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.
Abbreviation: VLCC A vessel designed for the carriage of liquid cargo in bulk with a loading capacity from 50.000 till 250.000 DWT.
A floating structure designed for the transport of cargo and/or passengers Boiler, drum
Size or measure of anything in three dimensions.
A charge for carriage of goods based on their volume (air cargo).
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
A contract under which the ship-owner 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 lump sum freight.
Reference number assigned by the carrier or his agent to the voyage of the vessel. A United Nations agency whose work in Shipping includes the liner code involving the sharing of cargoes between the Shipping lines of the importing and exporting countries and third countries in the ratio 40:40:20.United Nations Dangerous Goods Number Abbreviation: UNDG Number The four-digit number assigned by the United Nations Committee of Experts on the Transport of Dangerous Goods to classify a substance or a particular groups of substances. Note: The prefix 'UN' must always be used in conjunction with these numbers.