4 ms·

Since the listing is caused by water and failed bilge pumps, and since moving the oil seems to be politically contentious, is there no hope of option D pumping

by abeppu 6y ago

Since the listing is caused by water and failed bilge pumps, and since moving the oil seems to be politically contentious, is there no hope of option D pumping out the water and then repairing the bilge pumps? Perhaps this only kicks the can down the road, but aside from being perhaps politically less contentious, one might imagine that being able to pump out water requires a less specialized operation? Also, the wikipedia page for the Narabima says it was "abandoned". Does maritime salvage law enter into this? I.e. absent intervention by some government, is this basically an opportunity for any private party with the right equipment to try to go out and claim 1.3M barrels of oil?

manquer 6y ago
Technically yes it can be claimed as salvage if it is abandoned, however it also inside Venezuelan territorial waters, Venezuela can always confiscate goods from the salvaging ship or hinder operations if they choose to do so,and can make salvage crew does pay for the Oil.
tialaramex 6y ago
Salvage law doesn't entitle you to just automatically keep stuff. You're entitled to fair recompense (including a profit) for your work - and in the event that nobody will pay you can achieve that recompense by selling the thing salvaged but that's a bunch more effort and you may have to fight in the courts to get/keep your money. These are specialist skills, why not earn slightly less money with far lower risk doing a normal on-contract at-sea recovery job? Also, while today many countries think it's very important not to - for example - spill vast quantities of toxic materials into the ocean, this was not originally a concern of salvage law, and so not all jurisdictions will be friendly to the idea that you deserve reward partly for preventing an environmental disaster. Countries with modern salvage rules would pay more for the fact you're preventing a massive oil spill than if you "salvaged" millions of gallons of say mild saline solution that were inexplicably being moved and aren't toxic, but the work is the same even if you're paid less.

by abeppu 6y ago

manquer 6y ago

Technically yes it can be claimed as salvage if it is abandoned, however it also inside Venezuelan territorial waters, Venezuela can always confiscate goods from the salvaging ship or hinder operations if they choose to do so,and can make salvage crew does pay for the Oil.

tialaramex 6y ago

Salvage law doesn't entitle you to just automatically keep stuff. You're entitled to fair recompense (including a profit) for your work - and in the event that nobody will pay you can achieve that recompense by selling the thing salvaged but that's a bunch more effort and you may have to fight in the courts to get/keep your money. These are specialist skills, why not earn slightly less money with far lower risk doing a normal on-contract at-sea recovery job? Also, while today many countries think it's very important not to - for example - spill vast quantities of toxic materials into the ocean, this was not originally a concern of salvage law, and so not all jurisdictions will be friendly to the idea that you deserve reward partly for preventing an environmental disaster. Countries with modern salvage rules would pay more for the fact you're preventing a massive oil spill than if you "salvaged" millions of gallons of say mild saline solution that were inexplicably being moved and aren't toxic, but the work is the same even if you're paid less.