Found at Sea
By Max Abraham
If you come across a floating package in the middle of the ocean, just drifting away, can you claim ownership over it? You might think, “Sure, why not? Finders keepers.” However, it’s hardly that simple as it depends on several underlying factors. For one, there might be competing property interests. The parties here can typically be narrowed down to two key players: the original owner of the goods and the party that finds it. However, in some cases, there may be a third-party interest. This can occur when the first party to retrieve the floating goods unintentionally loses control of it, letting it float away again and a new finder retrieves it.