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Having read the BATFE reg on this, I interpret it to mean ANY FFL must report to BATFE any lost or stolen gun within a very short time-period. So, even if it is a modern gun, my holding a C&R FFL means that I am obligated to report any lost gun and can use that same threat to make a shipper (or airline) pay attention to the issue. Personally I like this feature, as I never want my guns to go astray.