particular average


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Related to particular average: General average, Particular Average Loss

particular average

n
(Insurance) insurance partial damage to or loss of a ship or its cargo affecting only the shipowner or one cargo owner. Abbreviation: PA Compare general average
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References in periodicals archive ?
Particular Average:- Particular average means partial loss of the subject matter insured proximately caused by an insured peril.
There are both general and particular average clauses.
Without All Risk or Free of Particular Average (FPA) cargo insurance, cargo owners would be forced to post a cash deposit with the vessel owner to have the cargo released.