In the event of a ship being in peril, grounded or wrecked, critically evaluate the need to determine the
purpose and scope of a salvage contract prior to the act of salvage itself, and to what extent this would give the salvor the right to ‘Maritime Lien’. Discuss whether in the event of a vessel being under charter or ship management at the time of peril or wrecking, the formation of a salvage contract and the use of the Lloyds Open Form (LOF) would be influenced by such factors, and if so, how
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