Salvors


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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 ?
In 2004, after some proceedings in other fora, Salvors filed an ICSID case under the Malaysia--UK BIT.
The purpose of salvage (106) is to "accord the salvor a right
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.
In the case of the Central America the judge evidently felt that the salvors had worked to a good archaeological standard.
89, 104-05 (1984), distinguished Treasure Salvors by asserting that the claim of the state to the property in Treasure Salvors was not colorable and thus its officers were acting beyond their authority under state law.
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.
Would fly-by-night salvors pillage willy-nilly, blasting the historic hull apart to sack it for valuables?
Jet skiers, divers, fishermen, ocean freighter operators, treasure salvors, and boaters all exert pressure on Florida Keys marine resources.
A tour of the Key West offices ofFisher's company, Treasure Salvors, reveals why.
The book is an essential guide for marine lawyers worldwide, students, shipowners, ship managers, salvors, shipbrokers, mortgagees, P&I Clubs, shipbuilders, port authorities, classification societies, regulators and other shipping and risk management professionals.