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:
“Being charming takes time and effort, and I am busy.”
—Mason Cooley (b. 1927)
“No one who cannot limit himself has ever been able to write.”
—Nicolas Boileau-Despréaux (1636–1711)
“Chippenhook was the home of Judge Theophilus Harrington, known for his trenchant reply to an irate slave-owner in a runaway slave case. Judge Harrington declared that the owner’s claim to the slave was defective. The owner indignantly demanded to know what was lacking in his legally sound claim. The Judge exploded, ‘A bill of sale, sir, from God Almighty!’”
—For the State of Vermont, U.S. public relief program (1935-1943)