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VESSEL EDT

It is when a ship or vessel is expected to depart.

Example: A vessel leaving from New York will have an estimated time of when it is supped to leave the dock.

Impact: This is important because this time will show how long a vessel will stay at the dock. It will also help to manage when the next vessel can dock in the port.

VESSEL

Basically, a vessel is anything that can float and can be steered/moved, either by own means or by other means (for example – if it is towed).. Apart from a ship, a floating platform, boats, barges etc can also be called a vessel.

VESSEL LOAD FREE OUT

Vessel Load Free Out (VLFO) is the international shipping term in ocean freight are the terms of loading and discharge as agreed to in the contract with the carrier.

Under this term, the carrier arranges to pay for loading the cargo on the ship, and the consignee/recipient of the cargo arranges to pay and is responsible for the unloading of cargo from the ship to wharf/quay.

VESSEL TURNAROUND TIME

In ocean shipping, the time that is taken between the arrival of a vessel and its departure is referred to as the turnaround time.

The calculation of average turnaround time (ATT) is easy to understand; it corresponds to the average difference between the date of departure and date of arrival of the vessel among all container vessels calling at a port (or country), usually within one month of navigation.

The vessel turnaround time is used to measure the efficiency of port operations.

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