Speditionslexikon

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Entries 1301 to 1325 of 1356
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Valuation Charge
Transport charges for certain goods, based on the value declared for the carriage of such goods (air cargo). Declared Value for Carriage
Valuation Clause
Clause in the Marine Policy that contains a fixed basis of valuation agreed upon by the assured and the underwriter and which establishes the insured value of the merchandise. The clause determines the amount payable under any recoverable loss or General Average contribution.  
Value Surcharge
Surcharge for the carriage of cargo having a value in excess of a specified amount per kilogram (air cargo).  
Value-Added Services
These are services offered by a company as an extension of its core services. These services give customers added value for their investment.  
Value-Added Tax
Abbreviation: VAT. 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 final customer.  
Valued Bill of Lading
Bill of Lading issued by the carrier which indicates the amount which the shipper has declared as the value of the merchandise. The carrier will be liable for this amount in the event it is found responsible for loss or damage to the merchandise.  
Vanning
Stuffing
VAT
Value-Added Tax
Vendee
Buyer.  
Vendor
Seller.  
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.  
Vessel
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.  
VLCC
Very Large Crude Carrier
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".  
Volume
Size or measure of anything in three dimensions.  
Volume Charge
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.  
Voucher
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
Voyage Charter
Contract under which the shipowner 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.  
Voyage Number
Reference number assigned by the carrier or its agent to the voyage of the vessel.  
Waiting Time
Period of time between the moment at which one is ready for an activity to start and the moment at which this activity can actually begin. Queue Time
Waiver Clause
Clause regarding the abandonment or forsaking of a right.  
War Risks
Those risks related to two (or more) belligerents engaging in hostilities, whether or not there has been a formal declaration of war. Such risks are excluded by the F.C.&S. (Free of Capture and Seizure) Warranty, but may be covered by a separate War Risk Policy, at an additional premium.  



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