ACRONYM | FULL WORDING | COMMENT |
MDO | Marine Diesel Oil | Oil fuel used in TYPEs of moderate power (auxiliaries, etc...) Rarely a petroleum distillate and generally a mixture of GO + HVF |
MINMAX | Minimum / Maximum | The exact quantity of cargo that vessel undertakes to load and that Charterers undertake to ship |
MOA | Memorandum of agreement | Sale contract of a vessel |
MOL | More or Less | Relates to a margin at the option of either party |
MOLOO | More or less at Owners’ option | Relates to a margin at the option of the Owners, f.i. +/- 5% on the quantity of cargo |
MS | Motor Ship | |
MT | Metric Ton | |
MT, M/T | Motor Tanker | |
MV, M/V | Motor Vessel | |