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A "derelict" is a vessel that has been left by its crew that has no intention to return and no hope of recovery. However, even when a vessel is "abandoned" and left without intention to return, the vessel remains the property of its owner absent some affirmative act by the owner that clearly and convincingly establishes a positive intent to part with ownership.Blacktip said:Someone wanna run out there with a tow rope and claim salvage rights? I can just see someone out there with a 23' CC and a shotgun claiming "this rig is mine, Go find yourselves another!" Think the oil company attorneys could find a loop hole in maritime salvage law for a multi-million dollar floater?