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Salvage convention
Salvage conventionThe International Convention on Salvage, adopted by the IMO (supra) at London on April 28, 1989 and in force as of July 14, 1996. RELATED TERMS-------------------------------------- International That which pertains to intercourse between nations. International law is that which regulates the intercourse between, or the relative rights of nations. Convention 1) Contracts, civil law. A general term which comprehends all kinds of contracts, treaties, pacts, or agreements. It is defined to be the consent of two or more persons to form with each other an engagement, or to dissolve or change one which they had previously formed. 2) , legislation. This term is applied to a selecting of the delegates elected by the people for other purposes than usual legislation. It is mostly used to denote all assembly to make or amend the constitution of, a state, but it sometimes indicates an assembly of the delegates of the people to nominate officers to be supported at an election. 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. SIMILAR TERMS-------------------------------------- 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 The expenses incurred to remunerate services rendered to a ship and cargo, which have prevented its being a total loss. 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-------------------------------------- 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 The expenses incurred to remunerate services rendered to a ship and cargo, which have prevented its being a total loss. Salvage convention 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. Sanction That part of a law which inflicts a penalty for its violation, or bestows a reward for its observance. Sanctions are of two kinds, those which redress civil injuries, called civil sanctions; and those which punish crimes, called penal sanctions. We thank you for using the Juridical Dictionary to search for Salvage convention. If you have a better definition for Salvage convention than the one presented here, please let us know by making use of the suggest a term option. This definition of Salvage convention may be disputed by other professionals. Our attempt is to provide easy definitions on Salvage convention and any other medical topic for the public at large.
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