What does a salvage clause typically provide for?

A salvage clause typically provides for compensation to those who have rescued a ship or its cargo after it is in distress. This clause is an essential part of maritime law and is designed to incentivize rescuers by ensuring they receive a reward for their efforts in recovering property that could otherwise be lost at sea.

In practical terms, when a ship is in peril, individuals or other vessels may attempt to salvage it, and this clause ensures they can claim compensation for their services. This system encourages prompt action in salvaging boats and cargo, which can ultimately help to reduce overall losses in maritime situations.

The other choices relate to aspects of property loss and ownership but do not accurately describe the specific function of a salvage clause as it pertains to maritime practice. For example, discussing total loss payments or damage returns pertains more to general insurance or property claims, rather than the specialized context of salvage in maritime law.