Salvage - Law Dictionary Search Results

Home Dictionary Name: salvage

Salvage

salvage allowance or compensation made by maritime law to those by

fixed asset at the end of its useful life note salvage value is used in calculating depreciation

salvage loss the difference between the amount of salvage after deducting

salvage 1 a compensation paid for saving a ship or its

insurance policies which does not cover general average contributions or salvage see english marine insurance act 1906 s 78 2 4

res but it is strictly confined to services such as salvage supply of necessaries to the ship and seamen s wages

lost property to an insurer as a total loss compare salvage e relinquishment by a trustee in bankruptcy of interest in

the act of saving a vessel goods or life from perils of the sea

free from particular average in marine insurance policies as to salvage loss and generally see tits adjustment insurance and constructive total

be regarded as a competent body of a member state salvage association in re 2004 1 wlr 174 ch d

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