{"@context":"https://schema.org","@type":"DefinedTerm","name":"abandonment","description":"Abandonment in transport law is the formal relinquishment of cargo by its owner or another entitled party—triggered when a consignee refuses delivery, damage makes recovery economically unviable, or accruing storage charges exceed the goods' residual value. In marine insurance, abandonment carries particular legal weight: the insured may cede the damaged property to the insurer and claim the full insured value, provided the conditions for a constructive or actual total loss are met. In general f","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/abandonment","inLanguage":"en","dateModified":"2026-06-26T22:01:35.562051","citation":"https://www.freightos.com/resources/glossary/abandonment/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/abandonment","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"abandonment · Abandonment in transport law is the formal relinquishment of cargo by its owner or another entitled party—triggered when a consignee refuses delivery, damage makes recovery economically unviable, or accruing storage charges exceed the goods' residual value. · Quelle: https://www.freightos.com/resources/glossary/abandonment/"}