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
dhl partners longhorn in vaccine delivery : dhl global forwarding, the air and ocean freight specialist of deutsche post dhl group, has partnered with longhorn vaccines & diagnostics to deliver much-needed covid-19 testing vials to the international organization for migration (iom) in kenya, nepal and the philippines. qatar airways appoints ecs group : as of february 21, ecs group, the leading gssa, with its established presence in the region and strong partnership with the airline in over 20 countries, is supervising the management of cargo capacity via its subsidiary globe air cargo. qatar airways appoints ecs group : as of february 21, ecs group, the leading gssa, with its established presence in the region and strong partnership with the airline in over 20 countries, is supervising the management of cargo capacity via its subsidiary globe air cargo. shell bitumen reappoints dhl : dhl supply chain has been reappointed by shell bitumen in a new five-year contract starting on 1 march 2021. shell bitumen reappoints dhl : dhl supply chain has been reappointed by shell bitumen in a new five-year contract starting on 1 march 2021. maersk sails through 2020 despite disruption : 2020 has been another year of solid progress for a.p. moller - maersk, both in terms of financial performance and in transforming the company. despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record q4 results in logistics and terminals, while ocean delivered an exceptional quarter driven by the increased volumes and current, temporary supply chain disruptions. port of rotterdam investigates green hydrogen : uniper and the port of rotterdam authority are investigating the possibilities of large-scale production of green hydrogen at the maasvlakte area in rotterdam. the parties have the ambition to realise a hydrogen plant on the site of uniper by 2025 with a capacity of 100mw and to expand this capacity to 500mw. the feasibility study will be completed this summer. dsv launches dsv customs classification : dsv launches a new customs classification service for international businesses called dsv customs classification. with the new service, dsv offers to perform customs classification on behalf of businesses, ensuring compliance with regulations and easing customers’ administrative hassle. qatar airways cargo to recommence middle east sales : effective 21 february 2021, qatar airways cargo will recommence cargo sales and bookings in the kingdom of saudi arabia, the united arab emirates and the arab republic of egypt with the appointment of general sales agents in these countries. unilode aviation solutions signs long-term agreement with la couverture : unilode aviation solutions, the market leader in outsourced unit load device (uld) management and repair services, and mdg group, a supplier of cold chain products and services for the food and pharmaceutical sectors, sign a long-term agreement for the repair of la couverture, a unique product developed and manufactured by mdg for the protection of temperature-sensitive products in the aviation supply chain. xpo logistics once again named a world's most admired company : xpo logistics, inc., a leading global provider of transportation and logistics solutions, has been named a world’s most admired company for 2021 by fortune magazine. xpo has been recognized by fortune as a world’s most admired company every year since 2018. turkish cargo prepares for 'cargo talks' industry discussion : turkish cargo is organizing a webinar titled “cargo talks” during which the valuable stakeholders of the air cargo industry, who finger on the pulse of the industry, will exchange opinions, and the important agenda items such as digitalization, vaccine transport, and the future of the industry will be discussed. the port of los angeles launches truck efficiency incentive : the port of los angeles is launching a new incentive program to move trucks faster and more efficiently through its terminals. ceva logistics expands south east asian reach : ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. ceva logistics expands south east asian reach ceva logistics has further expanded its reach in south east asia with the opening of a new warehouse located in bien hoa city, dong nai province in vietnam. strategically located to the north east of ho chi minh city, this new facility has a range of convenient connections to the eastern economic zone as well as the city. abu dhabi ports signs integrated maritime logistics agreement : safeen, abu dhabi ports’ maritime arm, has recently signed a historic agreement with allianz marine & logistics services (amls), to launch a new international provider of integrated maritime logistic services. qatar airways cargo announces re-wilding programme : qatar airways cargo announces chapter 2 of its sustainability programme weqare: rewild the planet. kuehne+nagel joins team malizia's sustainability and marine protection efforts : committed to marine protection and sustainable shipping, cma cgm, hapag-lloyd, msc and kuehne+nagel support the yacht racing team malizia under the motto: "a race we must win". with a strong environmental message, the partners are working for a sustainable future and contributing to ocean health by reducing worldwide co2 emissions while focusing on the main pillars: co2 reduction and transparency, science and education. port of dunkirk to rosslare increases capacity : as of wednesday 27 january, the "mv drotten", sistership of the "mv visby", will now call at the dfds seaways ro-ro terminal on the dunkerque-rosslare service (ireland). port of rotterdam sails through a rocky year : 2020 was quite a special year for the harbour master’s division of the port of rotterdam authority. covid-19 was a dominant factor in the port as well. additional corona containment measures led to an increase in work pressure.