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a COMMON SHIPPING TERMS
 
 
Valuable Cargo
 

A consignment which contains one or more valuable articles.

   
arrow Value Added Tax
 

Abbreviation: VAT
A form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate customer.

   
arrow Vanning
 

Buyer.

   
arrow Vendor
 

Seller.

   
arrow Very Large Crude Carrier
 

Abbreviation: VLCC
A vessel designed for the carriage of liquid cargo in bulk with a loading capacity from 50.000 till 250.000 DWT.

   
arrow Vessel
 

A floating structure designed for the transport of cargo and/or passengers

 

Boiler, drum

   
arrow Volume
 

Size or measure of anything in three dimensions.

   
arrow Volume Charge
 

A charge for carriage of goods based on their volume (air cargo).

   
arrow Voyage
 

A journey by sea from one port or country to another one or, in case of a round trip, to the same port.

   
arrow Voyage Charter
 

A contract under which the shipowner agrees to carry an agreed quantity of cargo from a specified port or ports to another port or ports for a remuneration called freight, which is calculated according to the quantity of cargo loaded, or sometimes at a lumpsum freight.

   
arrow Voyage Number
 

Reference number assigned by the carrier or his agent to the voyage of the vessel.

   
 
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