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VEF is a factor to account for measurement imprecision of ships' calibration and random variations. Learn how to calculate VEF, what factors to consider, and why it is important for cargo quantity determination.
VEF is a calibration metric that reflects the historical difference between ship and shore cargo measurements. Learn how to calculate, update and apply VEF to prevent misreported quantities and financial losses in oil and gas industry.
Navarik VEF is a software that helps you calculate and report vessel experience factor (VEF) for trade settlements. It provides a repository of industry data, API integration, and historical data access to optimize your business operations and profitability.
A VEF is used to assess the validity of quantities delivered to the ship that are derived from shore measurements. Vessel capacity tables are often calculated from the vessel's building plans, rather than based on accurate physical tank calibration measurements.
VEF, Latvian acronym for Valsts elektrotehniskā fabrika (State Electrotechnical Factory), was a manufacturer of electrical and electronic products in Riga, Latvia.
Vessel experience factor (VEF), when developed through proper application of industry guidelines and field procedures, provides a factor that improves the overall accuracy in the determination of ...
This ratio, called a Vessel Experience Factor (VEF) is a historical compilation of shore-to-vessel or vessel-to-shore cargo quantity differences and is used as a loss control tool to assess the validity of quantities derived from shore measurements.
The VEF is applied by dividing the ship's figures by the ratio (VEF) which is a number either greater or less than 1.0000 to 4 decimal places. If it exceeds 1.0000 then the ship figure is over the shore. If it is less than 1.0000 then the ship figure is under the shore.
Learn what VEF is, how it is calculated and how it is used in cargo custody transfer. VEF is a ratio between vessel's tank measurement and shore measurement, which indicates the accuracy and confidence of cargo quantity.
Vessel Experience Factor or "VEF" means a factor based on the compilation of the history of the total calculated volume vessel measurements, adjusted for on-board quantity or remaining on board, compared with the total calculated volume shore measurements.