| A-Z Glossary of Export, Trade and Shipping Terms
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Named Point
See "Specific Delivery Point".
Navigation
The act of determining position, location and course to the destination of an aircraft or a vessel.
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 handed over/transferred in the right manner (viz. proper endorsement) to another person either endorsed in blank or endorsed to a person and that person acquires, by this transfer certain rights of 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 Computerized 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 such carriage, 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 kg (kilogram) rate or, if no under 45 kg rate exists, the under 100 kg rate (air cargo).
Normal Rate
See "Normal General Cargo Rate".
Notice of Readiness
- Written document or telex issued by the master of a vessel to the charterer's advising them the moment when a vessel is ready to load or discharge.
- Document advising a consignee or his agent that cargo has arrived and is 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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Select a letter:
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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World of Manufacturers' Definitions listed here are informational only.
Please be advised that the terms may vary from country to country and market to market.
The information contained herein does not constitute legal advice.
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