the 'Salvage' award

A 'Salvage' award is a reward given to a person or company that helps save property or vessels from damage or loss at sea, especially during emergencies. If someone successfully recovers a ship, cargo, or property from danger without abandoning it, they may be entitled to a salvage award. This reward compensates for their effort, skill, and risk involved in the rescue. The amount is typically calculated based on the value of what they've saved, their contribution, and the level of danger faced, encouraging effective efforts to prevent total loss.