion.”
—Albert Camus (1913–1960)