Online Encyclopedia
Make a correction
Your email address will not appear on the site. Note, comments may take some time to be approved.
Back to article:
ABANDONMENT IN MARINE INSURANCE
Your email:
Article name:
Article content:
ABANDONMENT IN MARINE INSURANCE iS the surrender of the ship or goods insured to the insurers, in the case of a constructive total loss of the thing insured. For the requisites and effects of abandonment in this sense see INSURANCE, MARINE.