Logistic terms
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Master Air Waybill
Abbreviation: MAWB. Air Waybill issued by the originating airline when more than one airline is involved with a shipment, or when a freight forwarder issues a House Air Waybill. Air WaybillHouse Air Waybill
Abbreviation: MAWB. Air Waybill issued by the originating airline when more than one airline is involved with a shipment, or when a freight forwarder issues a House Air Waybill. Air WaybillHouse Air Waybill
Mate's Receipt
Document signed by the chief officer of a vessel acknowledging the receipt of a certain consignment on board of that vessel. On this document, remarks can be made as to the order and condition of the consignment.
Document signed by the chief officer of a vessel acknowledging the receipt of a certain consignment on board of that vessel. On this document, remarks can be made as to the order and condition of the consignment.
Material Circumstance
Any circumstances which would influence the judgment of a prudent underwriter in determining whether to accept a risk and the amount of premium to charge.
Any circumstances which would influence the judgment of a prudent underwriter in determining whether to accept a risk and the amount of premium to charge.
Material Representation
Statement made to the underwriter before acceptance of risk which is material to the decision in accepting and rating the risk.
Statement made to the underwriter before acceptance of risk which is material to the decision in accepting and rating the risk.
Materials Handling
Activities of loading, unloading, placing and manipulating material and of in-process movement.
Activities of loading, unloading, placing and manipulating material and of in-process movement.
Means of Transport
Type of vehicle used for the transport of goods (e.g. aircraft, barge, truck, ship or train).
Type of vehicle used for the transport of goods (e.g. aircraft, barge, truck, ship or train).
Measurement Ton
Ton of one cubic meter water.
Ton of one cubic meter water.
Mechanics Lien
Legal enforceable claim that a person who has performed work or provided materials is permitted to make against title to the property or as a preferential person in the event the estate or business is liquidated.
Legal enforceable claim that a person who has performed work or provided materials is permitted to make against title to the property or as a preferential person in the event the estate or business is liquidated.
Medical First Aid Guide
Abbreviation: MFAG. Instructions to be consulted in case of accidents involving dangerous goods. Dangerous Goods
Abbreviation: MFAG. Instructions to be consulted in case of accidents involving dangerous goods. Dangerous Goods
Merchant
For cargo carried under the terms and conditions of the carrier's Bill of Lading and of a tariff, it means any trader or persons (e.g. shipper, consignee) and including anyone acting on their behalf, owning or entitled to possession of the goods.
For cargo carried under the terms and conditions of the carrier's Bill of Lading and of a tariff, it means any trader or persons (e.g. shipper, consignee) and including anyone acting on their behalf, owning or entitled to possession of the goods.
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