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Question

'Salvage Charges' is related to ________________.

A
Life Insurance
B
None of the above
C
Marine Insurance
D
Fire Insurance
Solution
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Correct option is B. Marine Insurance

Salvage charges mean the charge recoverable under maritime law by a salver separately of contract. They do not include the payment of services in the natural world of salvage render by the guaranteed or his agents, or any person employed for hire by them, for the reason of averting a peril insured against. Such expenses were properly incurred, may be improved as exacting charges or as a general average loss, according to the situation under which they were incurred.

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