N

And; North

N CONT

North Continent

N.A.S.D.I.M.

National Association of Securities Dealers and Investment Managers

N.A.T.O.

Noth Atlantic Treaty Organization

N.C.A.R.

No claim for accident reported

N.C.I.T.D.

National Committee on International Trade Documentation

N.C.V.

No commercial value

N.E

Not east of

N.E.D.C.

National Economic Development Council

N.E.M.

Not elsewhere mentioned.

N.E.S.

Not elsewhere specified.

N.H.P.

Nominal horse-power

N.K.O.R.L.

No known or reported loss

N.M.A.

(Lloyd's) Underwriters Non-Marine Association

N.M.F.C.

National Motor Freight Classification.

N.N

Not north of

N.O.C.

Notice of cancellation

N.O.P.

Net operating profit

N.P.C.F.B.

North Pacific Coast Freight Bureau.

N.V.O.C.C.

Non vessel operating common carrier

N.Y.T.

New York Standard Time

N/A

Not applicable / Not acceptable / Not available

N/B

New building

N/C

New charter, New crop

N/E

Not east of

N/N

Not north of

N/S

Not south of

N/W

Not west of

N/a

No advice, No account, Not applicable

N/f

No funds

N/m

No mark

N/t

New terms (grain trade)

NA

North Atlantic; North America; nearest approach

NAA

Not always Afloat

NAABSA

Not Always Afloat but Safely Aground

NAC

National Advisory Council on International Monetary and, Financial Policies

NAFTA (NORTH AMERICAN FREE TRADE AGREEMENT)

A free trade agreement comprising the U.S.A., Canada, and Mexico.

NAP

Naphta

NATIONAL CARGO BUREAU

A private organization having representatives throughout the main harbors in the U.S. It is empowered to inspect cargoes of a hazardous nature and issue certificates which are automatically approved by the Coast Guard.

NATIONAL CARRIER

A flag carrier owned or controlled by the state.

NB

New building

NCB

National Cargo Bureau

NCP

National Oil and Hazardous Substances Pollution Contingency Plan

NCR

Non-conformance report (ISM)

NCS

Norwegian Continental Shelf

NCSA

North Coast South America

NCV

No commercial value

NDER

National Defense Executive Reserve

NDFCAPMQS

No Deadfreight For Charterers Account Provided Minimum Quantity Supplied

NEAP TIDES

The opposite to Spring Tides

NEC

Abbreviation for Not Elsewhere Classified.

NEGOS

Negotiations

NEOBIG

Not East of but including Greece

NEOBIGEAYF

Not east of but including Greece and excluding Albania, Yoguslavia and former Yoguslavia

NEOBIGEYFY

Not east of but including Greece and excluding Yoguslavia and former Yoguslavia and Albania

NEOBULK

Shipments consisting entirely of units of a single commodity, such as cars, lumber, or scrap metal.

NEP

Not elsewhere provided

NES

Abbreviation for Not Elsewhere Specified.

NESTED SOLID

When three or more different sizes of an article are placed within each other so that each article will not project above the next lower article by more than 1/4 inch.

NESTING

Implies that cargo is presented stacked in the contour of similarly shaped cargo, it may be likened to a stack of plates

NET CAPACITY

The number of tons of cargo which a vessel can carry when loaded in salt water to her summer freeboard marks. Also called cargo carrying capacity, cargo deadweight, and useful deadweight.

NET TERMS

Free of charters' commission.

NET TONNAGE

Equals gross tonnage minus deductions for space occupied by crew accommodations, machinery, navigation equipment, and bunkers. It represents space available for cargo (and passengers). Canal tolls are based on net (registered) tonnage.

NET WEIGHT (ACTUAL NET WEIGHT)

The 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.

NEWCT

North East of West Coast Italy

NG

Nigeria

NHC

No heat crude

NHP

Nominal horse power

NIS

Norwegian International Ship Registry

NJ

New Jason clause in C/P

NK

Nippon Kaiji Kyokai

NKK

Nippon Kaiji Kyokai

NM

Nautical mile

NMD

Norwegian Maritime Directorate

NMFC

National Motor Freight Classification.

NMPD

Nautical miles per day

NNGWB

Not north of George Washington Bridge (i.e. New York)

NNOGWB

Not North Of George Washington Bridge

NO

Number

NO OBJECTION FEE

A sum of money normally paid by a charter airline to a scheduled airline in order that it waives its right of objection to its government, thus allowing a charter to take place. The amount is usually a fixed percentage of the gross cost of a charter. Tantamount to a bribe, this is common practice in the Middle East and Africa.

NOAA

National Oceanic and Atmospheric Administration

NOBL

Not On Banned List

NOE

Not Otherwise Enumerated.

NOHP

Not Otherwise Herein Provided.

NOI

Abbreviation for Not Otherwise Indexed.

NOIBN

Abbreviation for Not Otherwise Indexed By Name.

NOKUS - company

Norwegian controlled foreign company in lowtax country

NOLA

New Orleans

NOM

Nominations

NON REV

Non Reversible Laytime

NON-CONFERENCE LINE

A shipping line which operates on a route served by a liner conference but which is not a member of that conference.

NON-REVERSIBLE

then saved days will not be added to discharge time allowed.

NOPAC

North Pacific (Ports)

NOR

Notice of Readiness, or Not Otherwise Rated.

NOR T & A

Notice of Readiness tendered and accepted

NORSKE VERITAS

Norwegian classification society.

NORT

Notice of Readiness tendered

NOS

Abbreviation for Not Otherwise Specified.

NPK

Nitro Phosphatic Kompound

NR

Northern Range of Ports (in US)

NRC

National Response Centre

NRT

Net registered tons. This tonnage is frequently shown on ship registration papers; it represents the volumetric area available for cargo at 100 cubic feet = 1 ton. It often is used by port and canal authorities as a basis for charges.

NS

No sparring

NSW

New South Wales (Australia)

NT

Net Tons.

NTC

Not to count

NTCEIU

Not to count, even if used

NTCEUU

Not to count, unless used

NVIC

Navigation and Vessel Inspection Circular (USCG publication)

NVO

Non-vessel-operating common carrier, a ships agent, conducts business for the ship but does not operate the vessel.

NVOCC

Non-vessel owing common carrier

NWE

North West Europe

NY

New York

NYK

New York

NYPE

New York Produce Exchange Charter Party== Time Charter Form==

National Advisory Council on International Mo

The NAC is responsbile for coordinating U.S. participation in the international financial institutions and the policies and practices of agencies of the U.S. government that make, or participate in making, foreign loans or that engage in foreign financial, exchange, or monetary transactions. With regard to international financial institutions, the Council seeks to ensure that their operations are conducted in a manner consistent with U.S. policies and objectives and with lending and other foriegn financial activities of U.S. government agencies. The Council formulates and reviews policies and programs for use by the U.S. representatives to these institutions and advises the Secretary of the Treasury on:- Policies and selected proposed transactions of the institutions; - Proposed actions by these institutions requiring U.S. approval on such subjects as the flotation of securities, increases in quotas and subscriptions, and changes in their articles of agreement; and - Problems relating to the administration and management of the international finnancial institutions. NAC membership includes: the Departments of the Treasury (as chair), State, and Commerce, the U.S. Trade Representative, the Federal Reserve System, the Export-Import Bank, and the International Development Cooperation Agency

National Agricultural Library

In its international role, the NAL cooperates in database production, compilation of world lists of journals, publication exchange, cooperative indexing, and intern training. The NAL serves as the U.S. center for the international agricultural information system. The NAL's AGRICOLA database covers all aspects of agriculture via bibliographic records to documents, including international agricultural trade topics such as policy, research, flows of commodities, environmental, taxation, and sociological impacts. AGRICOLA is produced soley by the NAL. The NAL's Agricultural Trade and Marketing Information Center (ATMIC) disseminates information on agribusiness, countertrade (barter), exports, and trade development. The NAL is located in Beltsville, Maryland. See: Agriculture Information System

National Association of State Departments of

NASDA is a nonprofit, nonpartisan organization of the 50 state departments of agriculture and those from the trust territories of Puerto Rico, Guam, American Samoa, and the Virgin Islands. Headquarters are in Washington, D.C.

National Association of State Development Age

The National Association of State Development Agencies, NASDA, was formed in 1946 to provide a forum for directors of state economic development agencies to exchange information, compare programs, and deal with issues of mutual interest. NASDA's organization includes International Trade and Foreign Investment components. Trade activities include maintenance of a State Export Program Database

National Defense Executive Reserve

The NDER Program, which is operated by the Commerce Department's Bureau of Export Administration, recruits and trains experienced business executives and other qualified civilians to serve in key government positions during periods of emergency. These reservists would augment Department of Commerce staff as required to respond to national security emergencies.

National Intelligence Council

The NIC is comprised of the U.S. National Intelligence Officers and concentrates on problems of particular geographic regions and functional areas such as economics and chemical/biological warfare.

National Security Controls

National security controls restrict exports of U.S. goods and technology which would make a significant contribution to the military potential of another country and thus be detrimental to Western countries' national security.

National Security Council

The NSC was established by the National Security Act of 1947 to advise the President with respect to the integration of domestic, foreign, and military policies relating to national security.

National Security Directives

NSDs provide policy or procedural guidance and are signed by the President. In 1989, the President reorganized the national security council committee process (separate from the EARB). As reorganized, under the NSC, there are committees for CoCom, terrorism, nonproliferation, etc. NSDs were known as National Security Decision Directives, NSDDs, before President Bush's reorganization. NSD-1 reorganized the process; NSD-10 established the committees. The scope of coverage and the players are about the same under the NSD and NSDD processes.

National Security Override

In some cases, despite a finding of foreign availability of a controlled commodity, control is maintained over exporting the commodity because it is deemed a national security sensitive item. The term national security override is used to describe this circumstance. The term has also been used in other contexts. For example, under a November 16, 1990 directive, the President tasked the interagency control groups to move as many dual use items from the State Department's International Munitions List to the Commerce Department's Commerce Control List. In some circumstances, a national security override is applied to prevent transfer of a particular item.

National Tourism Policy Act

Legislation, passed in 1981, that created the U.S. Travel and Tourism Administration and required the establishment of the Tourism Policy Council and the Travel and Tourism Advisory Board.

National Trade Estimates Report

An annual report by USTR that identifies significant foreign barriers to and distortions of trade.

National Treatment

National treatment affords individuals and firms of foreign countries the same competitive opportunities, including market access, as are available to domestic parties.

Natural Resource Based Products

This GATT Negotiating Group was formed as a direct result of pressure from resource-rich LDCs to have an additional forum to deal with their special concerns, including the removal of barriers to trade in natural resource-based products. There are different interpretations among participants as to whether this group includes only three traditional product areas examined during the early 1980s GATT Work Program on NRBPs: non-ferrous metals and minerals; fish and fish products; and wood and wood products, or whether the Group may also discuss barriers in non-traditional product areas such as energy-based products

Nautical Mile

Distance of one minute of longitude at the equator, approximately 6,076.115. The metric equivalent is 1852.

Naval Small Craft

Any small undefined naval vessels

Negotiable B/L

The B/L is a title document to the goods, issued to the order of a party, usually the shipper, whose endorsement is required to effect is negotiation. Thus, a shipper's order (negotiable) B/L can be bought, sold, or traded while goods are in transit and is commonly used for letter-of-credit transactions. The buyer must submit the original B/L to the carrier in order to take possession of the goods

Negotiable Instruments

A document of title (such as a draft, promissory note, check, or bill of lading) transferable from one person to another in good faith for a consideration. Non-negotiable bills of lading are known as straight consignment. Negotiable bills are known as order b/l's.

Negotiating Group

Within the Uruguay Round, a negotiating group is a forum in which contracting parties plan and manage the multilateral negotiations dealing with a particular issue. In the Uruguay Round, there are two major groups, the Group of Negotiations on Goods (GNG) and the Group on Negotiations of Services (GNS). Within the GNG, there are 14 issue-oriented subgroups.

Nested

Articles packed so that one rests partially or entirely within another, thereby reducing the cubic-foot displacement.

Net Foreign Investment

Net foreign investment is the sum of U.S. exports of goods and services, receipts of factor income, and capital grants received by the United States (net), less the sum of imports of goods and services by the United States, payments of factor income, and transfer payments to foreigners (net). It may also be viewed as the acquisition of foreign assets by U.S. residents, less the acquisition of U.S. assets by foreign residents. It includes the BPA statistical discrepancy.

Net Tare Weight

The weight of an empty cargo-carrying piece of equipment plus any fixtures permanently attached.

Net Tonnage (NT)

(0.2+0.02 log10(Vc)) Vc (4d/3D)2, for passenger ships the following formula is added: 1.25 (GT+10000)/10000 (N1+(N2/10)), where Vc is the volume of cargo holds, D is the distance between ship's bottom and the uppermost deck, d is the draught N1 is the number of cabin passengers, and N2 is the number of deck passengers.) Ton is figured as an 100 cubic foot ton.

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.

Netlayer

A naval vessel for laying submarine nets from boom defences

Nett Terms

Opposite to Gross Terms

Neutral Body

An organization established by the members of an ocean conference acts as a self-policing force with broad authority to investigate tariff violations, including authority to scrutinize all documents kept by the carriers and their personnel. Violations are reported to the membership and significant penalties are assessed.

No-show

Cargo which has been booked but does not arrive in time to be loaded before the vessel sails. See also Windy Booking.

Nomenclature of the Customs Cooperation Counc

The Customs tariff used by most countries worldwide. It was formerly known as the Brussels Tariff Nomenclature and is the basis of the commodity coding system known as the Harmonized System.

Non cumulative

A revolving letter of credit that prohibits the amount not used during the specific period from being available afterwards

Non-Dumping Certificate

Required by some countries for protection against the dumping of certain types of merchandise or products.

Non-Negotiable B/L

See Straight B/L. Sometimes means a file copy of a B/L.

Non-Vessel Operating Common Carrier (NVOCC)

A cargo consolidator in ocean trades who will buy space from a carrier and subsell it to smaller shippers. The NVOCC issues bills of lading, publishes tariffs and otherwise conducts itself as an ocean common carrier, except that it will not provide the actual ocean or intermodal service.

Nose

Front of a container or trailer - opposite the tail.

Noxious

Harmful to personnel or the environment.

Nuclear Fuel Carrier

A cargo vessel arranged to carry nuclear fuel in flasks

Nuclear Fuel Carrier (with Ro-Ro facility)

A nuclear fuel carrier which is loaded and unloaded by way of a ro-ro ramp