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Registered: 04-2006
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Ownership of wreck of RMS Titanic


Hey,

I'm a first time poster here, so I'm going to try to keep this short and to the point. Technically, RMS Titanic Inc. owns the wreck of the Titanic, however, under international salvage law, and I quote:

quote:

In 1987 the United States Congress passed the Abandoned Shipwreck Act of 1987. The Act provides that the United States has title to all abandoned shipwrecks found in U. S. waters within the 3-mile limit; however, the U. S. Government then passed title to the state in whose waters the shipwreck was located. If the shipwreck is outside of the territorial waters, then the general admiralty law applies. In order for someone to a finder, they must prove that the shipwreck has been abandoned by its original owners. If it has not been abandoned by its original owners, then the person recovering either the vessel or its contents would be treated as a salvor and would be entitled to a portion of the value retained.



In essence, finders keepers. However, ownership of the wreck originated with White Star Line untill White Star was bought by Cunard in 1931 or 32 I believe. From there, Cunard-White Star, and then later with the White Star dropped from the title to just Cunard, the ownership of said wreck, RMS Titanic would belong to Cunard, or have the legal jurisdiction to declare a right of ownership over the wreck of the Titanic.

On a side note, Cunard I believe is a legally registered company in the United Kingdom, not the United States. Thus, the US Court of Appeals decision to give RMS Titanic Inc. ownership over the wreck should be in question. Even though they have the right to, Cunard has yet to flex their legal muscle. Should they choose to, all they would have to do to declare themselves in posession of RMS Titanic is to drop a Cunard flag on the deck of the bow and stern, and say, "Alrighty gentlemen, RMS Titanic is hereby reinstated as a fully operational (ha ha) mail steamer, and is now on the Cunard registry under Admiralty Law of the Rights of Salvage in the United Kingdom of Great Britain and Northern Ireland, and the United States of America. We hereby declare RMS Titanic as sovereign property of the Cunard Cruise Lines, and the Cunard-White Star Mail Steamer and passenger carrier line."

With that, RMS Titanic Inc. looses all ownership of the wreck. After all that being said, why doesn't Cunard do the right thing and extend legal jurisdiction over the wreck? After all, the company they bought spent good money on the vessel, and although she suffered an unfortunate accident and was sent to the bottom, Cunard has a legal right to that wreck. We could only hope that they could declare ownership and take it from those graverobbing merchants @ RMS Titanic Inc.
Apr/1/2006, 6:57 am Link to this post Send Email to Paul867   Send PM to Paul867
 
Thomas Dyer Profile
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Re: Ownership of wreck of RMS Titanic


Hi Paul867, Welcome to the forum.

I have never researched this properly but....

I think White Star would have lost its ownership rights to Titanic as soon as she sank.

Titanic does not have an owner. RMS Titanic inc just have salvage rights to the ship. In fact I could be wrong but I think they might have given them up already.

Tom

 

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Apr/1/2006, 5:20 pm Link to this post Send Email to Thomas Dyer   Send PM to Thomas Dyer
 
The Foxes Profile
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Re: Ownership of wreck of RMS Titanic


Interesting take on the subject. Why don't you have a go at finding out Paul867, and filling us in?
Regards,
GF. emoticon

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If people evolved from apes, why are there still apes?
Apr/5/2006, 2:18 am Link to this post Send Email to The Foxes   Send PM to The Foxes
 


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