Doubt in customs

Originally posted by : Satya
	can anybody tell me the exact meaning of derelict,flotsam,jatsam,wreck ?Thanks in advance

> Derelict is a term applied to any property, whether vessel or cargo, left or abandoned in open sea by persons in charge of it without any hope of recovering or intention of returning to it.
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> Jetsam is where the goods are thrown into the sea with a view to lighten the ship in order to prevent it from sinking.
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> Floatsam is where the goods having been at sea in a ship, are separated from it by some peril. The property in this case is not renounced by the owner by throwing them overboard and the owner is entitled to recover the possession.
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> Wreck refers to the property cast ashore within the ebb and flow of the tide after shipwreck. The property involved may be a ship, cargo or portion thereof.