See Insurance, Particular Average.
This is the loss to a ship, freight or cargo interest which is not shared by contribution from all the interests involved - as in general average - but is borne only by the owner whose interest has been lost or damaged.
A loss which falls on the particular property insured, as opposed to a "general average," which is a loss for the account of all interests.
a partial loss of the insured subject caused by a peril insured against, other than a general average loss
In ocean marine insurance, a concept providing that, where a portion of vessel or cargo is jettisoned to save the entire venture from peril at sea, the resulting loss is borne entirely by that individual owning the property that is damaged or sacrificed. No other interests contribute to payment of the loss. (Distinct from General Average.)
A term meaning an accidental and usually a partial loss suffered by one interest and not chargeable against others; see General Average.
Accidental partial loss of the subject matter insured proximately caused by an insured peril. In a freight at risk policy the term may be applied to a claim for loss of freight following particular average loss of goods.
Partial loss sustained by goods insured.
A particular loss caused by marine perils, other than a General Average loss.
In marine insurance, partial loss of or damage to the subject-matter of insurance.
A fortuitous partial loss to the subject matter insured, proximately caused by an insured peril but which is not a general average loss. Particular average only relates to damage and/or expenses which are exclusively borne by the owners of a vessel which has sustained damage as a result of e.g. heavy weather or by the owners of the cargo, which has been damaged in transit.
In marine insurance, partial loss of the subject matter insured caused by an insured peril.
A partial loss of cargo or hull which falls entirely upon the interest concerned. See also "General Average"
A term used in insurance more clearly defined as a Particular Average Loss, ie a partial loss of the insured interest caused by a peril insured against and which is not a General Average Loss. The loss falls entirely on the party who has an interest in the particular goods so damaged.
this means, primarily, a loss suffered by the insured without benefit to, or right of remuneration from, others. It is also used synonymously with "partial loss" in MARINE insurance.
Partial loss or damage to goods.
