in Marine Insurance, is the surrendering of the ship or goods insured, to the insurers, in consequence of damage or loss sustained from any of the causes insured against. In every case of loss or damage from these causes, the insured is not entitled to abandon, but only when serious injury has been sustained; as where the voyage is lost or not worth pursuing, and the projected adventure frustrated, or where the thing insured is so damaged and spoiled as to be of little or no value to the owner. It was held that, where the damage sustained in a voyage was to the extent of forty-eight per cent. of the value of the vessel, the insured were not entitled to abandon. By abandonment all the rights of the insured are vested in the insurers, who thus become the legal owners of the vessel or goods, and are obliged to pay the full amount of the insurance. The insured must intimate his intention to abandon, within a reasonable time after receiving intelligence of the loss; any unnecessary delay being held as an indication of his intention not to abandon. An abandonment when once made is irrevocable; but in no circumstances is the insured obliged to abandon. In the case of shipwreck or other misfortune, the captain and crew are bound to do all in their power to save the property, without prejudice to the right of abandonment; for which they are entitled to wages and remuneration from the insurers, at least so far as what is saved will allow. (See Marshall and Park, on the Law of Insurance.)