Shipping Terms




v

Vacuum Packing

A packaging technique that sucks all the air and moisture from a product, packing the goods in a vacuum. This reduces the size of the product, allowing more goods to be packed.

Validation Rule

The validation rules are a subset of the business rules defining constraints on the logical data model. They are expressed in the definitions of entities, domains and attributes.

Valuable Cargo

A consignment which contains one or more valuable articles.

Valuation Charge

Transport charges for certain goods, based on the value declared for the carriage of such goods.

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.

Value Chain Management Definition

Maximising total performance and added value across an entire process by reviewing each internal and external operation, and the links between these operations. The process will be reviewed in a systematic and standard way in order to optimise speed, certainty, and cost effectiveness for the parties involved. The process review can be achieved through established procedures and existing techniques such as value chain analysis and activity based costing.

Vanning

See Stuffing

Vendee

Buyer.

Vendor

Seller.

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.

Vessel

A floating structure designed for the transport of cargo and/or passengers. Boiler, drum.

Volatility Allowance

The largest difference in container availability taking into account past peaks in net demand after having removed the trend in container demand during the repositioning trade-off period.

Volume

Size or measure of anything in three dimensions.

Volume Charge

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

Voucher

A receipt, entry or another document which establishes the accounts.

Voyage

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

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.

Voyage Number

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

NEWS
new perishables hub for latam's brazil ops latam cargo group has opened a perishables hub in guarulhos, brazil. eight new destinations for qatar in 2020 qatar airways has announced a raft of new destinations that will result in major network expansion for the carrier over the next 12 months. etihad brings in new cold chain partnerships etihad cargo has announced an extension of its cold chain global business partnerships by joining the exclusive cool chain association as well as pharma.aero. qatar launches osaka 777 freighter service qatar airways cargo has expanded of its cargo network in asia pacific with the launch of a twice weekly boeing 777 freighter service to osaka, japan effective 14th january 2020. airports call for ambitious reform of outdated eu slot allocation regime aci europe has set out its recommendations for a comprehensive overhaul of the eu airport slot regulation – calling for vital and overdue change in the way airport slot allocation is governed. sats wins riyadh cargo terminal concession sats ltd (sats), asia’s leading provider of food solutions and gateway services, has announced that its subsidiary, sats saudi arabia company, has won a 25-year cargo terminal concession in king khalid international airport (kkia) in riyadh, saudi arabia. explosives detector approved by us authorities an explosive detection system that can scan up to 2,500 parcels an hour has become the first of its kind to be approved by the us transportation security administration. saudia launches ground handling and logistics arm saudia launches ground handling and logistics arm airfreight slump lingers on airfreight demand declined 1.1% in november 2019, compared to the same period in 2018, according to figures released by the international air transport association (iata). swissport awarded five-year cargo contract with lufthansa group at brussels and liège airports swissport and lufthansa signed a 5-year contract for cargo handling at brussels and liège airports. the agreement covers brussels airlines, lufthansa and austrian airlines. british airways suspends dog travel via the cargo hold amid investigation british airways has temporarily suspended the transportation of dogs in the cargo hold of its aircraft. lashings - european shortsea and feeder lines challenge legality of dockers' clause extension european shortsea and feeder ship operators are challenging efforts by the international transport workers’ federation (itf) to redefine container lashing as a cargo handling activity in order to bring it under the control of unionised dockers kenya airways and tal aviation embark on new ventures kenya airways and tal aviation cargo divisions have signed an agreement, making it the first time tal aviation will be providing cargo and logistics services for the airline. new automatic spot rate system for lufthansa lufthansa cargo is expanding its digital sales channels with spot prices automatically generated in real time via the rapid rate response (rrr) mechanism and are displayed as directly bookable offers. delta welcomes cargo potential of new york-jfk – mumbai service delta air lines has started its first flight between new york jfk and mumbai. the service from new york jfk will be the only nonstop flight between the two cities. cosco terminals go live with n4 cosco subsidiary lianyungang new oriental international terminals has gone live with navis' n4 system, as part of cosco's larger globalisation strategy with the terminals it operates. kerry deepens mid east presence with bahrain and dubai kerry logistics is deepening its presence in the middle east by setting up a new office in bahrain and opening a new bonded logistics facility in dubai. raya airways implements cargo flash system it and business solution provider cargo flash has successfully implemented its next generation systems in a record time of just 2 months for raya airways which is a cargo airline having its head office in malaysia. delta set for first jfk-mumbai service delta air lines is gearing up to launch its first service between new york-jfk and mumbai, which will be the only nonstop flight between the two cities. delta set for first jfk-mumbai service delta air lines is gearing up to launch its first service between new york-jfk and mumbai, which will be the only nonstop flight between the two cities.