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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.  
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.  
Material Representation
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.  
Means of Transport
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.  
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.  
Medical First Aid Guide
Abbreviation: MFAG. Instructions to be consulted in case of accidents involving dangerous goods. Dangerous 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.  
Merchant Haulage
Inland transport of cargo in shipping containers arranged by the merchant. It includes empty container-moves to and from hand-over points with respect to containers released by the carrier to merchants. Note: Carrier's responsibility under the Bill of Lading does not include the inland transport stretch under merchant haulage.  
Merchant Inspired Carrier Haulage
Carrier haulage by a carrier, which is nominated by the shipper or receiver of the goods, but paid by the carrier.  
Meta-Centric Height
Distance between the center of gravity of a vessel and a fictitious point. If the meta-centric height is zero or negative, the vessel will heel or capsize.  
Medical First Aid Guide
Most Favored Nation Status
Marine Gas Oil. Fuel used for operating the vessel.  
Minimum Charge
Lowest amount which applies to the transport of a consignment, irrespective of weight or volume (air cargo, shipping).  
Minimum Connection Time
Shortest amount of time needed to move transshipments successfully from an arriving flight to the next departing flight.  
Minimum Inventory
Planned minimum allowable inventory for an independent demand item.  
Mixed Consignment
Consignment of different commodities, articles or goods, packed or tied together or contained in separate packages.  
Mode of Transport
Method of transport used for the conveyance of goods (e.g. by rail, by road, by sea).  
Most Favored Nation Status
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.  
MPC Multi Purpose Carrier
Multi-Purpose Vessel
Multimodal Transport Operator/Carrier
Multi-Purpose Carrier
Multi-Purpose Vessel
Multi-Purpose Vessel
Vessel designed for the carriage of different types of cargo: general, bulk, heavy and/or containerized cargo. Multi-Purpose Carrier

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