Cargo contribution to general average under York-Antwerp Rules - proportional to saved value of cargo vs ship.
Formula
$$ \text{Cargo share} = \frac{L_{GA} \cdot V_{cargo}}{V_{ship} + V_{cargo} + V_{freight}} $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $L_{GA}$ | Adjustable GA loss / expenditure | USD | adjuster report |
| $V$ | Saved-value of interest | USD | arrived survey |
Sources
- York-Antwerp Rules 2016 (CMI).