Free of Particular Average (FPA) 1
Free of Particular Average (FPA) 1 : 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
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