salvage loss
11Loss payee clause — A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in relation to the insured risk, payment will be made to a third party rather than to the… …
12salvage — salvageable, adj. salvageability, n. salvager, n. /sal vij/, n., v., salvaged, salvaging. n. 1. the act of saving a ship or its cargo from perils of the seas. 2. the property so saved. 3. compensation given to those who voluntarily save a ship or …
13salvage — 1) Goods, property, etc. , saved from a shipwreck or from a fire. If a cargo is treated as a total loss for insurance purposes, there still may be salvagable items that have a salvage value; these may be sold by the insurers or allowed for in the …
14salvage — / sælvɪdʒ/ noun 1. the work of saving a ship or a cargo from being destroyed 2. goods saved from a wrecked ship, from a fire or from some other accident ● a sale of flood salvage items (NOTE: no plural) ■ verb 1. to save goods or a ship from… …
15salvage — n. & v. n. 1 the rescue of a ship, its cargo, or other property, from loss at sea, destruction by fire, etc. 2 the property etc. saved in this way. 3 a the saving and utilization of waste paper, scrap material, etc. b the materials salvaged. 4… …
16salvage — verb 1》 rescue (a ship or its cargo) from loss at sea. 2》 retrieve or preserve from loss or destruction. noun 1》 the process of salvaging. 2》 the cargo saved from a wrecked or sunken ship. ↘Law payment made or due to a person who has saved a… …
17LOSS — • LandingObserver Signal System • Large Object Salvage System ( > IEEE Standard Dictionary ) …
18LOSS — [1] LandingObserver Signal System [2] Large Object Salvage System ( > IEEE Standard Dictionary ) …
19salvage — A reward for services successfully rendered in saving property from maritime danger by one under no obligation or duty to render the services. Three States Lumber Co. v Blanks (CA6 Tenn) 133 F 479. The compensation allowed to persons by whose… …
20Marine salvage — Salvor redirects here. For other uses, see Salvor (disambiguation). Admiralty law …
