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General Average - York-Antwerp Contribution

Cargo contribution to general average under York-Antwerp Rules - proportional to saved value of cargo vs ship.

General AverageYARCharter
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Formula, assumptions, and limits

Cargo share=LGA⋅VcargoVship+Vcargo+Vfreight\text{Cargo share} = \frac{L_{GA} \cdot V_{cargo}}{V_{ship} + V_{cargo} + V_{freight}}
SymbolMeaningUnit
LGAL_{GA}Adjustable GA loss / expenditureUSD
VVSaved-value of interestUSD

Source: York-Antwerp Rules 2016 (CMI)

In short

Cargo contribution to general average under York-Antwerp Rules - proportional to saved value of cargo vs ship.

Learn the theory General Average and York-Antwerp Rules