Free of particular average FPA

Term · Insurance and risk management · MLC-T-INS-001593

A marine insurance clause that limits the insurer's liability for partial losses to specific circumstances, typically excluding minor or partial damage to cargo unless the vessel is stranded, sunk, burned, or in collision. This clause reduces the premium by transferring the risk of small, isolated damages to the insured. It is a more restrictive form of coverage than 'with average' (WA).

Table 1. Record
Identifier	MLC-T-INS-001593
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001593",
  "term": "Free of particular average FPA",
  "field": "Insurance and risk management",
  "definition": "A marine insurance clause that limits the insurer's liability for partial losses to specific circumstances, typically excluding minor or partial damage to cargo unless the vessel is stranded, sunk, burned, or in collision. This clause reduces the premium by transferring the risk of small, isolated damages to the insured. It is a more restrictive form of coverage than 'with average' (WA).",
  "url": "https://mlchart.com/terminology/insurance/free-of-particular-average-fpa/"
}

Record 1,494 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.