Marine Cargo Insurance – FPA

A provision in a marine cargoA load of materials being transported by a vehicle... insuranceA system of protection against loss under which a ... policy that no claim1) Demand on transportation company for payment du... shall be paid for damage to goodsA merchandise or materials which are used to satis... in the course of a voyageThe trip designation (trade route and origin/desti... unless a loss is sustained that totals or exceeds a certain percentage of the value as specified in the policy. The object of such a provision is the avoidance of petty claims.