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Term of the Day
BusinessDictionary.com
free of capture or seizure clause
Definition
Provision
in
marine insurance
policies
that excludes
claims
for losses
due
to war-like hostile
acts
such as rebellion, mutiny, civil strife, the
perils
for which a separate policy has to be obtained.
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Nearby Terms
free look period
free machining
free market
free market economy
free merchandise
free money
free of capture or seizure clause
free of particular average (FPA)
free on board (FOB)
free on rail
free on truck
free port
free pratique
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