Lowest amount which applies to the transport of a consignment, irrespective of weight or volume (air cargo, shipping).
Shortest amount of time needed to move transshipments successfully from an arriving flight to the next departing flight.
Planned minimum allowable inventory for an independent demand item.
Consignment of different commodities, articles or goods, packed or tied together or contained in separate packages.
Method of transport used for the conveyance of goods (e.g. by rail, by road, by sea).
Abbreviation: MFN. Provision of certain international agreements, including the General Agreement on Tariffs and Trade (GATT), which affords countries the right to have their goods treated no less favorably than the goods of any other country. For example, the GATT MFN clause gives each member the right to have customs duties levied upon its products at the lowest rate offered to any other member nation.
Multimodal Transport Operator/Carrier
Vessel designed for the carriage of different types of cargo: general, bulk, heavy and/or containerized cargo. Multi-Purpose Carrier