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Shipping Glossary

Shipping Glossary

LTC

LINER TERMS CHARGE

LWL

Load water line

LWS

LOW WATER SURCHARGE

M/T document

Multimodal transport document

Mandamus

A writ issued by a court. It requires that specific things be done

Manifest

Document that lists in detail all the bills of lading issued by a vessel or its agent or master, for example, a detailed summary of the total cargo of a vessel. Used principally for customs purposes

Marine Cargo Insurance

In broad terms, insurance covering loss or damage of goods at sea. Marine insurance typically compensates the owner of merchandise for losses sustained from fire, shipwreck, etc. but excludes losses that can be recovered from the carrier

Maritime

Business pertaining to commerce or navigation transacted upon the sea or in seaports in matters under jurisdiction by the court of admiralty

Marking

Letters, numbers and other symbols placed on cargo packages to facilitate identification. Also known as marks

Master Inbond

US Customs’ automated program under AMS. It allows for electronic reporting of inbond (foreign) cargoes in the US

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