„Salvage“

What does Salvage stand for?

1. Compensation paid for the rescue of a ship, its cargo or passengers from the perils of the sea;

2. or, the act of saving a ship or its cargo from possible loss;

3. or, property saved from a wreck or fire.

Source:

Gibson, C.J. (1988). Maritime Law in a Nutshell. St. Paul, MN: West Publishing Co.

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