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LSDefine

Simple English definitions for legal terms

salvage award

Read a random definition: supplemental surety

A quick definition of salvage award:

A salvage award is a reward given to someone who helps save a ship or its cargo from danger. This reward is not based on any agreement or contract, but is given as a way to encourage people to help save lives and property. The amount of the reward is usually decided by a court. Sometimes, the salvage award is also used to describe the property that is saved after a fire or other loss, which may be kept by an insurance company that has compensated the owner for the loss.

A more thorough explanation:

A salvage award is a compensation given to a person who helps save a ship or its cargo from shipwreck, capture, or other loss. This reward is payable by the shipowner or the owners of goods carried in the ship to the person who saves the property. The right to salvage is an ancient rule of maritime law and is not based on contractual rights.

For example, if a ship is sinking, and a person helps to rescue the crew and cargo, they may be entitled to a salvage award. The amount of the award is usually assessed by the court, but sometimes an express agreement is made before the assistance is rendered.

Another example is when a fire damages a property, and the insurance company compensates the owner for the loss. The remaining property that is saved from the fire is called salvage, and the insurance company may retain it.

Overall, a salvage award is a form of compensation given to those who voluntarily render their services to save life and property. It is a reward to encourage others to undertake the saving of life and property.

salva gardia | salvage charges

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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