Merchant Shipping Act 1995
Encyclopedia
The Merchant Shipping Act 1995 is an Act of Parliament passed in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

 in 1995.

The Merchant Shipping (Pollution) Act 2006
Merchant Shipping (Pollution) Act 2006
The Merchant Shipping Act 2006 is an Act of the Parliament of the United Kingdom. It has three main purposes: to give effect to the Supplementary Fund Protocol 2003, to give effect to Annex IV of the MARPOL Convention, and to amend section 178 of the Merchant Shipping Act 1995.-Supplementary Fund...

 amended section 178(1) of the Act. It restricts claims to being enforced within three years of the damage occurring, whereas previously it had been restricted to within three years after "the claim against the Fund arose", and within six years of the damage occurring.

Receiver of Wreck
Receiver of Wreck
The Receiver of Wreck is an official who administers law dealing with wreck and salvage in some countries having a British administrative heritage.-Countries having a Receiver of Wreck:...

 is a post defined under the Act. It is an official of the British government whose main task is to process incoming reports of shipwrecks in order to give legitimate owners the opportunity to retrieve their property and ensure that law-abiding finders of wreck receive an appropriate reward.

According to the Merchant Shipping Act, a wreck falls into one of four categories:
Flotsam : goods lost from a ship which has sunk or otherwise perished which are recoverable because they have floated.
Jetsam : goods cast overboard (jettisoned) in order to lighten a vessel which is in danger of sinking, even if they ultimately perish.
Derelict : property which has been abandoned and deserted at sea by those who were in charge without any hope of recovering it. This includes vessels and cargo.
Lagan (or ligan) : goods cast overboard from a ship, which afterwards perish, buoyed so that they can be recovered later.
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