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FrançaisA 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 MoreFree 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 MoreFree 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 MoreFree trade
System in which goods, capital, and labour flow freely between nations, without barriers that could hinder the trade process. Many nations have free trade agreements, like NAFTA (North America Free Trade Agreement, between Canada, United States and Mexico) and several international…
Read MoreFree trade
System in which goods, capital, and labor flow freely between nations, without barriers which could hinder the trade process. Many nations have free trade agreements, like NAFTA (North America Free Trade Agreement, between Canada, United States and Mexico) and several international…
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