Answer
Towage | Salvage | |
Purpose | Moving a vessel that cannot move on its own. E.g. Due to engine failure or no power. | Rescuing a vessel in danger, , such as sinking or grounding. |
Contract | Requires a pre agreed contract with specific terms for services and payment. | Usually Voluntary and no pre existing contract is required |
Reward | Pre-agreed fee for the service regardless of the success or risk involved. | Reward is based on success, a salvage award depends on saving life or property. |
Danger | Vessel need not be in any distress or danger, it may simply need assistance to move | Vessel must be in actual danger or distress. E.g. Fire, Sinking. |
Subject Matter | Generally applies to any vessel needing assistance, without specific cargo requirements | Only applies to objects or property contributing to salvage remuneration. E.g g. Ship, Cargo |
Additional Fees | May include extra fees for weekends, holidays, or challenging conditions. E.g. Ice | No additional fees, but salvage awards may increase based on the value of saved property or risk involved. |