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
dubai air show: delivery bot impresses at cargo connect the effect of automation, artificial intelligence and digitalisation were the key topics at the cargo connect conference at dubai airshow 2019. china airlines cargo adds mumbai to network china airlines cargo added mumbai to its network on saturday 16 november, with two services a week. cargo.one bags etihad cargo in landmark deal etihad cargo has partnered with cargo.one to augment its digitalisation strategy in a landmark distribution agreement. maersk trials containerised battery maersk is set to trial a containerized 600 kwh marine battery system in december as it looks to improve vessel performance and reliability while reducing co2 emissions. apm gothenburg targets rail doubling apm terminals gothenburg plans to double the volume of containers transported by rail to and from gothenburg by 2022. japan joins virgin australia's cargo network virgin australia will add japan to its international cargo network in march with the launch of daily services between brisbane and tokyo-haneda. issa baluch inducted into tiaca hall of fame issa baluch has been inducted into the tiaca hall of fame, in recognition for his work across the air cargo industry. etihad launches "state of the art" cargo control centre etihad cargo has taken its data-driven digitalization journey another step forward with the launch of its state-of-the-art cargo control centre (ccc) at its head office in abu dhabi. schweizerzug ramps up euro network after successfully extending services in the first half of 2019 with additional connections between switzerland and belgium, schweizerzug ag is now increasing the frequency between frenkendorf and neuss and at the same time boosts niederglatt’s links to antwerp and rotterdam. egyptair cargo to use descartes vmail egyptair cargo will use descartes velocity mail (vmail) to streamline transporting air mail across its international network. aa cargo launches first phase of new end-to-end management system american airlines cargo recently launched the first phase of its single largest investment to-date with the roll out of a new cargo end-to-end management system on october 1st. wfs moves to sustainable plastics worldwide flight services (wfs) has claimed to be the first major air cargo industry company to begin converting the majority of plastic products used in its cargo handling operations over to the bionatur™ plastics line of sustainable products manufactured by m&g packaging. southern air appoints hactl for ramps hong kong air cargo terminals (hactl) has won the contract to provide ramp handling for kentucky (usa)-based freighter operator southern air inc. qatar to trial enhanced engine cleaning tech qatar airways partnered with ge on a three-year trial of its innovative ‘ge360 foam wash’ offering enhanced engine cleaning technology. rising demand sees secure service expansion for etihad etihad secure logistics services llc (esl), a wholly owned subsidiary of etihad airways pjsc and a member of its cargo and logistics services portfolio, is increasing its vehicle fleet and expanding its services across the uae capital, citing demand from abu dhabi’s government, diplomatic and private sectors. turkish continues network expansion turkish cargo has continued its network expansion with new direct cargo flights to the malaysian capital kuala lumpur (kul) and the western indian city of ahmedabad (amd). turkish lands iso 10002 turkish cargo has been awarded the "customer satisfaction management certificate" (iso 10002) and developed the cargo customers feedback management policy accordingly. af-klm martinair cargo announces winter schedule air france klm martinair cargo will operate its new winter schedule from sunday, 27 october 2019 to sunday, 29 march 2020. chapman freeborn and aia cargo join forces in ireland chapman freeborn airchartering has signed a strategic cooperation with airbridge international agencies (aia) cargo to strengthen services in ireland. gac uk launches petcare gac uk has launched a new service, petcare by ecs group, which transports pets by air to and from the united kingdom. gac uk manages the whole transportation chain from arrival at the airport to collection at the reception centres.