Monday, December 14, 2015

World's Largest Sunken Treasure Found-- Part 2: International Legal Dispute

In 1982, Sea Search Armada, a salvage company owned by American investors announced that it had found the San Jose 700 feet deep.  Two years later, Colombia's government overturned a well-established maritime law that gives 50 percent to whoever locates a shipwreck and slashed Sea Search's finders fee down to 5%.

A lawsuit by them was dismissed in a Washington, D.C. federal court in 2011 and affirmed on appeal two years later.  Colombia's Supreme Court has ordered the ship recovered before the international dispute is over.

President Santos says this ship was discovered at a different site than the Sea Salvage one thanks to new meteorological and underwater mapping studies.

No humans have yet to reach the wreck but underwater vehicles have and brought back photos of dolphin-stamped bronze cannons that leave no doubt as to the ship's identity.

According to Santos, the ship was found Nov. 27 near the Rosario Islands which is close to Baru Peninsula.

--DaRichCoot


No comments: