one of the worst disasters in the history of the Royal Navy. Treasure hunt Between 1998 and 2001, the American Company Odyssey Marine Exploration searched for the Sussex and claimed that it had located the shipwreck at a depth of 800 metres (2,624 feet). In October 2002, Odyssey agreed to a deal with the ship's rightful owner, the British government, on a formula for sharing any potential spoils. Odyssey would get 80 percent of the proceeds up to $45 million, 50 percent from $45 million to $500 million and 40 percent above $500 million. The British government would get the rest. The Americans were then poised to start the excavation in 2003, but it was delayed amid a raft of complaints from some archaeological quarters, denouncing it as a dangerous precedent for the "ransacking" of shipwrecks by private firms under the aegis of archaeological research. Just as Odyssey was about to start an excavation, it was stopped by the Spanish authorities, in particular the government of Andalusia in January 2006. In March 2007, Andalusia gave assent for the excavation to start with the condition that Spanish archeologists would take part in the excavation in order to ascertain that the shipwreck to be excavated is indeed the Sussex and not a Spanish galleon. On the same day, Odyssey Marine sent one of its survey vessels from Gibraltar, west of Cadiz to begin its Black Swan Project, which has resulted in Spain taking action against the company and cancelling its agreement to cooperate on the Sussex project. See also List of United Kingdom disasters by death toll Blessing of Burntisland Black Swan Project Notes References Lavery, Brian (2003) The Ship of the Line - Volume 1: The development of the battlefleet 1650-1850. Conway Maritime Press. . External links Projectplan of the deep ocean shipwreck recovery company Website of Odyssey Marine Exploration with updated information The Story of a Shipwreck lost off Gibraltar in 1694 El Mundo, Chronica - Spanish objections Ships of the line of the Royal Navy Shipwrecks in the Mediterranean Sea European windstorms Treasure from shipwrecks 1690s ships Maritime incidents in 1694