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You are here: Home / glossary / Salvage

Salvage

Salvage

Created OnFebruary 20, 2018
byCult of Sea
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To save a vessel or cargo from total loss after an accident; recompense for having saved a ship or cargo from danger.

The property which has been recovered from a wrecked vessel, or the recovery of the vessel herself.

Related:

  • Constructive Total Loss
  • Actual Total Loss
  • Dreadage or Dreading Clause
  • Arrived ship
  • General Average
  • Hog (Hogging)

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