ABSTRACT
Compared to the abandonment described earlier, which is physically demonstrated ‘on the spot’ or ‘on the boat’91 by the master and crew in leaving the ship for good, an abandonment under this limb of s 60(1) is ‘later in time and different in quality’.92 Such an abandonment is made by the assured to the insurer. In as much as such a loss is grounded upon mathematical calculations, it is similar to a constructive total loss under s 60(2)(ii) and 60(2)(iii) in relation to ship and goods, respectively. As can be seen shortly, this part of s 60(1) is of particular relevance as regards the loss of voyage or adventure in relation to insurance on goods.
