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April 27th, 2016
| April 27th, 2016 | |
|---|---|
| 12:45 am [Link] | "It is customary maritime law that the person who identifies the location of a ship to be salved has the right to a salvage award if that identification leads to a successful recovery. The amount is nominal, usually 1 or 2 percent, sometimes a bit more, of the intrinsic value to the owner of the thing salved. But the thing salved off Palomares was a hydrogen bomb, the same bomb valued by no less an authority than the Secretary of Defense at $2 billion—each percent of which is, of course, $20 million." |
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