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Glossary
- Vacuum gas oil
Similar to fuel oil.
- VLCC
Very Large Crude Carrier. Tanker between 200,000 and 320,000 dwt.
- VLGC
Very Large Gas Carrier. Vessel defined by Clarksons as more than 60,000 cbm.
- Voyage charter
The transportation of cargo from port(s) of loading to port(s) of discharge. Payment is normally per ton(ne) of cargo, and the shipowner pays for bunker, port and canal charges.
- Voyage costs
Costs directly related to a specific voyage (eg. bunker, port and canal charges).