Maritime Act Article 142

Law:: Maritime Act
Chinese:: 海商法第142條

Abandonment in marine insurance means an act of the assured, where incurring the cases as provided in Articles 143 to 145, transfers all the rights and interests of the subject-matter insured to the insurer and demand the full amount insured of the subject-matter insured.

中文原文海商法第142條

海上保險之委付，指被保險人於發生第一百四十三條至第一百四十五條委付原因後，移轉保險標的物之一切權利於保險人，而請求支付該保險標的物全部保險金額之行為。

English translation for reference only; the Chinese text prevails. Not legal advice.