Salvage
the act of saving a ship or goods from extraordinary danger, as from fire, the sea, an enemy, pirates, or the like. In commercial and maritime law: (1) A payment or compensation to which those persons are entitled who have by their voluntary efforts saved ships or goods from extraordinary danger, as from fire, the sea, an enemy, pirates, or the like. The amount of salvage to be paid lvors is generally agreed on between the salvors and the owners of the property salved; but if they cannot agree, the sum to be paid, and the proportions in which it shall be paid, are determined by the Admiralty Court. The crew of a ship are not entitled to any salvage for any extraordinary efforts they may make in saving their own vessel. (2) The property saved from extraordinary danger by the voluntary efforts of the salvors.