Shipwrecked property must be notified to the competent authority for coordination in accordance with statutory procedures. Responsibility to provide information concerning shipwrecked property and authorities receiving information concerning shipwrecked property are prescribed in Decree No. 05/2017/NĐ-CP of Vietnam’s Government as follows:
Owners who salvage sunken property themselves shall bear the costs of disposing of the property. In case the property is salvaged by a competent agency, the obligation to pay expenses is prescribed as follows:
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.
After the shipwrecked property is discovered and notified to the owner and the salvage plan having been approved, the property owner or competent authority is obliged to organize the salvage of shipwrecked property as follows:
This is the content of 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.
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;