The rescue of a vessel, its cargo, or other property from peril at sea, for which the salvor is entitled to a reward. The law of salvage encourages mariners to render assistance by providing compensation proportional to the value saved, the danger involved, and the effort expended.
Category: Maritime Law & Regulations
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MLCThe Maritime Labour Convention, adopted by the International Labour Organization (ILO) in 2006, which sets out seafarers' rights to decent conditions of work across a wide range of subjects.P&I ClubProtection and Indemnity Club, a mutual insurance association that provides cover for its shipowner and charterer members against third-party liabilities arising from the operation of ships.Port State ControlThe inspection of foreign-flagged ships in national ports to verify that the condition of the vessel and its equipment complies with the requirements of international conventions.SOLASThe International Convention for the Safety of Life at Sea, the most important international treaty concerning the safety of merchant ships.Tonnage CertificateAn official document issued by a classification society or flag state authority certifying a vessel's gross tonnage (GT) and net tonnage (NT) as measured under the International Convention on Tonnage Measurement of Ships (1969).UNCLOSThe United Nations Convention on the Law of the Sea, a comprehensive international agreement that defines the rights and responsibilities of nations with respect to their use of the world's oceans.
Back to DictionaryEntry updated May 2026