Glossary

Salvage

Tags: Glossary

The process of recovering and selling damaged or distressed goods.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What does Salvage mean?

Salvage refers to the process of recovering value from damaged, lost, or abandoned goods. Salvage can involve various activities, such as repairing, repurposing, reselling damaged goods or selling unclaimed goods at auction. Salvage helps to reduce waste and recover value from goods that would otherwise be discarded or written off as losses. 

Related Glossary terms

Lagan

Laden

Lading

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