salvage

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Related to salvagers: salvage operation, salvors

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 ?
Every thing that is actually said the salvagers would invert as irony.
The salvagers will do a model on their computers, looking at suitable plans.
Salvagers planned to tug the boat five miles to Ventura Harbor, said Chris Grisafe, a spokesman for the U.
The Navy has several hundred divers and salvagers, said Wilkins.
For example, salvagers fear that operations that result in pollution or unintended damages could expose them to legal liability.
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.
The vessel had sustained a 30 to 50 ft crack in the hull below the waterline which made it unable to proceed under its own power while salvagers sought a port to do repairs or transfer the oil to another vessel.
Attempts by salvagers to tow it to safety failed after both Spain and Portugal refused to allow the ship to dock.
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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.