Terms used in shipping such as NASDA,National Agricultural Library,National Carrier , National flag, National Security Directives etc.
This post explains about terms used in shipping such as No funds,No mark,NAABSA,NADBank,NASDA,National Agricultural Library,National Carrier ,National flag, National Security Directives etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.
Terms used in shipping
N.O.C. - Notice of cancellation
n.o.p. - Not otherwise provided
n.p. - Net proceeds
N.P.C.F.B.:North Pacific Coast Freight Bureau.
n.r. - No risk, net register
n.r.a.d. - No risk after discharge
n.s.p.f. - Not specifically provided for
N.V. - Norske Veritas
N.V.O.C.C. - Non vessel operating common carrier
N/a - No advice, No account, Not applicable
N/C - New charter, New crop
N/f - No funds
N/m - No mark
N/N - Not north of
N/o - No orders (banking)
n/s - Not sufficient
NAABSA - Not Always Afloat But Safe Aground - Provision in a Charter-Party that the charterer has the right to order the ship to a port where she may touch the bottom in safety.
NAC - National Advisory Council on International Monetary and, Financial Policies
Nacional Financiera - NAFIN promotes growth in Mexico's priority development areas. NAFIN provides financial assistance to small and medium-sized Mexican businesses, encourages foreign investment in Mexico, and supports technological development in Mexico. NAFIN headquarters are in Mexico City, Mexico.
NADBank - North American Development Bank
NAFIN - Nacional Financiera
NAFTA - North American Free Trade Agreement
NAFTA (NORTH AMERICAN FREE TRADE AGREEMENT):A free trade agreement comprising the U.S.A., Canada, and Mexico.
NAFTA Certificate of Origin:The NAFTA Certificate of Origin is a document provided for goods that qualify for reduced or duty-free entry as a product of one of the three participating member nations: Mexico, United States and Canada.
NAFTA…North American Free Trade Agreement:The joint Canada, Mexico and United States treaty to reduce tariffs and trade barriers to promote cross-border economic activity.
NAL - National Agricultural Library
NAM - Non-Aligned Movement
NAP - Amsterdam Ordnance Datum
NASDA - National Association of State Departments of Agriculture, National Association of State Development Agencies
NAT - North Atlantic Treaty Organization
National Advisory Council on International Monetary and Financial Policies - 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 Agriculture - 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 Agencies - 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 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 - It is a flag carrier owned or controlled by the state.
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 FLAG:The flag carried by a ship to show her nationality.
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 Motor Freight Classification - It is the listing of items that contain the class descriptions of a particular item being shipped.
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 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.
The above details describes about terms called in shipping such as No funds,No mark,NAABSA,NADBank,NASDA,National Agricultural Library,National Carrier ,National flag, National Security Directives etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in shipping business below this post.Terms used in shipping such as Multinational Corporation,MultiTank Container,Not always afloat,Nominal horse-power,Not exceeding
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