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Wreck and Salvage Act, 1996 (Act No. 94 of 1996)

Schedule : International Convention on Salvage, 1989

Attachment 1

 

COMMON UNDERSTANDING CONCERNING ARTICLES 13 AND 14 OF THE INTERNATIONAL

CONVENTION ON SALVAGE, 1989

 

It is the common understanding of the Conference that, in fixing a reward under article 13 and assessing special compensation under article 14 of the International Convention on Salvage, 1989 the tribunal is under no duty to fix a reward under article 13 up to the maximum salved value of the vessel and other property before assessing the special compensation to be paid under article 14.