Glossary Of International Shipping Terms: V

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V A T, Mexico

Valued-Added Tax on the portion of service provided by the Mexican carrier. The invoicing party is due to collect and remit this tax.

Vanning

A term sometimes used for stowing cargo in a container.

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's Manifest

Statement of a vessel's cargoes or containers (revenue, consignee, marks, etc.).

Voyage Charter

A charter party hiring a vessel for a particular voyage in which the shipowner provides the vessel, bunkers and crew whilst the charterer supplies the cargoes.

Voyage Direction

The sector of a round trip voyage normally denoted by the direction of the sailing.

Voyage Number

The numeric identification of a trip undertaken by a vessel on a fixed trade lane.

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