salvage lien

salvage lien
The lien of the salvors upon ship or cargo saved from a peril of the sea such securing the payment of salvage to them. 47 Am J1st Salv § 29. A maritime lien of the highest rank.

Ballentine's law dictionary. . 1998.

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  • salvage — In general, that portion of goods or property which has been saved or remains after a casualty such as fire or other loss. In business, any property which is no longer useful (e.g. obsolete equipment) but which has scrap value. In insurance, that …   Black's law dictionary

  • salvage — salvageable, adj. salvageability, n. salvager, n. /sal vij/, n., v., salvaged, salvaging. n. 1. the act of saving a ship or its cargo from perils of the seas. 2. the property so saved. 3. compensation given to those who voluntarily save a ship or …   Universalium

  • salvage — 1) Goods, property, etc. , saved from a shipwreck or from a fire. If a cargo is treated as a total loss for insurance purposes, there still may be salvagable items that have a salvage value; these may be sold by the insurers or allowed for in the …   Big dictionary of business and management

  • cargo lien — A lien on account of salvage, demurrage, general average, freight, or other maritime service or obligation. While the lien on cargo is frequently spoken of as a maritime lien, the prevailing view is that it has not such quality but is no… …   Ballentine's law dictionary

  • salvor's lien — Same as salvage lien …   Ballentine's law dictionary

  • Marine salvage — Salvor redirects here. For other uses, see Salvor (disambiguation). Admiralty law …   Wikipedia

  • Maritime lien — Admiralty law History …   Wikipedia

  • preferred maritime lien — A lien arising prior in time to the recording and indorsement of a preferred ship mortgage; or alien for damages arising out of tort, for wages of a stevedore when employed directly by the owner, operator, master, husband, or agent of the vessel …   Ballentine's law dictionary

  • Admiralty law — Hi …   Wikipedia

  • Vehicle history report — A vehicle history report in the US contains important information about a used vehicle’s past. These reports generally show title records from each state DMV, along with salvage and insurance total loss records and accident records (1, 2, 7).… …   Wikipedia

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