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jettison |
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jettison (jĕt`əsən, –zən) [O.Fr.,=throwing], in maritime law, casting all or part of a ship's cargo overboard to lighten the vessel or to meet some danger, such as fire. Such cargo, when found later, is known as jetsam (see flotsam, jetsam, and ligan flotsam, jetsam, and ligan (flŏt`səm, jĕt`səm, lī`gən) [O.Fr. ..... Click the link for more information. ). The master of the ship has the absolute right to jettison cargo when he reasonably believes it to be necessary, and the owners of the ship incur no liability. If the vessel carries goods of more than one shipper, the rule of general average provides for apportioning the loss among all the shippers because all have benefited by the master's action. On the other hand, if some cargo is lost by accident, the shippers who suffered no loss do not contribute to indemnification. |
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After all, companies large and small have been jettisoning their defined benefit plans for years. Swaying votes for the plan: Extension of the Milk Income Loss Contract (MILC) program (cost of $1 billion) and jettisoning of $574 million in cuts to food stamps. They harness the dynamism found in some of the artist's strongest past work while jettisoning much of the cuteness that sometimes hindered the weakest. |
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