„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:
Insurance and Risk ManagementView all itemsGibson, C.J. (1988). Maritime Law in a Nutshell. St. Paul, MN: West Publishing Co.