Is the narrowest form of Marine Cargo insurance in common use. Nowadays referred to as Institute Cargo Clauses C cover, it provides that as well as total losses; partial losses resulting from perils of the sea are recoverable, but only in the event that the carrying vessel has stranded, sunk, burnt, been on fire or been in collision.
See Marine Cargo Insurance.
A largely obsolete marine insurance expression. Where it is used insurers are not liable for partial damage other than a general average loss.
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.
A marine insurance term denoting that partial losses are not insured unless caused by the vessel being sunk, stranded, burned, on fire, or in a collision.
A marine insurance clause relating to the recoverability of partial and total losses from perils of the sea. The American and English coverages vary as follows: 1 -American Conditions (FPAAC). The underwriter does not assume responsibility for partial losses unless caused by sinking, stranding, burning, or colliding with another vessel. 2 -English Conditions (FPAEC). The underwriter assumes responsibility for partial losses if the vessel is sunk, stranded, burned, on fire, or in collision, even though such an event did not actually cause the damage suffered by the goods.
