TeachMeFinance.com - explain voluntary tanker agreement
voluntary tanker agreement 'voluntary tanker agreement' is an military term meaning '(DOD) An agreement established by the Maritime Administration to provide for US commercial tanker owners and operators to voluntarily make their vessels available to satisfy the Department of Defense needs. It is designed to meet contingency or war requirements for point-to-point petroleum, oils, and lubricants movements, and not to deal with capacity shortages in resupply operations. Also called VTA'.
About the author