(1) Both the owner and the skipper/master of a ship in distress have the authority to conclude contracts for salvage measures on behalf of the owners of property on board the ship. Moreover, the skipper or master of said ship has the authority to conclude such contracts on behalf of the owner of the ship.
(2) The salvage contract or any terms thereof may be annulled or modified by a court ruling in response to a petition, provided one of the following applies:
1. the contract was entered into as a result of undue influence or under the influence of danger, and the contract’s terms are inequitable; or
2. the payment provided under the contract is excessively large or small in view of the services actually rendered.