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The Smith Salvage Global Preparedness Agreement equips shipping companies to handle maritime accidents, such as engine room fires or grounded vessels. It provides a clear, pre-agreed set of emergency protocols, allowing for swift action to mitigate risks. This free and non-exclusive agreement enhances response times, aiming to minimize pollution and assist vulnerable vessels quickly. By sharing critical information like technical drawings and firefighting plans in advance, salvage experts can be prepared for rapid deployment during marine casualties from strategically located emergency response centers.