Terms used in shipping such as Marks & Nos,Marks of Origin,Marlinespike,Master Airwaybill,Maximum Rate,mean low water

 

 

Terms used in shipping such as Marks & Nos,Marks of Origin,Marlinespike,Master Airwaybill,Maximum Rate,mean low water etc.]

This post explains about terms used in shipping such as Market Disruption, Marking,Marks & Nos,Marks of Origin,Marlinespike,Master Airwaybill,Maximum Rate,mean low water,Measurement Ton 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

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 Promotion Program - The Market Promotion Program (MPP) was authorized by the Food, Agriculture, Conservation, and Trade Act of 1990 and is administered by the U.S. Department of Agriculture's Foreign Agricultural Service. Under the MPP, surplus stocks or funds from the Commodity Credit Corporation are used to partially reimburse agricultural organizations conducting specific foreign market development projects for eligible products in specified countries. Proposals for MPP programs are developed by trade organizations and private firms. Activities financed by the programs vary from commodity to commodity, and include activities such as market research, construction of a three-story wood demonstration building, construction of a model feed mill, and consumer promotion activities. (MPP is broader in scope than the Targeted Export Assistance [TEA] program, repealed by the 1990 Farm Bill, whose purpose was to assist exports of commoditis hurt by unfair foreign trade practices.)

 

Market-Oriented Cooperation Plan - The MOCP, established in 1990, is aimed at improving long-term business relations between Japan's automotive manufacturers and U.S. auto parts suppliers.

Terms used in shipping such as Mercosur, merchant , Mercantile marine,Microbridge,Mini-Bridge,Mini Landbridge,Minimum Charge etc

Market-Oriented Sector-Selective - The MOSS talks were begun in January 1985 as bilateral trade discussions between the U.S. and Japan in an effort to remove many trade barriers at once in a given sector. MOSS talks have focused on five sectors: (a) telecommunications, (b) medical equipment and pharmaceuticals, (c) electronics, (d) forest products, and (e) auto parts. Overall, the talks focus high-level attention on reducing certain market obstacles opening communication channels to resolve follow-up disputes.

 

Marking (for marks) - It is the marking on the cargo to indicate the country of origin where the article was produced.

Marking:Letters, numbers, and other symbols placed on cargo packages to facilitate identification. Also known as marks.

MARKINGS:The physical markings on a product indicating the country of origin where the article was produced.

Marks & Nos:Marks & Numbers placed on packages for export for identification purposes; generally a triangle, square, circle, diamond, or cross with letters and/or numbers and port discharge.

Marks and Numbers:Marks and Numbers placed on packages for export for identification purposes; generally a triangle, square, circle, diamond, or cross with letters and/or numbers and port discharge. They are of important use before containerization.

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.

Marlinespike:A pointed metal spike, used to separate strands of rope in splicing.

MARPOL 73/78?The International Convention for the Prevention of Pollution from Ships, 1973, as modified by the Protocol of 1978.

marshaling yard: This is a container parking lot, or any open area where containers are stored in a precise order according to the ship loading plan. Containers terminals may use a grounded or wheeled layout. If the cargo box is placed directly on the ground, it is called a grounded operation. If the box is on a chassis/trailer, it is a wheeled operation.

MASTER (CAPTAIN):Highest officer aboard ship. Oversees all ship operations. Keeps ships records. Handles accounting and bookkeeping. Takes command of vessel in inclement weather and in crowded or narrow waters. Handles communications. Receives and implements instructions from home office.

Master Airwaybill (MAWB) :Transit document issued by an airline

Master B/L:The term used for the B/L issued by a shipping company to a freight forwarder for all of the goods covered by one or more House B/Ls on the one ship going from one loading port to one destination port.

Master Bill of lading (MB/L):See “Ocean Bill of lading”.

Master Inbond:U.S. Customs' automated program under AMS. It allows for electronic reporting of inbound (foreign) cargoes in the U.S.

Master Lease Leasing Cost:Master lease leasing cost includes container rental, depot lift-on/lift-off charge, on/off hire drayage, drop-off charge and offhire repair cost, etc. Due to off-hire quota limitation, the average on-hire period is around 73 days for 20'GP, 40'GP and 102 days for 40'HQ.

Master Lease:Master lease is one form of a short-term lease, which refers to the leasing of the containers by carriers from those leasing companies.

master: The officer in charge of the ship. "Captain" is a courtesy title often given to a master.

Matchmaker Events - Matchmaker trade delegations are organized and led by the International Trade Administration to help new-to-export and new-to-market firms meet prescreened prospects who are interested in their products or services in overseas markets. Matchmaker delegations usually target two major country markets and limit trips to a week or less. This approach is designed to permit U.S. firms to interview a maximum number of prospective overseas business partners with a minimum of time away from their home office. The program includes U.S. embassy support, briefings on market requirements and business practices, and interpreter services. Matchmaker events, based on specific product themes and end-users, are scheduled for a limited number of countries each year.

Mate's Receipt:An archaic practice. An acknowledgement of cargo receipt signed by a mate of the vessel. The possessor of the mate's receipt is entitled to the bill of lading, in exchange for that receipt.

 

Max - Maximum.

Maximum Payload:Maximum cargo that can be loaded into a container either by weight or volume.

Maximum Rate:The highest freight rate permitted by a regulatory body to apply between points.

MBM:1,000 board feet. One MBM equals 2,265 C.M.

MC - Minister Counsellor

MCCA - Mercado Com£n Centroamericano

MCFS:Abbreviation for "Master Container Freight Station." See CFS.

MCTL - Militarily Critical Technologies List

MDBs - Multilateral Development Banks

Mdse. – Merchandise

mean high water (MHW): Highest average level water reaches on an outgoing tide.

mean low water (MLW): Lowest average level water reaches on an outgoing tide.

Measurement Cargo:Freight on which transportation charges are calculated on the basis of volume measurement.

Measurement Ton - It is also known as the cargo ton or freight ton. It is a space measurement, generally 40 cubic feet or one cubic meter.

Measurement Ton:1 cubic meter. One of the alternative bases of Freight Tariff.

Measurement Ton:Bale cubic in units of 40 cubic feet to the ton. A capacity of 10,000 M/T is the same as 400,000 cubic feet .

Measurement Ton:One cubic meter. One of the alternative bases of Freight Tariff.

The above details describes about terms called in shipping such as Market Disruption, Marking,Marks & Nos,Marks of Origin,Marlinespike,Master Airwaybill,Maximum Rate,mean low water,Measurement Ton 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 Mano River Union,Maquiladora,Marine Insurance ,Maritime,Market Access

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