Where a ship is in danger, is the master of a vessel rendering assistance under any obligation to save the ship as well as the crew?

No. Shipmasters are under a statutory obligation to save human lives only. The first priority is to decide how to save the lives on board, and then think about saving the ship if circumstances permit. Once they volunteer salvage services, they also take on a statutory duty towards the environment.

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A loaded bulk carrier receives a call for assistance from a vessel that has suffered a major engine breakdown in mid-Atlantic. What should be the bulk carrier master’s considerations before offering a tow?

How much assistance should the master of a disabled ship give the master of a vessel rendering assistance, since he and his crew and owners are going to be earning a salvage reward?