I am using V4.0
I have one clip on the timeline
I have trimmed it to get just that part of the clip I want to use
I select save as and tick the "Copy and trim media with project box"
I have the ignore 3rd part CODEC box ticked in preferences
When I go to save the veg file I get the following message

"An error occurred while creating the media file
The selected codec does not support the current render settings"