Abbreviation: VAT. A form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate customer
Sabelatrans Shipping Global SSG(Specialized in Shipping/Transportation of Heavy Lift, RoRo & Project forwarding by Sea , Air & Land), Shipping Terms, Ajman, UAE 2013. http://www.sabelatrans.com/shipping_terms.htm, (Log - Brit) {1030}