partial damage to or loss of a ship or its cargo affecting only the shipowner or one cargo owner
Abbreviation: PA. Compare general average
particular average in Insurance
(pərtɪkyələr ævərɪdʒ)
noun
(Insurance: Underwriting)
Particular average is partial loss or damage to a ship or its cargo that affects only the ship owneror one cargo owner.
Particular average losses are those borne by the owners of the ship or cargo due to direct damage totheir property.
Particular average is a partial loss that falls on one interest because it is not due to the type ofsituation to which the law of general average applies.
Particular average is partial loss or damage to a ship or its cargo that affects only the ship owneror one cargo owner.