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.