New legislation over who pays for the salvage of wrecks in UK
Shifting the cost burden on shipowners New legislation to clear up uncertainty over who should pay for the salvage of uninsured wrecks in UK waters has shifted the expense on to British shipowners and owners whose ships call at UK ports.The situation of who pays is unclear if a wreck is outside port limits, according to Andrew Webster, an insurance broker with JLT Specialty.But shifting the cost burden on to shipowners has arisen under the International Convention on Wreck Removal, which is being implemented by the UK through a private members bill, the Wreck Removals Convention Bill.
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