https://www.taxtmi.com/news?id=71818 Marine insurance distinguishes partial loss from total loss, including particular average loss, general average loss, actual total loss and constructive total loss. Abandonment allows the insured to relinquish rights in damaged or lost cargo or vessel to the insurer and claim the insured value when recovery or repair is not commercially viable. The claim process depends on prompt notice, formal relinquishment, supporting documents, surveyor assessment and verification under the policy terms. en-us Thu, 26 Mar 2026 14:16:02 +0530 Thu, 26 Mar 2026 14:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71818 Marine insurance distinguishes partial loss from total loss, including particular average loss, general average loss, actual total loss and constructive total loss. Abandonment allows the insured to relinquish rights in damaged or lost cargo or vessel to the insurer and claim the insured value when recovery or repair is not commercially viable. The claim process depends on prompt notice, formal relinquishment, supporting documents, surveyor assessment and verification under the policy terms. News - Thu, 26 Mar 2026 14:16:02 +0530 https://www.taxtmi.com/news?id=71818