Except as otherwise provided
for in the contract, the carrier's liability shall be deemed to have
been terminated in any of the following circumstances:
(a) If the carrier or his or her agent carries and hands over
the goods to the owner of the goods or his or her agent
or the person designated by him or her,
(b) If the goods handed over to the carrier are taken back
by the owner of the goods or his or her agent prior to
the carriage thereof,
(c) If the carrier or his or her agent returns the goods to the
owner of the goods or his or her agent specifying the
reason that the goods cannot be carried within the
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specified time because of the circumstance referred to
in clause (b) of sub-section (2) of Section 531.