Terms used in shipping such as Mano River Union,Maquiladora,Marine Insurance ,Maritime,Market Access

 

 

  Terms used in shipping such as Mano River Union,Maquiladora,Marine Insurance ,Maritime,Market Access etc.

 

 

This post explains about terms used in shipping such as Manifest,Mandamus,main port,Mano River Union,Maquiladora,Marine Insurance ,Maritime,Market Access etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in shipping

 

Main Deck:The deck on which the major portion of payload is carried, normally known as Upper Deck of an airplane. The full cargo freighter aircraft has it entire upper deck equipped for main deck type of containers/pallets while Combi aircraft uses it rear part of the upper deck for cargo loading. There is no upper deck or main deck type of container/pallet at passenger aircraft.

 

MAIN DECK:The main continuous deck of a ship running from fore to aft; the principle deck; the deck from which the freeboard is determined.

 

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.

 

MAINTENANCE OF WAY:The process of maintaining roadbed (rail, ties, ballast, bridges etc.) These materials are hauled in special maintenance of way cars, which also include cars that are equipped with heavy equipment, such as cranes and tie replacing machines

 

Terms used in shipping such as Mano River Union,Maquiladora,Marine Insurance ,Maritime,Market Access etcMal.d. - Malicious damage

 

Malpractice:A carrier giving a customer illegal preference to attract cargo. This can take the form of a money refund (rebate); using lower figures than actual for the assessment of freight charges (undercubing); misdeclaration of the commodity shipped to allow the assessment of a lower tariff rate; waiving published tariff charges for demurrage, CFS handling or equalization; providing specialized equipment to a shipper to the detriment of other shippers, etc.

 

Mandamus:A writ issued by a court; requires that specific things be done.

 

Manifest - a list of cargo being carried by a ship as declared by the shipper.

 

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.

 

Manifest - Document containing a full list of ship's cargo, extracted from the bills of lading. A copy, known as the outward manifest, is lodged with the Customs authorities at the port of loading. A further copy, known as the inward manifest, is similarly lodged at the discharge port, with one copy going to the ship's agent so that the unloading of the ship may be planned in advance.

 

Manifest - It is a document, which lists the specifications of the cargo of a carrier, container or warehouse.

 

Manifest : Alist of cargo being carried by a ship as declared by the shipper.

 

manifest: The ship captain’s list of individual goods that make up the ship’s cargo.

 

MANIFEST:A document containing a full list of the ship’s cargo, extracted from the bills of lading.

 

Manifest:A 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 cargoes or containers loaded in a vessel. Used principally for customs purposes. It is also called summary of Bills of Lading.

 

MANNING SCALES:The minimum number of officers and crew members that can be engaged on a ship to be considered as sufficient hands with practical ability to meet every possible eventuality at sea.

 

Mano River Union - The MRU advances common policies and cooperation on tariffs and customs regulations, on development projects, and in other economic areas. The Union instituted a common external tariff in 1977. The MRU was established in 1973; headquarters are in Freetown, Sierra Leone.

 

Manufactured Imports Promotion Organization - MIPRO is a non-profit organization, established in 1978 by the joint efforts of the Japanese Government and the private sector to promote imports of foreign manufactured products by hosting exhibitions and providing a wide range of market information. MIPRO's activities are broadly classified into three categories: (a) holding imported product trade exhibitions for buyers and the general public; (b) disseminating information regarding imported products and the Japanese market; and (c) promoting sales of foreign products to Japanese consumers to promote recognition of the quality of imported goods.

 

Maquiladora - The maquiladora (or "in-bond" industry) program allows foreign manufacturers to ship components into Mexico duty-free for assembly and subsequent reexport. Industry established under the maquiladora program is Mexico's second largest source of foreign revenue (following oil exports). The maquiladora programs was established in 1965; in December 1989, the Mexican government liberalized the maquiladora program to make this a more attractive and dynamic sector of the economy. As a result, maquiladora operations may import, duty and import license free, products not directly involved in production, but that support production, including computers and other administrative materials and transportation equipment.

 

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."

 

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."

 

Marine Insurance - An insurance, which compensates the owner of goods transported overseas in the event of loss that cannot be recovered from the carrier.

 

Marine Insurance:Broadly, insurance covering loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, piracy and various other causes but excludes losses that can be legally recovered.

 

Marine Insurance:Insurance covering loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier.

 

marine surveyor: Person who inspects a ship hull or its cargo for damage or quality.

 

MARITIME ADMINISTRATION (MARAD):A U.S. government agency, while not actively involved in vessel operation, that administers laws for maintenance of merchant marine for the purposes of defense and commerce.

 

MARITIME LIEN:A claim which attaches to the res, i.e., the ship, freight, or cargo.

 

Maritime Security Program (MSP):U.S. Department of Transportation program supports national security strategic goal to assure an intermodal sealift capability to support vital national security interests and its performance goals to meet Department of Defense intermodal sealift requirements of approximately 165, 000 TEUs of capacity by assuring access to U.S.-flag shipping and other intermodal systems to deploy unilaterally if necessary during national emergencies; and to ensure that American mariners with appropriate skills are available to crew commercial and government owned cargo ships in times of national emergency by retaining the 2, 200 U.S. citizen mariners need to crew the MSP ships in the workforce and therefore available for a national security.

 

MARITIME SUBSIDY BOARD (MSB):branch within the Maritime Administration which deals with Operating Differential Subsidy and Construction Differential Subsidy.

 

maritime: (adjective) Located on or near the sea. Commerce or navigation by sea. The maritime industry includes people working for transportation (ship, rail, truck and towboat/barge) companies, freight forwarders and customs brokers; stevedoring companies; labor unions; chandlers; warehouses; ship building and repair firms; importers/exporters; pilot associations, etc.

 

Maritime:Business pertaining to commerce or navigation transacted upon the sea or in seaports in such matters as the court of admiralty has jurisdiction over.

 

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.

 

The above details describes about terms called in shipping such as Manifest,Mandamus,main port,Mano River Union,Maquiladora,Marine Insurance ,Maritime,Market Access etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in shipping such as LUMPER,Main Hatch,Made merchantable,Maastricht Treaty,Malicious damage

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