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$3bn salvage! (potentially)

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  • #1

    $3bn salvage! (potentially)

    US treasure hunters seek lost platinum
    http://www.bbc.co.uk/news/world-us-canada-16874999
    The crew of the US explorer ship Sea Hunter has pinpointed the whereabouts of a shipwreck from World War II, which they believe contains $3bn in platinum.

    Nice vid explaining how a British freighter Port Nicholson sunk by German u-boat in WWII

    Whats the rules regarding salvage? Surely it can't be 'finders keepers', possibly after a certain time frame.
    I hope they find what they're looking for anyway, 71t of platinum.
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  • #2
    It belongs to the underwriter probably. I'm curious what we wanted with 71t of platinum back then, the insides of electronic valves at a guess? Or possibly oil refining.
    '... English is about as pure as a cribhouse whore. We don't
    just borrow words; on occasion, English has pursued other languages
    down alleyways to beat them unconscious and rifle their pockets for
    new vocabulary.' - James Davis Nicoll

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    • #3
      Originally posted by penfold View Post
      I'm curious what we wanted with 71t of platinum back then, the insides of electronic valves at a guess?
      The platinum was a payment in kind from the USSR as part of Lend-Lease.

      Salvage law is complicated and variable.

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      • #4
        They did the same with the "John Barry" that was sailing along carrying a load of Silver....
        I love deadlines. I like the whooshing sound they make as they fly by.....

        All posts here represent my own opinion and not that of my employer.

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