| Validated
Export License |
A document
issued by the U.S. government; authorizes the export of commodities for which written
authorization is required by law. |
| Validation |
Authentication
of B/L and when B/L becomes effective. |
| Vanning |
A term for
stowing cargo in a container. |
| Variable
Cost |
Costs that
vary directly with the level of activity within a short time. Examples include costs of
moving cargo inland on trains or trucks, stevedoring in some ports, and short-term
equipment leases. For business analysis, all costs are either defined as variable or
fixed. For a business to break even, all fixed costs must be covered. To make a profit,
all variable and fixed costs must be recovered plus some extra amount. |
| Ventilated
Container |
A container
designed with openings in the side and/or end walls to permit the ingress of outside air
when the doors are closed. |
| Vessel
Supplies for Immediate Exportation (VSIE) |
Allows
equipment and supplies arriving at one port to be loaded on a vessel, aircraft, etc., for
its exclusive use and to be exported from the same port. |
| Vessel
Manifest |
The
international carrier is obligated to make declarations of the ship's crew and contents at
both the port of departure and arrival. The vessel manifest lists various details about
each shipment by B/L number. Obviously, the B/L serves as the core source from which the
manifest is created. |
| Viz.
|
Namely.
Used in tariffs to specify commodities |
