soap
14:18
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
salvager
Read a random definition: custodial account
A quick definition of salvager:
A salvager is someone who helps save a ship and its cargo from danger or loss. They are also called salvors. A salvor is someone who offers their help without being asked and without any agreement to do so. They do it because they want to help. They don't have to want to keep the ship or cargo, they just want to help save it.
A more thorough explanation:
Definition: A salvager, also known as a salvor, is a person who saves a ship and its cargo from danger or loss. They are entitled to receive compensation for their services, known as salvage.
For example, if a ship is stranded on a reef and a salvager comes to its rescue, they may be entitled to a percentage of the value of the ship and its cargo as compensation for their efforts.
To be considered a salvager, a person must provide useful services voluntarily, without any pre-existing contract or obligation to do so. They must have the intention and ability to save the distressed property, but do not necessarily have to intend to acquire it.