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The definition of boat salvage is “saving property in peril at sea and reducing environmental damage.” Salvage is also “all the actions taken aboard and ashore to resolve a marine casualty and to save property in peril at sea.” There are four items that must be present for any situation to be considered a salvage: Peril The definition of boat salvage is “saving property in peril at sea and reducing environmental damage.” Salvage is also “all the actions taken aboard and ashore to resolve a marine casualty and to save property in peril at sea.” There are four items that must be present for any situation to be considered a salvage: Peril Salvage is a more involved process that can entail marine peril. The boat may have run aground, caught fire, or had a mechanical breakdown or equipment failure. It may have suffered …Used New Boat Parts for sale & Marine Salvage Yard. All Fresh water. 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