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Related to Salvors: salvage operation, salvers

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.

References in periodicals archive ?
Of greater interest for the purpose of this article are salvage agreements relating to the wrecks of some historic naval vessels over which the Crown would have been able to assert sovereignty against the claims of salvors.
In 2004, after some proceedings in other fora, Salvors filed an ICSID case under the Malaysia--UK BIT.
There are three necessary elements for a pure salvage claim: (1) there must be a marine peril (defined as an event placing the vessel at risk of loss or damage); (2) the salvors must be successful, in whole or in part, in saving the vessel or its cargo; and (3) the salvage services must be voluntarily rendered.
property," (232) it provides profit (233) to the salvor.
15) The Guidelines do not address the rescue of persons lost at sea, but they contain provisions both for masters and salvors with respect to a ship seeking access to a place of refuge and for coastal states evaluating whether to grant refuge.
A mom-and-pop industry began to develop, usually people who signed on as salvors just so they could buy an airplane to rebuild or for the parts to keep their personal airplane flying.
In Part I, this Article considers (1) whether historic shipwrecks should be afforded absolute protection as underwater cemeteries, (17) (2) the monetary value placed on historic shipwrecks by salvors, (18) and (3) the struggle between salvors and archaeologists over the proper treatment of historic shipwrecks.
But the law doesn't address wrecks farther out to sea, and lawyers for commercial salvors have steadily whittled away at the legal definition of abandonment.
Steamship African Queen dealt with which of two rival salvors were to be granted title to shipwrecked property.
Treasure Salvors,(37) the Ninth Circuit indicated that, if the Coeur d'Alene Tribe prevailed on its ownership claims, the relief against state officers would not bind the State (or its agencies),(38) which would evidently allow the State to bring its own quiet title action against the tribe.
Salvors are often involved in losses where stock or inventory is damaged because they are familiar with damage factors and can assist in minimizing the loss.
19) Accordingly, the Ninth Circuit held that Treasure Salvors allowed the Tribe to seek all "relief [against state officials] other than relief that would foreclose the State's claim [to ownership] in future judicial proceedings.