Exceptions to the Law of Finds…… The United
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Posted On: 07/12/2023 2:27:14 PM
Re: Coat Tail Rider #7620
Exceptions to the Law of Finds……
The United States passed the Abandoned Shipwrecked Act in 1987. That Act gives title of all shipwrecks within U.S. waters to the United States and not to the discoverer of the shipwreck. U.S. territorial waters extend at least three miles from the coast line. Further, if the remains of a United States or a foreign government’s ship are recovered then the law of finds does not apply since it is generally accepted that governments never abandon the search and recovery efforts for their own vessels.
https://www.lawinfo.com/resources/admiralty-m...ou-ne.html
Since it’s likely SFRX will never locate a wreck based on past performance, this likely won’t be an issue.
The United States passed the Abandoned Shipwrecked Act in 1987. That Act gives title of all shipwrecks within U.S. waters to the United States and not to the discoverer of the shipwreck. U.S. territorial waters extend at least three miles from the coast line. Further, if the remains of a United States or a foreign government’s ship are recovered then the law of finds does not apply since it is generally accepted that governments never abandon the search and recovery efforts for their own vessels.
https://www.lawinfo.com/resources/admiralty-m...ou-ne.html
Since it’s likely SFRX will never locate a wreck based on past performance, this likely won’t be an issue.
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