free of capture and seizure warranty
Quick Summary
The "free of capture and seizure" (FC&S) warranty is a clause in marine insurance policies that excludes coverage for losses resulting from the capture or seizure of the insured ship. It also typically excludes losses due to atomic fission or radioactive forces.1
In ocean marine insurance, warranties are promises that bind the parties. Express warranties are written into the contract, such as the FC&S warranty. There are also implied warranties that are not written but still legally binding, relating to the seaworthiness of the vessel, deviation from the intended course, and the legality of the voyage. The FC&S warranty specifically removes war as a cause of loss from the insurance coverage.2
Ask Britannica AI about this topic
Britannica doesn't have a full article on this topic, so we've curated a list of our relevant coverage.
insuranceWarranties…of expressed warranties are the FC&S warranty and the strike, riot, and civil commotion warranty. The FC&S, or “free of capture and seizure,” warranty excludes war as a cause of loss. The strike, riot, and civil commotion warranty states that the insurer will pay no losses resulting from strikes, walkouts,…
Read More…of expressed warranties are the FC&S warranty and the strike, riot, and civil commotion warranty. The FC&S, or “free of capture and seizure,” warranty excludes war as a cause of loss. The strike, riot, and civil commotion warranty states that the insurer will pay no losses resulting from strikes, walkouts,…
Read More
maritime lawMarine insurance…the practice of adding “Free of Capture and Seizure” (F.C.&S.) clauses to the basic policy forms, the effect of which was to remove war and similar risks from coverage. The practice has since become universal, with the result that the owner of a ship or cargo must either purchase…
Read More…the practice of adding “Free of Capture and Seizure” (F.C.&S.) clauses to the basic policy forms, the effect of which was to remove war and similar risks from coverage. The practice has since become universal, with the result that the owner of a ship or cargo must either purchase…
Read More