Validated Export License: A
document issued by the U.S. Department of Commerce. It is required for
commodities deemed important to national security, foreign-policy
objectives, or protecting domestic supplies of strategic materials.
Constitutes permission to export a specific product to a specific party.
Exporter applies for license, which must be returned to Bureau of Export
Administration after completing specified shipments.
Vanning: 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. For profit, all
variable costs must be recovered.
Ventilated Container: A container designed with openings in the side
and/or end walls to admit 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 bill of lading number. Obviously, the bill of lading serves as
the core source from which the manifest is created.
Viz: Namely. Used in tariffs to specify commodities.
