Salvage Law
/ˈsæl.vɪdʒ lɔː/
Definitions
- (n.) The body of law governing the compensation and rights of parties who recover property or vessels from peril at sea or other navigable waters.
Under salvage law, a salvor is entitled to a reward proportionate to the value of the salvaged property and the risk involved.
Related terms
Commentary
Salvage law is a specialized subset of admiralty law, balancing property rights and incentives for recovery efforts in maritime contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.