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.
