SALVORS definition

SALVORS





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1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  SALVORS, mar. 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. (q.v.) 
       2. As soon as they take possession of property for the purpose of 


  preserving it, as if they find a ship derelict at sea, or if they recapture 
  it, or if they go on board a ship in distress, and take possession with the 
  assent of the master or other person in possession, they are deemed bona 
  fide possessors, and their possession cannot be lawfully displaced. 1 
  Dodson's Rep. 414. They have a lien on the property for their salvage, which 
  the, laws of all maritime countries will respect and enforce. Salvors are 
  responsible not only for good faith, but for reasonable diligence in their 
  custody of the salvage property. Story, Bail. Sec. 623. 
  
  

















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