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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.
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