| Loss
Caused By or Resulting From: |
|
FPA* |
FPA with Average |
All Risks |
| Stranding |
|
Yes |
Yes |
Yes |
| Sinking |
|
Yes |
Yes |
Yes |
| Burning |
|
Yes |
Yes |
Yes |
| Collision |
|
Yes |
Yes |
Yes |
| Faults or errors in
management of the vessel |
|
Yes |
Yes |
Yes |
| Bursting of boilers |
|
Yes |
Yes |
Yes |
| Latent defects in hull;
or machinery |
|
Yes |
Yes |
Yes |
| Explosion |
|
Yes |
Yes |
Yes |
| Jettison |
|
Yes |
Yes |
Yes |
| Heavy weather |
|
No |
Yes |
Yes |
| Seawater as a result of
heavy weather |
|
No |
Yes |
Yes |
| Freshwater |
|
No |
No |
Yes |
| Improper stowage by the
carrier |
|
No |
No |
Yes |
| Hook damage, mud and
grease |
|
No |
No |
Yes |
| Theft of an entire
shipping package |
|
No |
No |
Yes |
| Non-Delivery of an
entire shipping package |
|
No |
No |
Yes |
| Pilferage |
|
No |
No |
Yes |
| Leakage |
|
No |
No |
Yes |
| Breakage |
|
No |
No |
Yes |
|
|
|
|
| * FPA: Free of
Particular Average, without Average |
|
|
|
|
|
|
|
|
| Sometimes,
due to the nature of a product or shipping conditions, only limited
coverage can be obtained. Free of Particular Average is a limited coverage
that usually applies to used merchandise, waste materials and goods
shipped subject to an on-deck bill of landing. It covers partial and total
losses due to FPA perils. While FPA is not as complete as
"All-Risks" coverage, it is better than having no insurance at
all. |
|
|
|
|
|
| Policy
Written for FPA Conditions Loss Caused by or Resulting from: |
Partial Loss Coverage |
|
|
| 1.
heave weather, lightening, barratry of the Master of Mariners, assailing
theives |
Not Covered |
Covered |
|
|
except: |
|
|
|
|
While on deck, if a direct result of stranding, sinking, burning,
fire or collision |
Covered |
Covered |
|
|
While under deck, if the vessel strands or is burnt during the
insured voyage or if loss or damage can reasonably be attributable to fire
or collision |
Covered |
Covered |
|
| 2.
Fire or explosion |
Covered |
Covered |
|
| 3.
Vessel of craft being stranded sunk or burnt |
Covered |
Covered |
|
| 4.
Collision or upset to an air or land conveyance |
Covered |
Covered |
|
| 5.
Collision or contance of a water borne conveyance with any external object
(ice included) other than water |
Covered |
Covered |
|
|
|
|
|
|
|
|
|
|