| Malaccamax |
is a naval term for the largest ships capable
of fitting through the Straits of Malacca between
Singapore and Indonesia. A Malaccamax ship is defined
to be, with 18 000 TEUs, of 300 000 deadweight tonnage,
470 m long, 60 m wide, and 20 m of draft. The restriction
is caused by the shallow point on the Strait, where
minimum depth is 25 m.Source |
| Manipulation |
Processing wherein merchandise is packed,
unpacked, repacked, cleaned, sorted, graded or otherwise
changed in condition but not manufactured. |
| Manufacture |
Generally, the production of articles for use from
raw or prepared materials by substantially transforming
such materials into new forms. |
| Maquila/Maquiladora |
A Spanish word for factory which produces products
for export; often under sweatshop conditions. |
| Marine Insurance |
Insurance that compensates the owners of goods
transported overseas in the event of loss that cannot
be legally recovered from the carrier. |
| Market Fundamentalism |
A strategy to apply strict market principles-free
trade, privatization, and reduced government regulation-to
all countries and all situations. |
Marking |
Letters, numbers, and other symbols on cargo packages
to facilitate identification. |
| Master Credit |
In back-to-back operations, the original export
credit against which the second credit is opened |
| Maturity |
Due date of payment of a usance bill or promissory
note. |
| Mdg |
The Millennium Development Goals were adopted unanimously
by the Millennium Summit of the UN General Assembly
in 2000. The MDG goals are intended to promote human
development in order to improve living conditions
and address key global imbalances in poverty, hunger
and disease. |
| Merchandise |
Includes goods, wares, and chattels of every description
except Prohibited Merchandise, building materials,
production equipment and supplies for use in operation
of a zone. |
| Merchandise, Fungible |
Merchandise which for commercial purposes is identical
and interchangeable in all situations. |
| Merchandise, Mixed Status Foreign |
Merchandise which has been combined with Domestic
Merchandise in the zone. |
| Merchandise/Operations, |
Prohibited Merchandise, the importation of which
is prohibited by law on grounds of public policy or
morals, or excluded by order of the Foreign-Trade
Zones Board. |
