

An undated Margot photograph shows the entire emblem white. An early monochrome view also appears to show a light M and waves below a very narrow dark band. Rosanoski considers possible continuity from J.A. Johansson: the M may refer to the margarine-oil trade, client Margarinbolaget, the vessel names or a combination.
A second undated Margot photograph documents a different colour version. Its place in the sequence is uncertain: Margot may earlier have shared Margita’s T447 colours, or changed to the separately illustrated M773 and M774 versions.
No definite operator-period allocation.