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Multinational Corporation
A multinational corporation is a business which owns or controls product or service facilities outside the country in which it is based.
Multilateral Steel Agreement
Attainment of an MSA was an achievement intended as part of the
Multilateral Agreement
An international compact in which three or more parties participate.
MTO
Multimodal transport operator
mst.
Measurement
MOU
Memorandum of Understanding
Mort.
Mortality
mobile crane
General purpose crane capable of moving around a port. Some types are capable of lifting very heavy loads.
Mixed Credit
Mixed credit refers to the practice of combining concessional and market
mixed cargo
More than one product carried on board a ship.
MIN./DEP.
Minimum and deposit premium
Min. B/L
Minimum Bill of Landing
MIA
Marine Insurance Act
MHz
Megahertz
metric ton
1,000 kilograms.
merchant marine
All the ships of a country carrying goods.
merchant
Term often used in liner bills of lading to describe the shipper, receiver or consignee, bill of lading holder or the agent of any of these.
Memoranda of Understanding
See: International Agreements.
Mdse.
Merchandise
Marks of Origin
The physical markings on a product that indicate the country of origin where the article was produced. Customs rules require marks of origin of most countries.
Market Disruption
Market disruption refers to the situation which is created when a surge of imports in a given product line causes sales of domestically produced goods in a particular country to decline to an extent that the domestic producers and their employees suffer major economic hardship.
Market Access
The ability of a domestic industry to penetrate a related market in a foreign country. The extent to which the foreign market is accessible generally depends upon the existence and extent of trade barriers.
Market Access
Market access refers to the openness of a national market to foreign products. Market access reflects a government's willingness to permit imports to compete relatively unimpeded with similar domestically produced goods.
Marine Cargo Insurance
Broadly, insurance covering loss of, or damage to, goods at sea. Marine insurance typically compensates the owner of merchandise for losses in excess of those which can be legally recovered from the carrier that are sustained from fire, shipwreck, piracy, and various other causes. Three of the most common types of marine insurance coverage are "free of particular average" (f.p.a.), "with average" (w.a.), and "All Risks Coverage."
manifest
Document containing a full list of a ship's cargo that is extracted from the bill of lading. A copy, known as the outward manifest is kept with the Customs authorities at the port of loading. Another copy, known as the inward manifest is kept at the discharge port.
Mal.d.
Malicious damage
main port
Port that handles a significant proportion of a country's seaborne trade. It normally can accommodate many ships and has a wide range of facilities.
Machy
Machinery
M/D
Memorandum of deposit
M/d
Malicious damage
M.T.
Mean Time
M.S.
Motor ship, Machinery survey
M.R.
Mate's receipt
M.P.L.
Maximum probable loss
M.O.H.
Medical Officer of Health
M.I.P.
Marine Insurance Policy
M.H.
Main Hatch
m. pack
Missing package
M. & W.
Marine and war risks
m
meter