Introduction

“Salvage law has as a basis that a salvor should be rewarded for risking his life and property to rescue the property of another from peril. Salvage law is in some ways similar to the wartime law of prize, the capture, condemnation and sale of a vessel and its cargo as a spoil of war, insofar as both compensate the salvor/captors for risking life and property. The two areas of law may dovetail. For instance, a vessel taken as a prize, and then recaptured by friendly forces on its way to the prize adjudication, is not deemed a prize of the rescuers (title merely reverts to the original owner). But the rescuing vessel is entitled to a claim for salvage. Likewise a vessel found badly damaged, abandoned and adrift after enemy fire disabled her does not become a prize of a rescuing friendly vessel, but the rescuers may claim salvage.”

-- Wikipedia: Marine Salvage

Sal×vage

Sal×vage (transitive verb) 

3.  save something from destruction To save a ship, cargo, crew, or other property or goods from destruction or loss (often passive).· They salvaged what they could from the wreckage.

Sal×vage (noun) 

2.  rescue of ship from sea           

The rescue of a ship, its cargo, or crew from loss at sea. 

3.  rescued goods           

Something that has been saved from destruction or loss. 

4.  something reused Something that would otherwise be destroyed or discarded but is recycled or put to further use.