Logistic terms
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Very Large Crude Carrier
Abbreviation: VLCC. Vessel designed for the carriage of liquid cargo in bulk with a loading capacity from 50 000 to 250 000 DWT.
Abbreviation: VLCC. Vessel designed for the carriage of liquid cargo in bulk with a loading capacity from 50 000 to 250 000 DWT.
Vessel
Every description of watercraft or other artificial contrivance used, or capable of being used, as a means of transportation on water. Ship
Every description of watercraft or other artificial contrivance used, or capable of being used, as a means of transportation on water. Ship
Visa Waiver
Program of selected countries to eliminate the visa requirement on a test basis.
Program of selected countries to eliminate the visa requirement on a test basis.
Voidable Policy
Where the underwriter has the right to avoid a policy (e.g., in the event of a breach of good faith), the policy is termed "voidable".
Where the underwriter has the right to avoid a policy (e.g., in the event of a breach of good faith), the policy is termed "voidable".
Volume
Size or measure of anything in three dimensions.
Size or measure of anything in three dimensions.
Volume Charge
Charge for carriage of goods based on their volume (air cargo).
Charge for carriage of goods based on their volume (air cargo).
Volumetric Weight
Volumetric weight measurement is based on the volume of a package and is used when the space a package takes on an aircraft costs more than the package's actual weight.
Volumetric weight measurement is based on the volume of a package and is used when the space a package takes on an aircraft costs more than the package's actual weight.
Voucher
Receipt, entry or other document which generates the accounts.
Receipt, entry or other document which generates the accounts.
Voyage
Journey by sea from one port or country to another or, in case of a round trip, to the same port. Trip
Journey by sea from one port or country to another or, in case of a round trip, to the same port. Trip
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