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Tuesday, January 15, 2013

Shipping Terms - Letter N

Glossary
of
Maritime, Shipping and Commercial Terms,
Expressions, Abbreviations, Measuring Units, etc.
Dictionary of 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 Y Z 

NAI
Net All In
Negligence
Careless action or omission which may cause injury, damage or loss.
Negotiable
In terms of documents, "negotiable" means that e.g. a Bill of Lading may be sold to another party whereby the ownership of the cargo is transferred by means of an endorsement of the Bill of Lading to the order of the other party whom is subsequently entitled to take possession of the goods.
Net Tonnage (NRT)
A volume measure of the useful capacity of a vessel determined in accordance with the provisions of the international convention on tonnage measurement of vessels.
Net Weight
The weight of the merchandise, excluding all packing.
Neutral Body
Investigation body designated by conference Carriers to insure that conference rules are adhered to.
NOE
Not Otherwise Enumerated.
Non-Conference Carrier
Outsider or independent Carrier not a member of the Conference.
Non-Negotiable B/L
Copy of original B/L which cannot be negotiated with bank.
Non Vessel Operating Common Carrier (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.
No Show
Cargo that fails to appear for the vessel it was originally booked.
NOS
Not Otherwise Specified.
Notice of Readiness
Written document or telex issued by the master of a vessel to the Charterer advising them the time at which a vessel is ready to load or discharge.
Notify Address
Address of the party (other than the Consignee) to be advised of the arrival of the goods.
Notify Party
Company/person who appears on the Bill of Lading to be notified when cargo arrives. Could be different from Consignee - usually actual receiver of goods.
NTV
Net to Vessel. Yield towards the contribution to fixed expenses. Freight revenue minus variable costs.
NVOCC
Goto : Non Vessel Operating Common Carrier.
NYSA
New York Shipper Association
Tags: Glossary, Dictionary, Explained, Define, Meaning, Description.
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