In common law, what conditions must be met for a salvage service to qualify for a salvage reward?

(1) There must be a peril (e. g. the threat of the property sinking);Β 

(2) the salved property must be a recognised subject of salvage; (3) the salvage service must be a voluntary act; and (4) the salvage service must result in success (i. e. some or all of the property must be salved).


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What are “recognised subjects of salvage”, as mentioned in the last answer?

A ship salvages an abandoned yacht found adrift at sea and brings it to a UK port. Who decides what salvage reward, if any, has been earned?