Juridical Dictionary

This dictionary contains:
8526
juridical terms

Salvage charges




Salvage charges

The expenses incurred to remunerate services rendered to a ship and cargo, which have prevented its being a total loss.

RELATED TERMS
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Ship
This word, in its most enlarged sense, signifies a vessel employed in navigation; for example, the terms the ship's papers, the ship's hushand, shipwreck, and the like, are employed whether the vessel referred to be a brig, a sloop, or a three-masted vessel.

Cargo
Maritim law. The entire load of a ship or other vessel.

Total
Complete; containing the whole; as the total amount of an account is all the items of such account added together; total incapacity, is an absolute and complete incapacity to do a thing. A married woman is totally incapable to make a contract, because, although having intelligence, she has not legal capacity and an idiot is totally incapable to enter into a contract, because he has no will.

Loss
contracts. The deprivation of something which one had, which was either advantageous, agreeable or commodious.



SIMILAR TERMS
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Salvage
Maritime law. This term originally meant the thing or goods saved from shipwreck or other loss; and in that sense it is generally to be understood in our old books. But it is at present more frequently understood to mean the compensation made to those by whose means the ship or goods have been saved from the effects of shipwreck, fire, pirates, enemies, or any other loss or misfortune.

Salvage convention
The International Convention on Salvage, adopted by the IMO (supra) at London on April 28, 1989 and in force as of July 14, 1996.

Salvage loss
By salvage loss is understood the difference between the amount of salvage, after deducting the charges, and the original value of the property.

Salvors
Maritime 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.

Salvus plegius
Safe pledge. A surety given that a man shall appear upon a certain day.



PREVIOUS AND NEXT TERMS
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Sales comparison approach
A set of procedures in which an appraiser derives a value indication by comparing the property being appraised to similar properties that have been sold recently, applying appropriate units of comparison, and making adjustments, based on the elements of comparison, to the sale prices of the comparables.

Salique law
The name of a code of laws so called from the Salians, a people of Germany, who settled in Gaul under their king Phararaond.

Salting cash
Testing accounts receivable employee honesty by placing some cash in the customer receivables process to see if it is reported as cash or stolen.

Salus populi, suprema lex
The welfare of the people is the highest law.

Salvage
Maritime law. This term originally meant the thing or goods saved from shipwreck or other loss; and in that sense it is generally to be understood in our old books. But it is at present more frequently understood to mean the compensation made to those by whose means the ship or goods have been saved from the effects of shipwreck, fire, pirates, enemies, or any other loss or misfortune.

Salvage charges

Salvage convention
The International Convention on Salvage, adopted by the IMO (supra) at London on April 28, 1989 and in force as of July 14, 1996.

Salvage loss
By salvage loss is understood the difference between the amount of salvage, after deducting the charges, and the original value of the property.

Salvors
Maritime 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.

Salvus plegius
Safe pledge. A surety given that a man shall appear upon a certain day.

Sample
Contracts. A small quantity of any commodity or merchandise, exhibited as a specimen of a larger quantity called the bulk.

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This dictionary contains 8526 terms.







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