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The comparative turkish and english law on marine salvage operations and turkish monopoly on the straits
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Salvage operations play a critical role in minimizing unfavorable mishaps and accidents in the marine sector and averting more significant losses. Since the interruption of a ship's journey can be just as devastating as the incident itself, ship owners are determined to start salvage operations promptly to ensure the continuation of their voyages. The requirement that salvors carry out their responsibilities and get just remuneration for their service is equally vital. It is at this point that consultants and insurance companies become integral. This thesis provides a thorough analysis of the steps involved in salvage operations along with a case study evaluating the extent to which Turkish law complies with international conventions and laws. An in-depth understanding of the roles played by brokers, insurers, and legal counsel in the process can be gained through interviews. This study clarifies a unique monopoly framework that characterizes Turkish marine practices to address unfair resolutions. The study seeks to advance equity among the parties involved by providing a comprehensive and historical review of this system. Additionally, by drawing attention to the differences that lead to the unjust remuneration that ship owners get, the goal is to address these discrepancies and promote fairness in negotiations with all parties involved.
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salvage operations International convention on salvage 1989 Turkish Salvage Agreement Turkish monopoly application marine insurance shipping industry