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I failed to find a relevant meaning for MRS over the Internet as used in the following context:

Purchase Order
.... Delivery Terms: On X site including truck packing and in accordance with the requested specification.
Delivery Time: 20-24 Week from receipt of order
Payment Terms: 50% ADVANCE AGAINST BANK GUARANTEE + 50% After MRS

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  • Take a look through these. It might be marginal rate of substitution.
    – pyobum
    Commented Feb 18, 2015 at 18:03
  • Then, what does marginal rate of substitution refer? I don't think it suits the context.
    – Mehdi Haghgoo
    Commented Feb 18, 2015 at 18:37
  • That was just a very quick guess I made when looking over the list I linked to. Did you see any others that seemed to fit the context in which the initialism was used?
    – pyobum
    Commented Feb 19, 2015 at 1:56
  • Yes, actually there was another one (Marketing Requirements Specification) that seemed relevant, but not appearing yet to be a match.
    – Mehdi Haghgoo
    Commented Feb 19, 2015 at 2:00
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    @JasonStack At the moment, I guess it's either Maritime Register of Shipping (Russia) or Maintenance/Repair/Services.
    – Damkerng T.
    Commented Mar 10, 2015 at 19:37

1 Answer 1

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MRS is a fairly common logistics name:

Brazil

and is also the Mexican Railroad System

Page 5 of here

contains a similar contract to yours, it is asking the buyer for 50% up front against a bank guarantee, and 50% after delivery and installation by the logistic firm involved. In your case the logistic firm is M.R.S..

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