Freight, shipping and chartering glossary
Term | Meaning |
---|---|
Manifest | A list of all cargoes that pertain to a specific shipment, grouping of shipments, or piece of equipment. |
Marine Insurance | Loss and damage insurance at sea excludes losses that can be recovered from the carrier. |
Material Safety Data Sheet (MSDS) | A document that contains information about the physical, chemical, explosive, and radioactive data of hazardous materials in a shipment. |
Measurement ton | Forty cubic feet; used in water transportation rate making. |
Merchandise Processing Fee (MPF) | A fee for customs clearance and border protection related to most imported goods, whether formal or informal entry. |
Modal split | The relative use that companies make of transportation modes; the statistics include ton-miles, passenger-miles, and revenue. |
Multimodal Shipping | The use of more than one mode of transport for the transport of goods. |