Marlo - Cargo Tolerance Option Types

Modified on Wed, 25 Jun at 1:01 AM

Cargo tolerance defines the allowable variance from the contracted cargo quantity. In Marlo, tolerance types help estimate freight revenue, manage overage/deadfreight risks, and align estimates with charter party terms.

Supported tolerance option types in Marlo

Code	Name	Who Declares	Tolerance Behavior
NOOPT	No Option	None	Cargo must match the contracted quantity exactly.
MOLOO	More or Less Owner’s Option	Owner	Owner declares a final quantity within ±% range before loading. Outside this range: deadfreight (below) or overage (above) may apply.
MOLCO	More or Less Charterer’s Option	Charterer	Charterer holds the same right to declare quantity within a given band.
MOO	More Owner’s Option	Owner	Only maximum can vary; minimum is fixed.
MCO	More Charterer’s Option	Charterer	Charterer may increase the quantity; minimum is fixed.
LOO	Less Owner’s Option	Owner	Owner can lift less than the contracted quantity; maximum is fixed.
LCO	Less Charterer’s Option	Charterer	Charterer can nominate less cargo than CP quantity.
MNMX	Minimum/Maximum Specified	Fixed	Exact min and max are specified in the contract; no % tolerance.
MNMXO	Minimum/Maximum Owner’s Option	Owner	Owner can declare a quantity between the min/max bounds.
MNMXC	Minimum/Maximum Charterer’s Option	Charterer	Charterer can declare within the fixed min/max limits.

Other Sources

Marlo - Creating a Cargo Book
Marlo - Estimation Guide