Glossary of Shipping Terms:
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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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