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'.
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.