-
V.C.
- Valuation clause
-
V.L.C.C.
- very large crude carrier
-
v.o.p.
- Value as in original policy
-
V.T.S.
- Vessel Traffic Systems
-
Value Added Counseling
- Valued added counseling is defined as assessing a company's current
international business operations and assisting a client in one or more of
the following: (a) identifying and selecting the most viable markets; (b)
developing an export market strategy; (c) implementing the export market
strategy; and (d) increasing market presence.
-
Value Added Tax (VAT)
- A tax which is assessed at each stage of production on the amount of value
contributed at each stage to the final product.
-
Value Date
- The date on which payment must be made by the named bank. This date is
determined by the payee, the payer or the bank.
-
Variable Levy
- A tariff subject to alterations as world market prices change, the
alterations are designed to assure that the import price after payment of
the duty will equal a predetermined "gate" price.
-
VAT
- Value-Added Tax
-
Vd.
- Valued
-
VER
- Voluntary Export Restriction
-
Vertical Export Trading
Company - An
export trading company that integrates a range of functions taking products
from suppliers to consumers.
-
vessel
- Ship or boat.
-
VL
- Variable Levy
-
VLCC
- Very large crude carrier
-
VO-MTO
- Vessel-operating multimodal transport operator
-
VOA
- Voice of America
-
Voluntary Export
Restriction
- An understanding between trading partners in which the exporting nation,
in order to reduce trade friction, agrees to limit its exports of a
particular good. Also called voluntary restraint agreement.
-
Voluntary Restraint
Agreement -
Informal bilateral or multilateral understandings in which exporters
voluntarily limit exports of certain products to a particular country
destination in order to avoid economic dislocation in the importing country
and the imposition of mandatory import restrictions. These arrangements do
not involve an obligation on the part of the importing country to provide
"compensation" to the exporting country, as would be the case if the
importing country unilaterally imposed equivalent restraints on imports.
See: Voluntary Export Restriction.
-
Voluntary Restraint
Agreements (VRAs)
- Generally, a bilateral arrangement whereby an exporting country agrees to
reduce or restrict exports without the importing country having to make use
of quotas, tariffs or other import controls. These agreements are generally
undertaken to avoid action by the importing country against imports that may
major or in some way threaten the positions of domestic firms in the
industry in question.
-
VRA
- Voluntary Restraint Agreement
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