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A B C D E F G H I L M N O P Q/R S T U/V W Y/Z |
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Manifest |
Document that lists in detail all the bills of lading issued by a vessel or its agent or master; i.e., a detailed summary of the total cargo of a vessel. Used principally for customs purposes.
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Maritime |
Business pertaining to commerce or navigation transacted upon the sea or in seaports in matters under jurisdiction by the court of admiralty.
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Marine cargo insurance |
Average — A term in marine cargo insurance signifying loss or damage to merchandise. General average — A loss arising out of a voluntary sacrifice made of any part of a shipment or cargo to prevent loss of the whole and for the benefit of all persons concerned. FPA — Free of particular average. A provision in a marine cargo insurance policy that no claim shall be paid for damage to goods in the course of a voyage unless a loss is sustained that totals or exceeds a certain percentage of the value as specified in the policy. The object of such a provision is the avoidance of petty claims. Open policy — A contract between an insurance company and the exporter by which all shipments made by the assured are automatically protected from the time the merchandise leaves the initial shipping point until delivery at destination. Particular average — A partial loss or damage of merchandise caused by a peril insured against, but which is not a general-average loss. WPA — With particular average. Insurance against partial loss regardless of percentage of such loss. |
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Minimum bill of lading |
Ocean bills of lading are known as minimum because they contain a clause that specifies the least charge that the carrier will make for issuing a lading. The charge may be a definite sum or the current charge per ton for any specified quantity.
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Mixed containerload |
A containerload of different articles in a single consignment.
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M.L.B. |
Mini landbridge. An intermodal system for transporting containers from/to a foreign country by water to/from a U.S. port city by rail. In regards to APD and APL, applies to transport between Asian and U.S. port cities on the East and Gulf Coasts on through rates and documents.
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