Abandon/ Abandonment : To relinquish or tender all rights of ownership of hull or cargo to insurers as the preliminary step to recovering an insurance claim for an actual or constructive total loss
Association of Marine Underwriters of San Francisco (AMUSF), Glossary of Marine Insurance and Shipping Terms, http://www.amusf.com/Definitions_A.htm, CA, USA 2011. (Mrtm Insur and Shipping - Amer) {575}