premio de salvamento

English translation: salvage award

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:premio de salvamento
English translation:salvage award
Entered by: Wendy Gosselin

16:43 Aug 23, 2020
Spanish to English translations [PRO]
Law/Patents - Law (general)
Spanish term or phrase: premio de salvamento
This is a creative project that revolves around a dispute over a found shipwreck
Wendy Gosselin
Argentina
Local time: 05:01
salvage award
Explanation:
Wikipedia;:
The legal significance of salvage is that a successful salvor is entitled to a reward, which is a proportion of the total value of the ship and its cargo. The amount of the award is determined subsequently at a "hearing on the merits" by a maritime court in accordance with Articles 13 and 14 of the International Salvage Convention of 1989. The common law concept of salvage was established by the English Admiralty Court, and is defined as "a voluntary successful service provided in order to save maritime property in danger at sea, entitling the salvor to a reward"; and this definition has been further refined by the 1989 Convention.
Selected response from:

patinba
Argentina
Local time: 05:01
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2salvage award
patinba


Discussion entries: 1





  

Answers


15 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
salvage award


Explanation:
Wikipedia;:
The legal significance of salvage is that a successful salvor is entitled to a reward, which is a proportion of the total value of the ship and its cargo. The amount of the award is determined subsequently at a "hearing on the merits" by a maritime court in accordance with Articles 13 and 14 of the International Salvage Convention of 1989. The common law concept of salvage was established by the English Admiralty Court, and is defined as "a voluntary successful service provided in order to save maritime property in danger at sea, entitling the salvor to a reward"; and this definition has been further refined by the 1989 Convention.

patinba
Argentina
Local time: 05:01
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1373
Grading comment
thanks

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM.: gets neatly round the conundrum of salvage pay vs. salvage payment vs. bonus.
3 hrs
  -> Thank you! , Adrian!

agree  Antonella Perazzoni
18 hrs
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