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Glossary of Terms

 

Learn more about the lingo which sometimes leave you baffled. You can search for the explaination of various terms and Acronyms used in Foreign trade.
Please Click on the Alphabets given under to pull out from the Web the meanings of the terms

Manifest: A list of the goods being transported by a carrier.

Marine Insurance: An insurance which will compensate the owner of goods transported overseas in the event of loss which cannot be legally recovered from the carrier.

Maritime Administration (MARAD): A US government agency, while not actively involved in vessel operation, administers laws for maintenance of merchant marine for the purposes of defense and commerce.

Mark: As used on containers in foreign trade, a symbol or initials shown together with the port of importation and the final destination, if different. Example: A.G. y Cia., Bogota via Barranquilla. Marks are registered at appropriate customs houses; they also appear on bills of lading and invoices. In domestic trade, it is common to mark containers with the name and address of the recipient, but this is rarely done in foreign trade.

Marking: Every article of foreign origin, or its container, imported into the United States shall be permanently marked in a conspicuous place in a manner which would indicate to the ultimate purchaser the English name of the country of origin of the article.

Mate's Receipt: Receipt of cargo by the vessel, signed by the mate (similar to dock receipt).

Measurement Ton: The measurement ton (also known as the cargo ton or freight ton) is a space measurement, usually 40 cubic feet or one cubic meter. The cargo is assessed a certain rate for every 40 cubic feet or 1 cubic meter it occupies.

Min. B/L: Minimum bill of lading

M.M.: Mercantile marine

MFN (Most Favored Nation): Designation for countries which receive preferential tariff rates. This is no longer the best tariff structure available.

M/R: Mate's Receipt

M/T: Metric Ton (2204 lbs.)

mt.: Empty

M/V or M.V.: Motor vessel

MW: Minimum weight factor

Disclaimer

We publish the Industry terminology and acronyms as a courtesy to the international commerce community. While we have performed exhausting research in order to supply the most accurate and best available information we do not accept any responsibility for the usage of the terms as described in this website.

We have so many acronyms that they have been stored on seperate pages for speed in loading, please click on the alpha letter below to go to the page of the accronym you are looking for.

 
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