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No, passengers were not issued a refund for the tickets. Survivors didn't get them, and relatives of people who died didn't get compensation. Some rich passengers died take the White Star Line to court for refunds and some did win, but there was no standard refund.

There was also no compensation for lost cargo and property, though there were some lawsuits for a select few.

In fact, some relatives of crew members who died were actually charged money- the White Star Line wanted them to pay for parts of the uniforms that were ruined when people died wearing them.

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