Glossary of Shipping Terms:
" M " (page-1)
Mafi Trailer
German brand name of a roll trailer used for RoRo purposes.
Maiden Trip
First voyage of a vessel or aircraft after delivery from new-building to her owner(s).
Main Carriage
The primary stage in the movement of cargo from the point of origin to the intended final destination.
Main-line Operator (MLO)
A carrier employing vessel(s) in the main or principal routes in a trade but not participating within a consortium.
Maintenance Chain
A sequence of events in a goods flow which preserves and/or restores the value of a specific good. This may include repairs.
Manifest
Document, which lists the specifications of goods, loaded in a means of transport or equipment for transportation purposes.
As a rule cargo the agents in the place of loading draw up manifests.
Note: For a shipping company a manifest represents a cumulation of Bills of Lading for official and administrative purposes.
Manufacturers Plate
A plate indicating the name and address of the container manufacturer and particulars of the container.
Manufacturing Process
The producing of goods or wares by manual labour or machinery, often on a large scale and with division of labour.
Manufacturing Resource Planning (MRP-II)
A method for the effective planning of a manufacturing company, being a direct out-growth and extension of MRP-I.
Marine Insurance Policy
An insurance policy protecting the insured against loss or damage to his goods occurred during ocean transport.
Market Analysis
Systematic investigation of the growth and the composition of a market.
Marketing
The process of organising and directing all the company activities which relate to determining the market demand and converting the customers buying power into an effective demand for a service and bringing that service to the customer.
Marks
See: Shipping Marks
FEATURED COMPANY
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Master Data
The set of data that is needed to establish sufficient reference material to support the maximum use of pre-coded, pre-agreed information enabling more efficient transaction messaging.
Master Production Schedule (MPS)
A realistic, detailed, manufacturing plan for which all possible demands upon the manufacturing facilities (such as available personnel, working hours, (management) policy and goals) have been considered and are visualised. The MPS is a statement of what the company expects to produce and purchase expressed in selected items, specific quantities and dates.
Mate's Receipt
A 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 Requirements Planning (MRP-I)
An inventory and purchasing planning system that integrates product components, lead times and deadlines.
Materials Handling
The activities of loading, unloading, placing and manipulating material and of in-process movement.
Materials Management
The planning and control of the activities related to the materials flow from the suppliers up to the end of the conversion/production process.
Means of Transport
Type of vehicle used for the transport of goods (e.g. aircraft, barge, truck, vessel or train).
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