Glossary

N.M.F.C.

National Motor Freight Classification.

N.O.E.

Not Otherwise Enumerated

N.O.S.

Not Otherwise Specified

N/A

Not Applicable/Not Available

N/B

New Building

NA

Not Applicable

NA&ME

Naval Architecture and Marine Engineering

NAABSA

Not Always Afloat but Safely Aground

NACE

National Association of Corrosion Engineers.

NAFO

Northwest Atlantic Fisheries Organization

NAFTA
See North American Free Trade Agreement

NAFTA

North American Free Trade Agreement.

NAP

Network Access Point

National Carrier
A for-hire certificated air carrier that has annual operating revenues of $75 million to $1 billion; the carrier usually operates between major population centers and areas of lesser population.

National Industrial Traffic League
An association representing the interests of shippers and receivers in matters of transportation policy and regulation.

National Industrial Transportation League
An association representing shippers' and receivers' interests in matters of transportation policy and regulation.

National Motor Bus Operators Organization
An industry association representing common and charter bus firms; now known as the American Bus Association.

National Motor Freight Classification
A tariff, which contains descriptions and classifications of commodities and rules for domestic movement by motor carriers in the U.S.

National Motor Freight Classification (NMFC)
A tariff, which contains descriptions and classifications of commodities and rules for domestic movement by motor carriers in the US.

National Railroad Corporation
Also known as Amtrak, the corporation established by the Rail Passenger Service Act of 1970 to operate most of the United States' rail passenger service.

National Stock Number
The individual identification number assigned to an item to permit inventory management in the federal supply system.

Nationalization
Public ownership, financing, and operation of a business entity.

NATO

North Atlantic Treaty Organization

NAV

Naval Vessel

NAVSEA

Naval Sea System Command

NBS

National Bureau of Standards (see NIST

NBSAC

National Boating Safety Advisory Council

NC

1.Non Conformance.2.Numerically Controlled.3.Non-Continuous liner on tailshaft

NCB

National Cargo Bureau

NCB

National Cargo Bureau

NCP

National oil and hazardous substances pollution Contigency Plan.

NCV
see No Customs Value

NDE

Nondestructive Evaluation.

NDRF

National Defense Reserve Fleet

NEC

National Economic Council

NECAD

Naval Engineering CAD

NECSA

Navigational Electronic Chart System Association

Negotiable Bill of Lading
‘Something that can be negotiated, transferred or assigned from one person to another in return for equivalent value by being delivered either with endorsement (as of an instrument to order) or without endorsement (as of an instrument to bearer) so that the title passes to the transferee who is not prejudiced in his rights by any defect or flaw in the title of prior parties nor by personal defenses available to prior parties among themselves provided in both cases that the transferee is a bona fide holder without notice e.g. bills of lading, bills of exchange, promissory notes, and cheques that are payable to bearer or order are negotiable instruments, as are also, in some jurisdictions, some other instruments (as bonds, some forms of stock) i.e. negotiable paper/negotiable securities. ”Negotiable” used analogously for ”transferable” - see also negotiability/transferability.’

Negotiable BOL
Provides for the delivery of goods to a named enterprise or to their order (anyone they may designate) , but only upon surrender of proper endorsement and the bill of lading to the carrier or the carrier's agents. Also known as an order bill of lading.

Negotiated Sale
An offer without a fixed price. The owner withholds the right to accept or reject offers.

Negotiating Bank
Bank where a shipper negotiates documents or where documents are first presented, usually at country of origin. Also, often referred to as the advising bank.

Negotiations
A set of discussions between two or more enterprises to determine the business relationship.

Nested
Three or more different sizes of the same item or commodity which must be enclosed, each smaller piece within the next larger piece, or three or more of the items must be placed one within the other so that the top item does not project above the lower item by more than 1/3 of its height. Nested Solid: Three or more of items must be placed on or inside the other, so that the external side surfaces of the top item is in contact with the internal side surfaces of the item below, and the top item does not project above the next lower item by more than 1/2 inch.

Net Asset Turns
The number of times you replenish your net assets in your annual sales cycle. A measure of how quickly assets are used to generate sales. Calculation: Total Product Revenue / Total Net Assets

Net Assets
Total net assets are calculated as Total Assets - Total Liabilities; where the total assets are made up of fixed assets (plant, machinery, and equipment) and current assets which is the total of stock, debtors, and cash (also includes A/R, inventory, prepaid assets, deferred assets, intangibles, and goodwill) . The total liabilities are made up in much the same way as long-term liabilities and current liabilities (includes A/P, accrued expenses, deferred liabilities) .

Net Change MRP
An approach in which the material requirements plan is continually retained in the computer. Whenever a change is needed in requirements, open order inventory status, or bill of material, a partial explosion and netting is made for only those parts affected by the change. Antonym: Regeneration MRP.

Net Price
The remainder of the amount after any discounts have been subtracted.

Net Requirements
In MRP, the net requirements for a part or an assembly are derived as a result of applying gross requirements and allocations against inventory on hand, scheduled receipts, and safety stock. Net requirements, lot-sized and offset for lead time, become planned orders.

Net Weight
The weight of the merchandise, unpacked, exclusive of any containers.

Neutral Body
Investigating body designated by conference carriers to ensure that all regulations and rules are adhered to.

New Product Introduction
The process used to develop products that are new to the sales portfolio of a company.

New Product Introduction (NPI)
The process used to develop products that are new to the sales portfolio of a company.

NFTZ

Non free trade zone

NGMTS

Negotiating Group on Maritime Transport

NGO

Non-Governmental Organization.

NH3

AMMONIA (Anhydrous). Gas usually carried by LPG tankers at about -50 deg.c. Lighter than air, it is easily escaping from any openning and be highly dangerous to inhale in great uantity. Reacting violently with water. All degrees centigrade: Boiling point: -33, Melting point:-78, Auto-ignition:630. Molecular weight: 17, Flammable range: 15-26pc.

NI

Nautical Institute. Organization founded in 1971 located in London which promotes high professional standards among deck officers.

NIC

Newly Industrialized Country

NIHQ

Nautical Institute Headquarters, London

NIMIS

NPFC Integrated Management System.

NIS

Newly Independent States

NITL
See National Industrial Transportation League

NK

Nippon Kaiji Kyokai (Japanese Class Society)

NKK

Nippon Kaiji Kyokai. Japanese Classification Society

NL

No Liner On Tailshaft

NLD

Netherlands (Flag)

NLRB

National Labor Relations Board

NMEA

National Marine Electronics Association

NMEI

National Maritime Enhancement Institute.

NMFC
See National Motor Freight Classification

NMFS

National Marine Fisheries Service

NMREC

National Maritime Resource Center.

NNAVTEX

Navigational and meteorological warning broadcast service

NNR

National nature reserve

No Bid
A bid reply indicating that the vendor chooses not to bid.

No Customs Value
Indicates cargo or goods have no value per a customer’s assessment.

No Location (No Loc)
A received item for which the warehouse has no previously established storage slot.

NOAA

National Oceanic and Atmospheric Administration, Department of Commerce

Node
A fixed point in a firm's logistics system where goods come to rest; includes plants, warehouses, supply sources, and markets.

NOE
Not Otherwise Enumerated

NOE

Not Otherwise Enumerated.

Non Vessel Operating Common Carrier
A firm who issues bills of lading for carriage of goods on vessels that are not owned or operated by them. NVOCCs usually act as consolidators, accepting less-than-containerload shipments and consolidating them into full container loads .

Non Vessel Operating Common Carrier (NVOCC)
A firm that offers the same services as an ocean carrier, but which does not own or operate a vessel. NVOCCs usually act as consolidators, accepting small shipments (LCL) and consolidating them into full container loads. They also consolidate and disperse international containers that originate at or are bound for inland ports. They then act as a shipper, tendering the containers to ocean common carriers. They are required to file tariffs with the Federal Maritime Commission and are subject to the same laws and statutes that apply to primary common carriers.

Non-Asset-Based Third Party Providers
Third party providers who generally do not own assets, such as transportation and/or warehouse equipment.

Non-Certificated carrier
A for-hire air carrier that is exempt from economic regulation.

Non-Durable goods
Goods whose serviceability is generally limited to a period of less than three years (such as perishable goods and semidurable goods).

Non-expendable Inventory
Any tangible items with a shelf-life or usefulness beyond one year and costing over a certain dollar amount.

Non-Negotiable Bill of Lading
‘A document not made out ”to order”, but being a receipt and evidence of the contract of carriage, but which is not a document of title, e.g. a waybill and, in some jurisdictions (such as the USA), a (straight) consigned bill of lading.’

Non-Negotiable BOL
Provides for the delivery of goods to a named enterprise and to no one else. Also known as a straight bill of lading.

Non-Recyclable
A substance which cannot be introduced as usable for remanufacturable material.

Non-responsive Bid (also, unresponsive)
A bid or offer that does not comply with the requirements as stated.

Noncertified carrier
A for-hire air carrier that is exempt from economic regulation.

NONCOND

Non-Condensing

Nonconformity
Failure to fulfill a specified requirement.

NOP

Notice of Protest (see LOP)

NOPAT
Net operating profit after tax.

NOR

Notice of Readiness

NOR

Norway (Flag)

NORSKE VERITAS DNV

Norwegian classification society.

North American Free Trade Agreement (NAFTA)
A free trade agreement, implemented January 1, 1994, between Canada, the United States and Mexico.

NOS
Not Otherwise Stated.

NOS

National Ocean Service (Part of NOAA)

NOS/NES
See Not Otherwise Specified / Not Elsewhere Specified.

Not otherwise specified/Not elsewhere specified (NOS/NES)
This term often appears in ocean or airfreight tariffs respectively. If no rate for the specific commodity shipped appears in the tariff, then a general class rate (for example: printed matter NES) will apply. Such rates usually are higher than rates for specific commodities.

Notify Party
The name of an organization, or individual, that should be notified when a shipment reaches its destination.

NOTMAR

Notice To Mariners

NOWADAYS

(Adverb) Today - In our days. I.e Nowadays most ships produce their own fresh water in an evaporator fed with sea water and using the heat of the engine.

NOX
Oxides of Nitrogen

NPDES

National Pollutant Discharge Elimination System

NPFC

National Pollution Funds Center.

NPI
See New Product Introduction.

NPRM

Notice of Proposed Rulemaking.

NPV

Net Present Value

NR

Not Required.

NRC

National Research Council

NRT

Net Restricted Tonnage

NS*

Classification character for a ship which had been built under the Society/s survey but has been subjected to survey for classification of the Society/s surveyors.

NSCSA

National Shipping Company of Saudi Arabia.

NSN
see National Stock Number

NVOCC
See Non-Vessel Operating Common Carrier.Obsolete Inventory

NVOCC

Non Vessel Operating Common Carrier

NYME

New York Mercantile Exchange

NYPE

New York Produce Exchange

NYSMA

New York Society of Maritime Arbitrators