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Old 03-12-2004, 10:02 PM
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Default Whats the process to salvage a partially sunken boat?

I live near a lake that has had a partially sunken boat sitting offshore for a couple weeks. I was wondering what is the process that one would have to go through to claim salvage rights to the boat?
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Old 03-12-2004, 10:18 PM
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Default RE: Whats the process to salvage a partially sunken boat?

If you have a boat, go out there and see if you can drag it to shore, and pump it out! When I was a kid on the North Shore of Long Island, after a storm, our small group of kids would do this on a regular basis for our neighbors. If there are numbers on the boat you can trace the owner through motor vehicle.
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Old 03-12-2004, 10:37 PM
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Default RE: Whats the process to salvage a partially sunken boat?

Particulary on a Lake which is totally inland waters. Why dont you do the only sensible thing
and check with the local law enforcement guys. They are the ones who would really know rather than a bunch of "I thinks". get the right answers
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Old 03-12-2004, 11:51 PM
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mbb
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Default RE: Whats the process to salvage a partially sunken boat?

There are maritime laws which apply. I have no idea about a lake. I do know that in coastal waters you file some document, then you have the right of salvage. I read an article once about a famous sailboat /yacht that sank near here, someone (a father and his sons) salvaged it, spent ~$200,000 on salvage and re-fitting it and had a boat worth about $275,000.
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Old 03-13-2004, 06:32 AM
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Default RE: Whats the process to salvage a partially sunken boat?

That is the biggest urban myth on the planet. You don't just claim "salvage rights". I've been in this business for 20 yrs. Send me a pm and I'll be glad to see if I can help you out, but be advised that depending on how much water the vessel is in, the job can be tricky. If the vessel has any worth, you'll need to bring it up in tack to claim any reward. If you go at it from an amateur position and do damage to the vessel, you can be held liable for "negligent salvage"! And there's nothing an insurance underwriter would rather do than collect some money from you on a claim they had previously consider a CTL.
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Old 03-13-2004, 08:30 AM
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Default RE: Whats the process to salvage a partially sunken boat?

If you want to see what can be involved in salvaging a 'partially submerged' boat take a look at my pics in the Hurricane Fabian album. The barge & crane hire was only just the beginning.
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Old 03-13-2004, 09:13 AM
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mbb
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Default RE: Whats the process to salvage a partially sunken boat?

My limited understanding is that anyone can salvage ABANDONED property. If the prior owner wants it back afterward, it would be subject to your salvage lien. Your first action has to legally claim that the vessel has been abandoned.
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Old 03-13-2004, 10:20 AM
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Default RE: Whats the process to salvage a partially sunken boat?

Go down to my vendor area. We have discussed the subject in more detail.
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