Vessel operating common carrier is a company that operates its own vessels. See also NVOCC.
Read MoreVoidable contract
A contract that is valid but that can be declared invalid at the request of one of the parties because of a defect or illegality in making it. For example, if one party made a fraudulent misrepresentation on which the…
Read MoreVostro account
An account held by a bank with its foreign correspondent bank, in the currency of the bank´s domestic country.
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