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A-Z Dictionary of Export, Trade and Shipping Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

N

Named Point
See "Specific Delivery Point."
Navigation
The act of determining position, location and course to the destination of an aircraft or avessel.
Negligence
Imprudent action or omission which may cause injury, damage or loss.
Negotiable
In terms of documents, 'negotiable' means that e.g. a Bill of Lading is handedover/transferred in the right manner (viz. proper endorsement) to another person eitherendorsed in blank or endorsed to a person and that person acquires, by this transfer certainrights vis-żis the goods e.g. is entitled to take possession of the goods.
Net Manifest
A manifest containing all freight details including negotiated disbursements.
Net Weight
Weight of the goods alone without any immediate wrappings; e.g., the weight of the contents of a tin can without the weight of the can. See "Legal Weight."
Network Planning System
A technique for making a time schedule for the implementation of a project.
New Computerised Transit System
Abbreviation: NCTS
A concept for custom authorities to manage European Community and common transit,based on the use of computer systems and EDI techniques.
Nomenclature of the Customs Cooperation Council
This was known as the "Brussels Classification Nomenclature" prior to January 1, 1975. It is the customs tariff adhered to by most European countries and many other countries throughout the world, but not by the United States.
Non Vessel Operating Common Carrier
Abbreviation: NVOCC
A party who undertakes to carry goods and issues in his own name a Bill of Lading for suchcarriage, without having the availability of any own means of transport.
Normal Charge
The specified general cargo rate without any quantity discount (air cargo).
Normal General Cargo Rate
The under 45 kgs rate or, if no under 45 kgs rate exists, the under 100 kgs rate (air cargo).
Normal Rate
See Normal General Cargo Rate
Not Always Afloat But Safe Aground (NAABSA)
Regularly used in (tidal) ports where the maximum draft is often too shallow however, the bottom of the berth is such that a vessel can touch it at low tide without any form of damage to the vessel.
Notice of Readiness
  1. Written document or telex issued by the master of a vessel to thecharterers advising them the moment when a vessel is ready to load ordischarge.
  2. Document advising a consignee or his agent that cargo has arrived andis ready for delivery.
Notify Address
Address of the party other than the consignee to be advised of the arrival of the goods.
Notify Party
The party to be notified of arrival of goods.
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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