Personally I leave it set to depth below keel, to which I add 1.5 metres for actual depth. There is a special corner of hell reserved for the person who then reset it to actual depth and did not tell me or put it back again! Fortunately I had already slowed right down thinking ... surprised there's this much water here as we came to a sudden stop.
Since lateral means side, multilateral means basically many-sided. The philosophy of multilateralism claims that the best solutions generally result when as many of the world's nations as possible are involved in discussions, and multilateralists often favor strengthening the United Nations.
diplomacy(Noun) The art and practice of conducting international relations by negotiating alliances, treaties, agreements etc., bilaterally or multilaterally, between states and sometimes international organisms, or even between policies with varying status, such as those of monarchs and their princely vassals.