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Glossary of Terms

 

Learn more about the lingo which sometimes leave you baffled. You can search for the explaination of various terms and Acronyms used in Foreign trade.
Please Click on the Alphabets given under to pull out from the Web the meanings of the terms

National Carrier: A flag carrier owned or controlled by the state.

n.e.m.: Not elsewhere mentioned (English)

n.e.s.: Not elsewhere specified

Nested: 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 33 1/3% of its height.

Nested Solid: Three of 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.

Net Terms: Free of charters' commission

Net Weight: (Actual Net Weight) Weight of goods alone without any immediate wrappings; e.g., the weight of the contents of a tin can without the weight of the can.

NMFC: National Motor Freight Classification

No Objection Certificate: Document provided by scheduled or national airlines of many countries declaring no objection to a proposed charter flight operated by another airline. Often demanded by government authorities before they grant permission for a charter flight to take place.

No Objection Fee: Sum of money paid by a charter airline normally to a scheduled airline in order that it waives its right of objection to its government, thus allowing a charter to take place. Tantamount to a bribe. The amount is usually a fixed percentage of the gross cost of a charter. Common practice in the Middle East and Africa.

N.O.E.: Not otherwise enumerated

N.O.H.P.: Not otherwise herein provided

N.O.I.: Not more specifically described

N.O.I.B.N.: Not otherwise indicated by number; Not otherwise indicated by name.

Non-Scheduled Flight: See scheduled flight.

Non-Tariff Barriers (NTB): Economic, political, administrative or legal impediments to trade other than duties, taxes and import quotas

Non-Vessel Operation Common Carrier (NVOCC): An F.M.C. registered cargo consolidator of small shipments in ocean trade, generally soliciting business and arranging for or performing containerization functions at the port. These carriers issue their own bill of lading referred to as a house bill of lading.

N.O.S.: Not otherwise specified

N.T.: Net tons

Disclaimer

We publish the Industry terminology and acronyms as a courtesy to the international commerce community. While we have performed exhausting research in order to supply the most accurate and best available information we do not accept any responsibility for the usage of the terms as described in this website.

We have so many acronyms that they have been stored on seperate pages for speed in loading, please click on the alpha letter below to go to the page of the accronym you are looking for.

 
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