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Glossary of Shipping Terms
Glossary of Shipping Terms
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VALUATION CHARGESÂTransportation charges assessed shippers who declare a value of goods higher than the value of carriers' limits of liability.Â
VLCCÂ
Very Large Crude Carriers: Tankers between 200,000 and 300,000 dwt.Â
VOYAGE CHARTERÂ
A contract whereby the shipowner places the vessel at the disposal of the charterer for one or more voyages, the shipowner being responsible for the operation of the vessel.