Vietnam: Salvage plan shall be submitted before conducting salvage of sunken property

12:05, 25/07/2017

This is the content specified in Decree No. 05/2017/NĐ-CP of Vietnam’s Government on treatment of property sunk in inland waterways, port waters and territorial waters of Vietnam.

According to Decree No. 05/2017/NĐ-CP of Vietnam’s Government, before organizing the salvage of sunken property, the following subjects must make a salvage plan:

- The shipwrecked property owner shall directly formulate or hire a qualified entity to formulate the salvage plan;

- If the shipwrecked property owner is unidentified or the shipwrecked property owner fails to formulate the salvage plan within the prescribed time limit, the authority that has the power to consider the salvage plan shall appoint a qualified entity to formulate the salvage plan.

- A port authority shall assume responsibility to formulate the plan for salvage of shipwrecked property causing hazard in the following cases:

+ The shipwrecked property owner causing hazard fails to formulate the salvage plan within the prescribed time limit;

+ The shipwrecked property owner causing hazard is unidentified or it is under the state ownership.

The salvage plan must be approved by competent authorities.

View more details at Decree No. 05/2017/NĐ-CP of Vietnam’s Government, effective from July 01, 2017.

- Ngoc Duyen -

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