free of particular average - FPA: Type of marine insurance which does not cover partial loss and damage.
For instance, when WPA3% cover is taken out, a particular average loss under 3% of the insured amount will not be recoverable but one amounting to or exceeding 3% of the insured amount will be paid.
Insurance free of(from) particular average(FPA).
W: Then am I right in understanding that FPA doesn't cover partial loss for the nature of particular average.
particular average and general average loss
The F.P.A. doesn't cover partial loss of the nature of particular average.
Particular charges are not included in particular average.
A. clause, because in the event of maritime accidents encountered in transit, such as stranding, fire, explosion or collision, both clause will cover particular average losses in full.
"In present day particular, a WPAIOP cover, that is, "With Particular Average Irrespective of percentage"is not infrequently granted, in which case all particular average losses of an accidental nature will be recoverable and the protection will be much wider than the FPA clause."
"Otherwise, the protection under the FPA clause will be almost identical with that offered by the WPA clause, because in the event of maritime accidents being encountered in transit, such as stranding,fire, explosion or collision, both clauses will cover particular average losses in full."
Well, I know F. P. A. stand for free of particular average.
insurance with particular average (WPA), basic risks. insurance against all risks.
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