| M |
|
A | B | C | D | E | F | G | H | I | K-L | M | N | O | P | Q-R | S | T | U-Z
|
| M/N |
Marks and Numbers. |
| M3 |
Cubic Meters. |
| Manufacturer's Certificate |
A Certificate of Manufacture is used when a buyer intends
to pay for goods prior to shipment, but the lead time for the
manufacturing process is lengthy and the buyer does not which
to tie up funds too far in advance. Usually, the goods are manufactured
after a small down payment. when the goods have been manufactured,
the seller prepares a Manufacturer's Certificate stating that
the goods ordered have been produced in accordance with the
contract with the buyer. Upon receiving the certificate, the
buyer forwards both payment and shipping instructions, and the
shipment is made by the seller. |
| Marine Cargo Insurance |
Average - A term in marine cargo insurance
signifying loss or damage to merchandise. General average -
A loss arising out of a voluntary sacrifice made of any part
of a shipment or cargo to prevent loss of the whole and for
the benefit of all persons concerned. FPA - Free of particular
average - a provision in a marine cargo insurance policy that
no claim shall be paid for damage to goods in the course of
a voyage unless a loss is sustained that totals or exceeds a
certain percentage of the value as specified in the policy.
The object of such a provision is the avoidance of petty claims.
Open Policy - A contract between an insurance company and the
exporter by which all shipments made by the assured are automatically
protected from the time the merchandise leaves the initial shipping.
Particular average - A partial loss or damage of merchandise
caused by a peril insured against, but which is not a general-average
loss. |
| Merchandise Processing Fee (MPF) |
Merchandise Processing Fee (MPF) is an automatic charge US Customs applies on imports into the USA. Merchandise Processing Fee (MPF) -0.21% (.0021) of Invoice Value, Minimum $25, Maximum $480. |
MLB
 |
Mini-Land Bridge. |
