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<p>[QUOTE="calcol, post: 3049299, member: 77639"]Finding and retrieving a shipwreck is difficult, but rewarding psychologically if successful. Stressful part is dealing with governments that want to claim it as cultural heritage and insurance companies and descendants of original ship and cargo owners who say it belongs to them. No matter that you did the work and the wreck might have disappeared forever if you hadn't. Often the law and courts are on their side. Best defense is expensive, up-front research and legal work before salvage begins. Even then you may lose it all in court.</p><p><br /></p><p>Ask Odyssey Marine. They recovered $500 million worth of coins from the Nuestra Senora de las Mercedes. The ship, which belonged to Spain, was sunk off the coast of Portugal in 1804 by the British. The government of Spain sued for the coins in a U.S. court and won.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 3049299, member: 77639"]Finding and retrieving a shipwreck is difficult, but rewarding psychologically if successful. Stressful part is dealing with governments that want to claim it as cultural heritage and insurance companies and descendants of original ship and cargo owners who say it belongs to them. No matter that you did the work and the wreck might have disappeared forever if you hadn't. Often the law and courts are on their side. Best defense is expensive, up-front research and legal work before salvage begins. Even then you may lose it all in court. Ask Odyssey Marine. They recovered $500 million worth of coins from the Nuestra Senora de las Mercedes. The ship, which belonged to Spain, was sunk off the coast of Portugal in 1804 by the British. The government of Spain sued for the coins in a U.S. court and won. Cal[/QUOTE]
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