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free of particular average
marine cargo insurance that does not cover partial losses or partial damage unless caused by the vessel being sunk, stranded, burned, on fire, or in a collision. Bloomberg Financial Dictionary

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free of particular average ˌfree of parˌticular ˈaverage abbreviation FPA adjective [not before a noun]
INSURANCE TRANSPORT a condition stating that insurance is only against total (= when the thing insured is totally lost or destroyed), not partial loss (= when the thing insured is not totally lost or destroyed). Free of particular average is one of the institute

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free of particular average UK US adjective (ABBREVIATION FPA) INSURANCE, COMMERCE, TRANSPORT
used to describe an insurance agreement in which the insurance company does not have to pay for goods that are partly lost or partly destroyed on a ship unless the ship sinks, hits something, is damaged by fire, etc.

Financial and business terms. 2012.