FreightAmigo Academy – Shipping Terms

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There are currently 16 terms in this directory beginning with the letter N.
Near Sourcing
Outsourcing of production/ sourcing that is in a country close to the domestic market of the contracting company.

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.

Negotiated Rate Arrangement (NRA)
A Negotiated Rate Arrangement (NRA) is a document regulated by the Federal Maritime Commission (FMC). It ensures that all ocean freight rates are documented and accepted before the cargo is loaded onto the vessel.

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.

NES | The National Export System
The National Export System (NES) is a computer-based system which enables export declarations to be submitted electronically

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 Weight
The weight of goods without packaging.

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

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

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-Vessel Operating Common Carrier (NVOCC)
A Non-Vessel Operating Common Carrier (NVOCC) is an ocean carrier that transports goods under its own House Bill of Lading, or equivalent documentation, without operating ocean transportation vessels.

Noridsk Speditörsförbunds Allmänna Bestämmelser 2000 (NSAB)
A set of rules development by the Nordic Association of Freight Forwarders, including the freight forwarders liability under various transport law conventions, such as SIM, CMR, the Hague-Visby Rules and the Warsaw Convention. The Norid Association of Freight Forwarders is a coaltion of unions in Denmark, Finland, Norway and Sweden and is in turn a part of FIATA, the international Freight forwarder organisation

Not Otherwise Enumerated (NOE)
Not Otherwise Enumerated

Not Otherwise Stated (NOS)
Not Otherwise Stated.

Notify Party
Notify party is any party notified with shipment information by a carrier upon the arrival of cargo at its destination.

NVWA | De Nederlandse Voedsel- en Warenautoriteit
The Dutch Government Agency that is responsible for ensuring the safety of food and consumer products, animal welfare and nature.