SALVAGE AGREEMENT 

___________________, referred to as OWNER, and ________________
_______________, referred to as SALVAGE  COMPANY, agree:

On ____________________, OWNER suffered a loss due to __________
which damaged items  generally described as:

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SALVAGE COMPANY agrees to take immediate custody of the salvage 
items and to take and sell the same in a manner which SALVAGE 
company deems most advantageous. If SALVAGE COMPANY determines 
that as to any part of the items, the cost of removal will exceed 
the probably recovery, SALVAGE COMPANY shall give notice of 
intent to abandon. 

SALVAGE COMPANY shall receive a commission of ____% of the sale
proceeds and shall retain the same until directed by OWNER as to 
distribution of the same.


Dated: _______________________ 



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