In its decision of 31 January 2006 the court recognised "explicitly the appropriateness of applying maritime salvage law to historic wrecks such as that of Titanic" and denied the application of the Maritime Law of Finds. The court also ruled that the district court lacked jurisdiction over the "1987 artifacts", and therefore vacated that part of the court's 2 July 2004 order. In other words, according to this decision, RMS Titanic Inc. has ownership title to the objects awarded in the French decision (valued $16.5 million earlier) and continues to be salvor-in-possession of the Titanic wreck.