Terms used in shipping such as Misdescription,Mixed Credit,mixed cargo,mobile crane,Molchop,mooring dolphin

 

Terms used in shipping such as Misdescription,Mixed Credit,mixed cargo,mobile crane,Molchop,mooring dolphin etc.

 

 

This post explains about terms used in shipping such as Misdescription,Mixed Credit,mixed cargo,mobile crane,Molchop,mooring dolphin,Motor ship,Major Projects Agreement 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

 

Ministry of Posts and Telecommunications - MPT is Japan's telecommunications regulatory agency. The Ministry is authorized to adjust supply and demand among service providers to ensure that there is not excessive competition in a given market. To do so, MPT issues "administrative guidance" to the industry and recommends "unification" when there appears to be excessive competition in a given market.

 

MIPR - Manufactured Imports Promotion Organization

 

Terms used in shipping such as Misdescription,Mixed Credit,mixed cargo,mobile crane,Molchop,mooring dolphin etcMIRAID:Maritime Institute for Research and Industrial Development.

 

Misdescription - Incorrect information concerning a ship given by the shipowner to a charterer or concerning cargo given by a charterer or shipper to a shipowner or shipping line. This may give raise to a claim for extra costs or damages or, in some cases, cancellation of the contract of carriage.

 

Missile Technology Control Regime - The purpose of the MTCR is to limit the proliferation of missiles "capable of delivering nuclear weapons," to increase regional stability, and to convey publicly the firm resolve of the partners to address this issue. In April 1987, Canada, France, Germany, Japan, the U.K., and the U.S. agreed to establish the MTCR. The regime expanded to include 23 countries, with the addition of Australia, Austria, Belgium, Denmark, Finland, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, and Swizterland. The MTCR does not have permanent organizations but convenes regular meetings to exchange information and coordinate member country stands. Under the MTCR, each member administers missile-related export controls independently. After the MTCR agrees that certain goods and technologies should be controlled for missile proliferation reasons, each member must implement the controls in its own domestic legislation. There is no international entity that oversees the implementation and enforcement of MTCR controls. Items and technology agreed by the MTCR partners to be controlled are listed in the MTCR Annex. The Annex is divided into two groups: Category I (consisting of complete rocket and unmanned air vehicle systems and subsystems) and Category II (encompassing components, equipment, technology, materials used in missile design, development, production or use).

 

MITI - Japan's Ministry of International Trade and Investment

 

MITI - Ministry of International Trade and Industry

 

mixed cargo - More than one product carried on board a ship.

 

Mixed Container Load:A containerload of different articles in a single consignment.

 

Mixed Credit - Mixed credit refers to the practice of combining concessional and market-rate export credit as an export promotion mechanism.

 

MIXED SHIPMENT:A shipment consisting of more than one commodity, articles described under more than one class or commodity rate item in a tariff.

 

MKR - Matchmaker Program

 

MLB:Abbreviation for "Mini Landbridge."

 

MLWN - Mean low water neaps.

 

MLWS - Mean low water springs.

 

MM:Mercantile Marine.

 

MOA:Memorandum of agreement

 

mobile crane - General purpose crane capable of moving around a port. Some types are capable of lifting very heavy loads.

 

MOCP - Market-Oriented Cooperation Plan

 

Modified Atmosphere:A blend of gases tailored to replace the normal atmosphere within a container.

 

MODU:Mobile Offshore Drilling Unit.

 

MOFERT - China's Ministry of Foreign Economy Relations and Trade

 

MOFERT - Ministry of Foreign Economic Relations and Trade

 

Moffitt Truck:Lorry / Truck with a Fork-lift attached

 

MOL - More or Less.

 

Molchop - More or Less in Charterer's Option - Option allowed to a voyage charterer to load up to a certain quantity, normally expressed as a percentage or a number of tons, over or under a quantity specified in the contract of carriage. This option maybe sought if the charterer is not certain of the exact quantity that will be available at the time of loading.

 

MOLOO - More or Less in Owner's Option - Option allowed to a shipowner to carry up to a certain quantity, normally expressed as a percentage or number of tons, over or under a quantity specified in the voyage charter. This option may be sought if the shipowner is not certain what the ship's cargo capacity will be, taking into consideration bunkers, stores and fresh water, or if he wants flexibility to adjust the ship's trim.

 

mooring dolphin: A cluster of pilings to which a boat or barge ties up.

 

MOORING LINE:A cable or line to tie up a ship.

 

More in dispute if on board to be delivered - Notation appearing on a Bill of Lading when the shipper is In disagreement with the ship as to the number of pieces or package tallied on board.

 

Mort. – Mortality

 

MOSS - Market-Oriented, Sector-Selective

 

Most Favored Nation Treatment - A commitment that a country will extend to another country the lowest tariff rates it applies to any other country. All contracting parties undertake to apply such treatment to one another under Article I of GATT. When a country agrees to cut tariffs on a particular product imported from one country, the tariff reduction automatically applies to imports of this product from any other country eligible for most-favored nation treatment. This principle of nondiscriminatory treatment of imports appeared in numerous bilateral trade agreements prior to establishment of GATT. A country is under no obligation to extend MFN treatment to another country unless both are bilateral contracting parties of the General Agreement on Tariffs and Trade or MFN treatment is specified in a bilateral agreement.

 

motor ship (MS) or motor vessel (MV): A ship propelled by internal-combustion engines.

 

MOU - Memorandum of Understanding

 

MPA - Major Projects Agreement

 

MPP - Market Promotion Program

 

MPT - Ministry of Posts and Telecommunications

 

MRA - Mutual Recognition Agreement

 

MRU - Mano River Union

 

MS - Motor ship.

 

MSA - Multilateral Steel Agreement

 

MSA:Maritime Security Act.

 

MSB:Maritime Subsidy Board.

 

MSN Master B/L Sequential Number - assigned by shipping company

 

MSP:Maritime Security Program.

 

mst. – Measurement

 

MT - Metric ton - 1,000 kilograms.

 

MT - Multilateral Trade Organization

 

MT (M/T):(a) Metric Ton or Cubic meter. (b) Empty container. (c) Multimodal Transport.

 

The above details describes about terms called in shipping such as Misdescription,Mixed Credit,mixed cargo,mobile crane,Molchop,mooring dolphin,Motor ship,Major Projects Agreement 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 Mercosur, merchant , Mercantile marine,Microbridge,Mini-Bridge,Mini Landbridge,Minimum Charge

 

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