Freight, shipping and chartering glossary

Term Meaning
Valuation Charges Transportation charges to consignors who declare a value of goods higher than the value of the carrier's liability limits.
Variable cost A cost that depends on how much the IT service is used, how many products are produced, the number and type of users, or something else that cannot be fixed in advance.
VAT Value-added tax surcharge on the value of the goods.
Vessel Manifest A document that contains all the basic data about the cargo, recorded for each port separately, and contains more detailed information about the cargo than the bill of lading.
Voyage Charter Charter for a specific voyage or voyages between certain ports or areas of loading or unloading.