Salvage charges definition

Salvage charges means the charges recoverable under maritime law by a salvor independently of contract. They do not include the expenses of services in the nature of salvage rendered by the assured or his agents, or any person employed for hire by them, for the purpose of averting a peril insured against. Such expenses, where properly incurred, may be recovered as particular charges or as a general average loss, according to the circumstances under which they were incurred.
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Salvage charges means those reasonable charges and expenses which are incurred by You if neces‐ sary to prevent damage, injury or loss of life or to prevent or minimise any further loss or damage covered by Coverage A, Hull, Machinery, Equipment and Dinghy of this Insuring Agreement.
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Salvage charges means those reasonable charges and expenses which are incurred by you if necessary to prevent damage, injury or loss of life or to prevent or minimise any further loss or damage covered by Section A of your insuring agreement.
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Examples of Salvage charges in a sentence

  • GENERAL AVERAGEFor the purpose of claims for General Average contributions and Salvage charges recoverable hereunder, the subject matter insured shall be deemed to be insured for its full contributory value.

  • General Average and Salvage charges are payable as provided in the contract of affreightment, or if there be no contract of affreightment according to York/Antwerp Rules 1990 amended.

  • Salvage charges incurred in preventing a loss by any risk covered by this insurance and reasonable expenses incurred in averting or minimising a loss by such risks.

  • Salvage charges means costs incurred in recovering a marooned or disabled ship.You may be liable for these costs even if your caravan is not damaged.

  • General Average and Salvage charges payable according to Foreign Statement or to York Antwerp Rules if in accordance with the contract of affreightment, but only where the charges are payable in consequence of threat to a ship carrying Insured Property.

  • On 22nd April 2016, parties to the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Paris Agree- ment: a legally binding framework for tack- ling climate change.

  • All such Goods shall participate in General Average, Salvage charges and/or special charges.

  • Salvage charges will be levied @20% ad-valorem on the value of the salvaged goods.

  • Salvage charges incurred in preventing a loss by any risk covered by this insurance and expenses incurred in averting or minimising a loss by such risks.

  • At least, the claim towards Salvage charges was not payable because the same was rejected by Defendant No.2 and the adjudication done by Defendant No.2 in relation thereto being quasi-judicial in nature, the same claim now could not be agitated in the present suit without challenging the said adjudication under the provisions of the IBC, 2016.


More Definitions of Salvage charges

Salvage charges means the charges recoverable under maritime law by a salvor independently of contract. They do not include the expenses of services in the nature of salvage rendered by the assured or his agents, or any person employed for hire by them, for the purpose of averting a peril insured against. Such expenses, where properly incurred, may be recovered as particular charges or as a general average loss, according to the circumstances under which they were incurred. 66. General average loss.—
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Salvage charges means the charges recoverable under maritime law by a salvor independently of contract, but does not include the expenses of services in the nature of salvage rendered by–
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Salvage charges means those reasonable charges and expenses which may be incurred by you if necessary, to prevent or minimise damage, injury or loss of life and with our permission to prevent or minimise any further loss or damage covered by the Hull Section of this insuring agreement.
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Salvage charges means the charges recoverable under mari­ time law by a salvor independently of contract. They do not include the expenses of services in the nature of salvage rendered by the assured
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Salvage charges means the charges recoverable under maritime law by a salvor independently of contract. They do not include the expenses of services in the nature
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Salvage charges means the charges recoverable under maritime law by a salvor independently of contract.
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Related to Salvage charges

  • Usage Charges means the Charges for the Service or applicable part of the Service that are calculated by multiplying the volume of units that the Customer used or incurred in a period (e.g. number of users using the Service, or the number of minutes the Service was used for) with the relevant fee that is specified in the Online Order.

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Hire Charges means the rates and charges payable by You for the hire of the Equipment.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • Breakage Costs shall have the meaning set forth in Section 2.2.3(h) hereof.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.