CGT meaning in Measurement Unit ?

tuteeHUB earn credit +10 pts

Answer: What is Compensated Gross Tonnage mean?

Compensated Gross Tonnage (CGT) is an indicator of the amount of work that is necessary to build a given ship and is calculated by multiplying the tonnage of a ship by a coefficient, which is determined according to type and size of a particular ship.

The standard CGT system was developed in 1977 by the OECD so that inter-country shipbuilding output could be reasonably compared, as different types of ships require a greater or lesser degree of work relative to their gross tonnage. For example, passenger ferry of a given size would require substantially more work to build than a bulk carrier of the same size due to the differing design requirements, internal structure, and required level of detail, but simply comparing the gross tonnage or deadweight of each ship would incorrectly show that they took the same amount of work. When expanded on a national scale, this difference could greatly mislead people as to the actual maritime production capacity of a given country.

The formula to calculate CGT was revised by the OECD in 2007.

reference
Full Form Category
Chinguitti Airport Code
Cut, Glue, and Tape Business
Capital Gearing Business
Castlemaine Goldfields Ltd Business
Capital gains taxes Business
Compagnie Générale Transatlantique Business
Committee on Global Thought Community
Confédération générale du travail Community
Calusa Ghost Tours Community
Center for Globalization of Technology Computing
Computer Generated Threat Computing
Computer Generated Thought Computing
Computer Generated Training Computing
Computer Generated Tax Computing
Computer Generated Translation Computing
CACHE Gold Cryptocurrency
CAGE GOVERNANCE TOKEN Cryptocurrency
Curio Governance Cryptocurrency
Compensated Gross Tons General
California Guitar Trio General
Compagnia Generale Trattori General
Compiled Grammar Table General
CU Global Thought General
Computation Graph Toolkit General
Citibank Global Transfers General
Code Generation Tools General
Companie Generale Transatlantique General
Center on Global Transformation General
Cambridge Gambling Task General
Capital gain tribe General
Cargo Tray General
Continental Gt General
Carrera Gt General
Ceramic Gas Turbine General
Classic Gt General
Compensated Gross Ton General
Chrysler Group Transport General
Colt Gt General
Competizioni Gt General
Computational Graph Theory Information Technology
Confederación General de Trabajadores International
Confédération Générale de Travail International
Compensated Gross Tonnage Measurement Unit
Cancer Gene Therapy Medical
Compagnie G Messaging
Canada and Gulf Terminal Railway Regional
Canadian General Tower Regional
Code Generation Template Softwares
Capital Gains Tax Stock Exchange
Computer Graphics Technology Technology
Consumer Goods Technology Technology
Consultants Group for Telecommunications Telecommunication

Report

Posted on 09 Sep 2024, this text provides information on Miscellaneous in Measurement Unit related to Measurement Unit. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Write Your Comments or Explanations to Help Others



webstory list tuteehub
Miscellaneous in Measurement Unit
webstory list tuteehub
Miscellaneous in Measurement Unit


Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Important Measurement Unit Links

open app imageOPEN APP