A ‘fair rate’ for salvage operations includes the overheads of the salvage company and the additional costs of being instantly available. Citations: Times 10-Feb-1997, [1997] UKHL 2; [1997] 1 All ER 502; [1997] 2 WLR 298; [1997] 1 Lloyds Rep 323 Links: House of Lords, Bailii Statutes: International Salvage Convention 14.3 Transport Updated: 20 May … Continue reading Semco Salvage and Marine Pte Ltd v Lancer Navigation Co Ltd: HL 10 Feb 1997