VPA - Maritime Terms - Glossary of Logistics Terms

Logistic terms

Shipping terms

Maritime Signal Flags

Maritime terms

Shipping

Container specification

Dangerous goods

EDI & Transport terms

Valuation Charges:
Transportation charges to shippers who declare a value of goods higher than the value of the carriers' limits of liability.

value-of-service pricing:
Pricing according to the value of the product the company is transporting; third-degree price discrimination; demand-oriented pricing; charging what the traffic will bear.

variable cost:
A cost that fluctuates with the volume of business.

vendor:
A firm or individual that supplies goods or services; the seller.

vendor managed inventories (VMI):
A customer service strategy used to manage inventory of customers to lower cost and improve service.

Vessel:
A floating structure designed for transport.

Vessel Manifest:
A list of all cargoes on a vessel.

von Thunen's belts:
A series of concentric rings around a city to identify where agricultural products would be produced according to von Thunen's theory.

Voyage:
The trip designation (trade route and origin/destination) identifier, usually numerically sequential.

VSA:
Vessel Sharing Agreement.