Printer Friendly
The Free Dictionary
966,567,115 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Salvors

   Also found in: Dictionary/thesaurus 0.04 sec.

SALVORS, mar. law. When a ship and cargo, or any part thereof, are saved at sea by the exertions of any person from impending perils, or are recovered after an actual abandonment or loss, such persons are denominated salvors; they are entitled to a compensation for their services, which is called salvage. (q.v.)
     2. As soon as they take possession of property for the purpose of preserving it, as if they find a ship derelict at sea, or if they recapture it, or if they go on board a ship in distress, and take possession with the assent of the master or other person in possession, they are deemed bona fide possessors, and their possession cannot be lawfully displaced. 1 Dodson's Rep. 414. They have a lien on the property for their salvage, which the, laws of all maritime countries will respect and enforce. Salvors are responsible not only for good faith, but for reasonable diligence in their custody of the salvage property. Story, Bail. Sec. 623.


?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? References in periodicals archive
Because of the difficulties in some salvage operations, salvors may tell you they do not know what the cost will be but will instead make a salvage claim afterwards.
Supreme Court case for Melvin Fisher, and Fisher's company, Treasure Salvors, Inc.
Because of the difficulties in some salvage operations, salvors may tell you they do not know what the cost will be but will instead make a salvage claim afterwards.
 
Legal browser? ? Full browser
 
 
Legal Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.