free of capture and seizure (F.C.&S.)

(insurance) An insurance policy provision stating that the policy does not cover warlike operations or its consequences, whether before or after the actual declaration of war. Currently, most open policies omit war perils from its insuring conditions and in all cases will include a F.C.&S. clause. War coverage is customarily furnished in conjunction with an open cargo policy and is written under a separate, distinct policy–the War Risk Only Policy. See war risk; all risk; special marine policy.

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