Free of particular average
From Supply Chain Management Encyclopedia
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| - | '''Free of particular average (FPA)''' means a marine insurance term meaning that the assurer will not allow payment for partial loss or damage to cargo shipments except in certain circumstances, such as stranding, sinking, collision or fire <ref> </ref>. | + | '''Free of particular average (FPA)''' means a marine insurance term meaning that the assurer will not allow payment for partial loss or damage to cargo shipments except in certain circumstances, such as stranding, sinking, collision or fire <ref> </ref>. The word “average,” in insurance terms, refers to the extent of coverage. |
| - | See also [[particular average]], [[maritime insurance]] | + | See also [[particular average insurance]], [[maritime insurance]] |
=='''References'''== | =='''References'''== | ||
Revision as of 00:00, 25 July 2011
Free of particular average (FPA) means a marine insurance term meaning that the assurer will not allow payment for partial loss or damage to cargo shipments except in certain circumstances, such as stranding, sinking, collision or fire [1]. The word “average,” in insurance terms, refers to the extent of coverage.
See also particular average insurance, maritime insurance
