# Merchant Shipping Act 1995, Paragraph 3


Salvor’s expenses for the purpose of paragraphs 1 and 2 means the out-of-pocket expenses reasonably incurred by the salvor in the salvage operation and a fair rate for equipment and personnel actually and reasonably used in the salvage operation, taking into consideration the criteria set out in article 13, paragraph 1(h), (i) and (j).

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Source: https://www.legislation.gov.uk/ukpga/1995/21/schedule/11/part/I/chapter/17/crossheading/special-compensation/paragraph/3 (the official version)
Page: https://openlegislation.uk/merchant-shipping-act-1995/schedule-11/part-I/chapter-17/crossheading-special-compensation/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.