What is a salvage reward?
- A salvage reward is money you are entitled to should you voluntarily save a ship, its cargo or equipment in Australian waters.
- The reward is paid to you by the owner of the ship or the owner of the freight or equipment that you have saved.
- There are no prescribed amounts of money for salvage rewards set out in maritime legislation however if you make a claim a judge will decide what is fair and reasonable remuneration in the circumstances.
Read some more FAQS from our Admiralty & Maritime section