Glossary

  • VAT

    Abbreviation for "Value Added Tax".

  • Ventilation

    Voluntarily created circulation of air. Please click here for more information.

  • Vessel Sharing Agreement (VSA)

    Contract between two or more ship operators to put up a fleet of ships together to operate a joint service. The number of container positions (slots) equal in space are reserved on particular ships for each of the participants.

  • Vessel-Operating Common Carrier (VOCC)

    A common carrier that operates, for all or part of its common carrier service, a ship in a service between a port in the United States and a port in a foreign country.

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