Gong is a Chinese surname. It is the English transcription of a number of different Chinese surnames: å®«, é¾, å±, å¬, é, å, è²¢, and å¼. Gong may also be a Korean surname, but this Korean Gong may be the English transcription of another surname Kong (å­).s of 2002, there are around 1.5 million people with the Gong é¾ surname in China, representing 0.2% of its population. They are most commonly found along the Yangtze River basin, especially in the province of Anhui.
Consequential damages. Consequential damages, otherwise known as special damages, are damages that can be proven to have occurred because of the failure of one party to meet a contractual obligation. They go beyond the contract itself and into the actions garnished from the failure to fulfill.
DEFINITION of 'Consequential Loss'. The amount of loss incurred as a result of being unable to use business property or equipment. If the property/equipment is damaged through a natural disaster or accident, only certain types of insurance can cover the owner for lost business income.Consequential loss is considered an indirect loss (as compared to losses from the direct damage).Direct damages would be covered under different types of insurance, such as property/casual or fire insurance, but the firm still incurs the costs of lost operations.nsurance to compensate for consequential losses can also cover situations where no direct damage is done to property, but loss of revenue occurs because of things like a power outage or breach of contract from a supplier or business partner. RELATED TERMS.