A B C D E F G I J K L M O P R S U W Y

Free of capture and seizure

A provision in standard commercial insurance coverage that exclude loss due to war and warlike acts. This peril can be mitigated by war risk coverage, which is usually available at an additional premium cost.

Read More

Free of particular average (FAP)

A type of marine cargo insurance providing minimal coverage. It corresponds to the Institute of London Underwriters “C” clauses. Free of particular average covers: Total or partial loss from stranding, sinking, burning or collision. Total loss from errors in vessel…

Read More

Free of particular average (FPA)

A type of marine cargo insurance providing minimum cover in the US market. London Institute of Underwriters “C” Clauses, offer virtually the same coverage in other markets. Free of particular average covers: Total or partial loss from stranding, sinking, burning…

Read More