Search results for: “american institute of marine underwriters”
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American Institute Of Marine Underwriters
An association embracing virtually every insurance company writing ocean marine insurance cover in the United States. The organization serves as a conduit for information on legislative affairs affecting its members, provides data on marine casualties, and certifies marine surveyors. The associatio…
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Free of Particular Average
A clause in a basic marine cargo insurance policy restricting settlements in the case of partial losses attributable to perils of the sea or incidents where the vessel has been sunk, burned, or stranded during the course of the voyage. An F.P.A. policy provides the most limited coverage. The […]