Odd Language #238: Located How?

“HMAS AE1 (pictured), a Royal Australian Navy submarine lost at sea in 1914, is located off the Duke of York Islands.” — Wikipedia main page for 2017-12-30

The issue: Does the sentence mean that the submarine is at that place or that it was found at that place? It turns out to be the latter. The distinction might be clearer if you consider this sentence: “The submarine, lost at sea in 1914, was located in the maritime museum.” There, the two situations have been separated.

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