In marine insurance, “Free of all average”, meaning that the insurance is against total loss only.
F.A.S.
Free alongside. Sale price includes costs of transportation and delivery of the goods alongside the ship.
F.P.A.A.C. (Free Of Particular Average, American Conditions)
In marine insurance, average clause which limits recovery of partial losses to those caused by fire, stranding, sinking or collision.
F.P.A.E.C. (Free Of Particular Average, English conditions)
Some as FPAAC except that the partial losses to referred to are recoverable if the vessel has stranded, sunk, burned, been on fire or in collision, regardless of whether such losses were actually caused by any of these perils.