Particular average PA

Term · Insurance and risk management · MLC-T-INS-002501

A partial loss or damage to insured property in marine insurance that is borne solely by the owner of the property or their insurer, without contribution from other parties to the voyage. This contrasts with general average, where all parties with an interest in the voyage contribute to a loss incurred for the common safety. Particular average losses are typically covered under specific clauses in a marine cargo or hull policy.

Table 1. Record
Identifier	MLC-T-INS-002501
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002501",
  "term": "Particular average PA",
  "field": "Insurance and risk management",
  "definition": "A partial loss or damage to insured property in marine insurance that is borne solely by the owner of the property or their insurer, without contribution from other parties to the voyage. This contrasts with general average, where all parties with an interest in the voyage contribute to a loss incurred for the common safety. Particular average losses are typically covered under specific clauses in a marine cargo or hull policy.",
  "url": "https://mlchart.com/terminology/insurance/particular-average-pa/"
}

Record 2,502 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.