Abandonment 1
Abandonment 1 : (1) Proceeding where a carrier seeks authorization to stop service over all or part of its route/line or to give up ownership/control of cargo or vessel. (2) Shipper or consignee relinquishes damaged freight to carrier or refuses to accept delivery. (3) In marine insurance, giving up title to partly destroyed property to the insurers. (4) The act of relinquishing title to damaged or lost property in order to claim a total loss
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