Logistic Terms - M

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• M.V. - Motor Vessel.
• MAFI Trailer - German brand name of a roll trailer used for RoRo purposes.
• Maiden Trip - First voyage of a vessel or aircraft after delivery to its owner(s).
• Main-Line Operator - Abbreviation: MLO. Carrier employing vessel(s) in the main or principal routes in a trade but not participating within a consortium.
• Maintenance Chain - Sequence of events in a goods flow which preserves and/or restores the value of a specific good. E.g. repair.
• Manifest - Document which lists the specifications of goods loaded in a means of transport or equipment for transportation purposes. As a rule cargo manifests are drawn up by the agents in the place of loading. Note: For shipping, a manifest represents an accumulation of Bills of Lading for official and administrative purposes.
• Marine Gas Oil. Fuel used for operating the vessel. - At or in the middle of a vessel.
• Marine Insurance Policy - Insurance policy protecting the insured against loss or damage to goods which occurred during transportation.
• Marking (or Marks) - Letters, numbers, and other symbols placed on cargo packages to facilitate identification.
• Marks - > Shipping Marks
• Master Air Waybill - Abbreviation: MAWB. Air Waybill issued by the originating airline when more than one airline is involved with a shipment, or when a freight forwarder issues a House Air Waybill. > Air Waybill > House Air Waybill
• Mate's Receipt - Document signed by the chief officer of a vessel acknowledging the receipt of a certain consignment on board of that vessel. On this document, remarks can be made as to the order and condition of the consignment.
• Material Circumstance - Any circumstances which would influence the judgment of a prudent underwriter in determining whether to accept a risk and the amount of premium to charge.
• Material Representation - Statement made to the underwriter before acceptance of risk which is material to the decision in accepting and rating the risk.
• Materials Handling - Activities of loading, unloading, placing and manipulating material and of in-process movement.
• Means of Transport - Type of vehicle used for the transport of goods (e.g. aircraft, barge, truck, ship or train).
• Measurement Ton - Ton of one cubic meter water.
• Mechanics Lien - Legal enforceable claim that a person who has performed work or provided materials is permitted to make against title to the property or as a preferential person in the event the estate or business is liquidated.
• Medical First Aid Guide - Abbreviation: MFAG. Instructions to be consulted in case of accidents involving dangerous goods. > Dangerous Goods
• Merchant - For cargo carried under the terms and conditions of the carrier's Bill of Lading and of a tariff, it means any trader or persons (e.g. shipper, consignee) and including anyone acting on their behalf, owning or entitled to possession of the goods.
• Merchant Haulage - Inland transport of cargo in shipping containers arranged by the merchant. It includes empty container-moves to and from hand-over points with respect to containers released by the carrier to merchants. Note: Carrier's responsibility under the Bill of Lading does not include the inland transport stretch under merchant haulage.
• Merchant Inspired Carrier Haulage - Carrier haulage by a carrier, which is nominated by the shipper or receiver of the goods, but paid by the carrier.
• Meta-Centric Height - Distance between the center of gravity of a vessel and a fictitious point. If the meta-centric height is zero or negative, the vessel will heel or capsize.
• MFAG - > Medical First Aid Guide
• MFN - > Most Favored Nation Status
• MGO - Marine Gas Oil. Fuel used for operating the vessel.
• Minimum Charge - Lowest amount which applies to the transport of a consignment, irrespective of weight or volume (air cargo, shipping).
• Minimum Connection Time - Shortest amount of time needed to move transshipments successfully from an arriving flight to the next departing flight.
• Minimum Inventory - Planned minimum allowable inventory for an independent demand item.
• Mixed Consignment - Consignment of different commodities, articles or goods, packed or tied together or contained in separate packages.
• Mode of Transport - Method of transport used for the conveyance of goods (e.g. by rail, by road, by sea).
• Most Favored Nation Status - Abbreviation: MFN. Provision of certain international agreements, including the General Agreement on Tariffs and Trade (GATT), which affords countries the right to have their goods treated no less favorably than the goods of any other country. For example, the GATT MFN clause gives each member the right to have customs duties levied upon its products at the lowest rate offered to any other member nation.
• MPC Multi Purpose Carrier - > Multi-Purpose Vessel
• MTO/Carrier - > Multimodal Transport Operator/Carrier
• Multi-Purpose Carrier - > Multi-Purpose Vessel
• Multi-Purpose Vessel - Vessel designed for the carriage of different types of cargo: general, bulk, heavy and/or containerized cargo. > Multi-Purpose Carrier
• Multimodal Transport - Carriage of goods (containers) by at least two different modes of transport.
• Multimodal Transport Document - > Combined Transport Document
• Multimodal Transport Operator/Carrier - Abbreviation: MTO/Carrier. Entity on whose behalf the transport document or any document evidencing a contract of multimodal carriage of goods is issued and which is responsible for the carriage of goods pursuant to the contract of carriage.
• Multiple Sourcing - Selecting of and working with more than two equivalent suppliers for a certain product.