Right of a salvor to hold the property that has been saved pending payment of the salvage award. Under the Lloyd’s Form of Salvage Agreement the lien is discharged when the owner of the salved property provides a general average deposit, general average guarantee or some other form of general average security. See IN REM.
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A right enjoyed by a party to a marine adventure whereby he may retain the property of another as security against payment of a debt relating to the adventure.