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Economics

The Doctrine of Sequestration in Maritime Salvage Law

Quick fact

In many maritime jurisdictions, a salvor can apply for an order of sequestration, which places the salvaged vessel under court control, often preventing her from leaving port until the owner posts a suitable bond to secure the salvage claim.

Why this is interesting

When a ship is saved from ruin, what stops the owner from simply sailing away before paying the rescuer? Maritime law has a surprisingly powerful answer: the court can lock the ship's future until an oath is satisfied.