salvage

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salvage,

in maritime law, the compensation that the owner must pay for having his vessel or cargo saved from peril, such as shipwreck, fire, or capture by an enemy. Salvage is awarded only when the party making the rescue was under no legal obligation to do so. A claim for salvage ordinarily is allowed if the salvor's activities had some effect in averting the threatened peril even if they were not indispensable. In the United States, salvage is granted for rescues made on navigable streams and lakes as well as on the open sea. Salvage includes a reward designed to encourage rescue operations besides the payment for the value of the services. In setting the amount of the salvage, courts consider relevant factors such as the expense and hazard of the rescue and the price of the ship or goods saved. Salvage is distributed by the court to the owner, the master, and the crew of the rescuing ship, usually according to fixed ratios. Salvage money is not payable to the captain and crew of ships commissioned by a government specifically for rescue operations.

Salvage

The controlled removal of construction or demolition debris, or other waste, from a permitted building or demolition site for the purpose of recycling, reuse, or storage for later recycling or reuse. Commonly salvaged materials include structural beams and posts, flooring, doors, cabinetry, brick, and decorative items.

salvage

In a building under repair or reconstruction, the saving of damaged or discarded material, for use or resale, which otherwise would be a total loss.

salvage

1. the act, process, or business of rescuing vessels or their cargoes from loss at sea
2. compensation paid for the salvage of a vessel or its cargo
References in periodicals archive ?
Monitoring the salvage market in order to match vehicles with salvagers who are looking for specific types of vehicles and parts.
It is the property of the Ministry of Defence and the Treasure but the salvagers are entitled to 95 per cent and the Treasury keep 5 per cent.
Most of the major fleet exercises test the Navy's significant investment programs, Wilkins said, but ignore salvagers and divers.
This exchange helps salvagers recover architectural treasures before they end up as landfill.
Even the military, however, isn't able to stop casual artifact collectors and commercial salvagers from picking over such sites.
Salvagers had raised all pieces by June 1864, but parties wrangled over liability.
Attempts by salvagers to tow it to safety failed after both Spain and Portugal refused to allow the ship to dock.
NBC ta1 = banc NBC ta2 = bacon, bench, bronc, bunco, cabin NBC-TV ta4 = vantbrace NBC-TV ta5 = incubative TV SPECIAL ta2 = copulatives, speculative LAS VEGAS tp = salvages LAS VEGAS ta1 = aasvogels, salvagees, salvagers, vassalage
The airline, which has currently only managed to recover small parts of the wreckage, has hired technical teams and divers from the Singapore office of US-based Global Industries, as Taiwanese divers and salvagers lack the equipment and training needed to recover the wreckage which lies under 60 metres of water.
Last Tuesday, when 45 put in some last-minute training, was 20 years to the day that 30 Argentine scrap metal salvagers landed on the Falklands and raised their national flag.
On August 8, 2000, through an extraordinary engineering feat, salvagers hoisted the sub from its watery grave to cheering crowds in Charleston (see "Raising the HUNLEY").
The newspaper reported unnamed "informed sources" as saying that the Contractor General Derrick McCoy ordered the probe after local commercial salvagers claimed that the granting of a license to Admiralty Corp.