B-140736: Oct 26, 1959

SINCE THE VESSEL WAS DEAD IN THE WATER. THE VESSEL WAS TOWED BY THE SALVORS TO BEIRUT. THE ARBITRATOR'S FINDINGS DISCLOSE THAT THE AGREED TOTAL VALUE OF THE SALVED PROPERTY WAS 1. ALTHOUGH THE GOVERNMENT CARGO WAS NOT INITIALLY CONSIDERED BY THE ARBITRATOR. THE ARBITRATOR STATES THAT A PROPER AWARD IN RESPECT TO THE GOVERNMENT-OWNED CARGO WOULD HAVE BEEN 9. IT IS STATED IN THE LETTER FROM MSTS THA...

B-140736: Dec 04, 1959

SINCE THE VESSEL WAS GROUNDED. THE VESSEL WAS REFLOATED DUE TO THE LIGHTENING AND DREDGING ACTIVITIES OF THE SALVORS. THE RATE OF EXCHANGE WAS FIGURED AT $2.80 TO THE POUNDS STERLING THE ARBITRATOR AWARDED 27. IT IS STATED IN THE LETTER FROM THE MILITARY SEA TRANSPORTATION SERVICE THAT THIS AMOUNT APPEARS REASONABLE. IT IS ALSO REPORTED IN THE MILITARY SEA TRANSPORTATION SERVICE'S LETTER THAT NO G...

B-140736: Jun 01, 1961

REFERENCE ALSO IS MADE TO MR. THE SHIP SUBSEQUENTLY WAS TOWED INTO PORT UNDER A LLOYD'S "NO CURE-NO PAY" SALVAGE AGREEMENT AND THE GOVERNMENT-OWNED CARGO WAS DELIVERED SAFELY TO DESTINATION. THE QUESTION OF THE PROPER AMOUNT OF AN AWARD FOR THE SALVAGE TUG'S SERVICES WAS PRESENTED TO A REPRESENTATIVE OF LLOYD'S FOR DETERMINATION PURSUANT TO THE TERMS OF THE SALVAGE AGREEMENT. JOHNSON AND HIGGINS W...