For Flotsam and Jetsam?

In maritime law, flotsam, jetsam, lagan, and derelict are specific kinds of shipwreck. The words have specific nautical meanings, with legal consequences in the law of admiralty and marine salvage.

What does flotsam and jetsam mean today?

Flotsam is defined as debris in the water that was not deliberately thrown overboard, often as a result from a shipwreck or accident. Jetsam describes debris that was deliberately thrown overboard by a crew of a ship in distress, most often to lighten the ship's load.

Can you keep flotsam and jetsam?

You may be able to legally keep flotsam and jetsam, but it depends on which category your findings fall under. Flotsam is generally considered to be the property of the original owner, but jetsam often belongs to the finder. However, this varies depending on whether the owner makes a claim.