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    Is ownership lost if a ship sinks to the bottom of the ocean?

    Question #25276. Asked by Bennett.

    Tented

    No, although the owner has certain obligations within 30 days otherwise it may be considered 'abandoned'. If an insurance company pays out, they become the owners. It's a complex area and you need to check the regulations for a definitive answer

    Dec 17 02, 4:54 PM

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