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    What Is VEF (Vessel Experience Factor)

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    Giorgi Kandelaki
    The VEF is a factor that accounts for measurement imprecision from a ship's calibration and random variations in ship and shore measurements. It is calculated based on the history of a ship's total calculated volume loaded compared to shore measurements like bills of lading. The VEF should be used by ships to assess bills of lading and can indicate potential shortages at discharge. It requires accurate measurement of loaded quantities and consistent calculation procedures between ship and shore measurements.

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    What Is VEF (Vessel Experience Factor)

    Uploaded by

    Giorgi Kandelaki
    1K views2 pages
    The VEF is a factor that accounts for measurement imprecision from a ship's calibration and random variations in ship and shore measurements. It is calculated based on the history of a ship's total calculated volume loaded compared to shore measurements like bills of lading. The VEF should be used by ships to assess bills of lading and can indicate potential shortages at discharge. It requires accurate measurement of loaded quantities and consistent calculation procedures between ship and shore measurements.

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    The VEF is a factor that accounts for measurement imprecision from a ship's calibration and random variations in ship and shore measurements. It is calculated based on the history of a ship's total calculated volume loaded compared to shore measurements like bills of lading. The VEF should be used by ships to assess bills of lading and can indicate potential shortages at discharge. It requires accurate measurement of loaded quantities and consistent calculation procedures between ship and shore measurements.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    What Is VEF (Vessel Experience Factor)

    Uploaded by

    Giorgi Kandelaki
    The VEF is a factor that accounts for measurement imprecision from a ship's calibration and random variations in ship and shore measurements. It is calculated based on the history of a ship's total calculated volume loaded compared to shore measurements like bills of lading. The VEF should be used by ships to assess bills of lading and can indicate potential shortages at discharge. It requires accurate measurement of loaded quantities and consistent calculation procedures between ship and shore measurements.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    What is VEF (Vessel Experience

    Factor) ?

    The VEF is a factor to account for residual inherent measurement imprecision


    associated with ships’s calibration and residual random measurement variations (both
    ship and shore).

    The VEF is a computation of the history of the Total Calculated Volume (TCV) loaded
    by the vessel adjusted for OBQ or ROB, compared with the TCV of shore
    measurements, typically a Bill of Lading in order to compute a load port VEF for the
    vessel.

    The VEF should always be used by the vessel to assess if the Bill of Lading quantity is
    reliable. It may also provide an indication of potential shortages on outturn at discharge
    port(s). It is essential that the ship’s loaded quantity is correctly determined from
    measurements made prior to and on completion of loading. It is also essential that the
    ship’s figure and the Bill of Lading quantity are determined by consistent calculation
    procedures, with particular reference to the applied VCF. VEF can facilitate more
    accurate determination of vessel quantity for custody transfers also when necessary
    and where warranted.

    Following factors must be taken into account when calculating VEF:

     VEF is not applicable to individual tank volumes


     Quantities shall be expressed in either barrels or cubic meters at standard
    temperatures, but shall not be combined. DO NOT USE QUANTITIES IN MT OR
    LONG TONS.
     VEF used to calculate Ship’s quantity at load port MUST be the VEF which is
    used to calculate the vessel’s quantity at Discharge port. A different VEF must not
    be calculated for the same voyage.
     A minimum of five qualifying voyages are needed to calculate VEF, however, a
    larger number is always desirable. DSM Form for VEF uses last 20 qualifying
    voyages which is usually the accepted industry standard.
     A ‘Qualifying Voyage’ is a voyage that is within + or – 0.0030 of the average ratio
    of all voyages (Pls refer to Charter Party Terms) listed. (as an example, if the
    average of all voyages listed is 1.00105, all voyages within the range from
    0.99805 through 1.00405 would qualify ).

    Following voyages are excluded:

    1. All voyages prior to any structural modification which affected the vessel’s cargo
    carrying capacity.
    2. Load or discharge data where shore measurements were not available or Bill of
    Lading figures were based on Ship’s measurements.
    3. All voyages involving ship-to-ship lightering operations.
    4. The first voyage after dry docking.
    5. Voyages where the vessel has loaded several parcels or Voyages where vessel
    only part loaded to less than 75% capacity.

    Get free VEF excel sheet below in downloads section for training purposes.

    An erroneously calculated VEF results in inflating or deflating cargo quantity


    loaded on board the vessel and giving cargo interests an inaccurate
    representation of “vessel loaded” quantity.

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