What does CGA mean in LOGISTICS
CGA stands for "Cargo's Proportion of General Average". General Average is defined as a principle of Marine Insurance Law which provides that when extraordinary expenses or sacrifices have been made by a shipowner to save his cargo from an impending peril, then the cost of such extraordinary sacrifice should be apportioned among all the persons interested in the venture. CGA is one way to determine proportionately who is responsible for such costs.
CGA meaning in Logistics in Business
CGA mostly used in an acronym Logistics in Category Business that means Cargo's proportion of general average
Shorthand: CGA,
Full Form: Cargo's proportion of general average
For more information of "Cargo's proportion of general average", see the section below.
Essential Questions and Answers on Cargo's proportion of general average in "BUSINESS»LOGISTICS"
Final Words:
CGA provides an equitable solution when calculating responsibilities between all those participating in marine trade ventures including cargo owners, shipowners and insurers with regards to extra costs arising out of emergencies or risks encountered onboard selection vessels during transit voyages over water bodies such as oceans, seas, rivers etc.
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