free of capture and seizure (FC&S) warranty

A clause in ocean marine policies which essentially functions to delete war risk coverage from hull insurance. Losses excluded are those due to nuclear weapons, mines, torpedoes, war (including civil war), piracy, and confiscation or nationalization of property.

Home > Free Risk & Insurance Information > Glossary of Insurance & Risk Management Terms > Terms > F > free of capture and seizure (FC&S) warranty