Towing vs. salvage: it really pays to know the difference. From: BOAT/U.S. Magazine | Date: March 1, 2006 | COPYRIGHT 2006 Boat Owners Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Knowing the difference between towing and salvage could save you boatloads of money if you need help on the water.

Historically and legally, salvage is any voluntary and successful rescue of a boat, its cargo and/or its passengers from a peril at sea. Because the maritime courts wanted to reward and encourage people to risk their own lives and property to rescue others in distress, salvage often results in a request for a percentage of the boat's post-casualty value--whi...

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