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 ?
It also pleaded with other divers and salvagers to leave the wreckage intact.
Now the retired salvager could pocket over pounds 2 million if the missing gold is in the safe which he hopes to raise over the next few weeks.
NEW YORK -- A 19th-century schooner at the bottom of Lake Erie that salvagers claim played a critical role in the War of 1812 and was later an Underground Railroad freedom boat belongs to New York state rather than the salvagers who found it, a federal appeals court said Thursday.
SALVAGERS will work around the clock, seven days a week for a year to refloat the stricken cruise liner Costa Concordia.
The ship's owner, Costa Cruises, said salvagers would complete operations to pump more than 2,300 tonnes of fuel out of the capsized vessel on Friday, removing the threat of an oil spill in the surrounding marine reserve.
For the salvagers, the Costa Concordia poses one of the most daunting recovery tasks ever tackled, as they decide whether to either make it seaworthy again, dismember it for scrap, or even sending it to the bottom.
The salvagers, by contrast, intent on rescuing Shakespeare from himself, constitute a much larger and more diverse cohort than the savagers.
Particularly popular spots for the salvagers were the mouths of the Awwali and Siniq rivers, choked with wood and timber that had been washed down from the mountains.
Required to relinquish artifacts located on government property, the salvagers surrendered Bertrand's cargo to the U.
Depending on the report from salvagers, the Department of the Defence may opt to hire or even buy the Jeannie Johnstone famine ship to use as a national sail training vessel.
To be sure, veteran salvagers have come up with a $16.
A team of salvagers went aboard on Saturday and spent around 90 minutes assessing the vessel and its cargo.