particular average
In ocean marine insurance, a partial loss sustained by a specified cargo
or vessel. Ocean marine policies do not necessarily cover partial loss (referred
to as "average" loss); those that are covered must be the result of a covered
peril. Such cargo losses are usually subject to separate particular average
coverage provisions. See also
Free of particular average (American conditions);
Free of particular average (English conditions);
With average;
With average
3 percent.