Free of Capture and Seizure

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Information about Free of Capture and Seizure in free legal resources:

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Free Of Capture And Seizure

Summary of Free Of Capture And Seizure

A clause in an ocean marine policy that deletes from the list of covered perils the WAR RISKS (read this and related legal terms for further details) of capture and seizure, and losses attributable thereto. All such war-related perils are covered under a separate war-risk policy.

(Main Author: William J. Miller)

Free of Capture and Seizure in International Trade

Meaning of Free of Capture and Seizure, according to the Dictionary of International Trade (Global Negotiator): A provision in standard commercial insurance coverage that exclude loss due to war and warlike acts. This peril can be mitigated by war risk coverage, which is usually available at an additional premium cost.

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