Terms used in shipping such as Nuclear Energy Agency ,Nuclear Non-Proliferation Treaty,Nuclear Regulatory Commission,Nuclear Suppliers Group etc.
This post explains about terms used in shipping such Notice of Redelivery ,Notify Party ,Net Tonnage ,Nuclear Energy Agency ,Nuclear Non-Proliferation Treaty,Nuclear Regulatory Commission,Nuclear Suppliers Group,Number of slots,Overall length 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
No-show;Cargo which has been booked but does not arrive in time to be loaded before the vessel sails. See also "Windy Booking."
Not Otherwise Indicated (NOI) - A general class rate or NOI is assigned to any freight that has no rate listed in the NMFC.
Notice of Redelivery - Written notice given by the time charterer to the shipowner giving the date when the ship is to be returned to the shipowner at the end of the period of the charter. Charter-parties often stipulate that several such notices be given at agreed intervals as the date of redelivery approaches.
Notify Party - Party whose name and address appears in a Bill of Lading who is to be notified by the shipping company or its agent of the arrival of the goods at the discharge port. The notify party is often an agent for the receiver of the goods who arranges for their clearance and transport to the receiver's premises. There is normally a box on the Bill of Lading into which the details of the notify party are inserted.
NPIS - New Product Information Service
NPT - Nuclear Non-Proliferation Treaty
NPV - Net present value
NRPB - Natural Resource Based Products
nrt - Net registered tonnage
NRT:Net registered tons. This tonnage is frequently shown on ship registration papers; it represents the volumetric area available for cargo at 100 cubic feet = 1 ton. It often is used by port and canal authorities as a basis for charges.
NS - National Security Override
NSC - National Security Council
NSD - National Security Directive
NSG - Nuclear Suppliers Group
NT - Net Tonnage - The total of all enclosed spaces within a ship available for cargo expressed in tons each of which is equivalent to one hundred cubic feet. This term was previously referred to as NRT.
NT:Net Tons.
NTBs - Non-Tariff Barriers
NTDB - National Trade Data Bank
NTE - National Trade Estimates Report, New-To-Export
NTF - Nigeria Trust Fund
NTM - New-To-Market
NTMs - Non-Tariff Measures
NTT - Nippon Telegraph and Telephone Corporation
Nuclear Energy Agency - The NEA, with headquarters in Paris, is a companion organization to the IEA and an element of OECD. NEA promotes the safe and effective use of nuclear energy through the exchange of information among technical experts, the sharing of analytical studies, and undertaking joint research and development projects by member countries.
Nuclear Non-Proliferation Act - Among other actions, this Act (passed in 1974) made the U.S. Energy Department responsible for approving arrangements for nuclear exports and transfers. Each arrangement requires State Department concurrence, as well as consultations with the Arms Control and Disarmament Agency, the NRC, and the Departments of Defense and Commerce.
Nuclear Non-Proliferation Treaty - The NPT became effective in 1970 and was intended to limit the number of states with nuclear weapons to five: the U.S., the Soviet Union, Britain, France, and China. In doing so, the NPT attempts to: (a) prevent ar technologies and materials. Over 140 states have pledged not to acquire nuclear weapons and to accept the safeguards of the International Atomic Energy Agency over all their nuclear materials. - The treaty, however, is not of indefinite duration. One of the provisions of the treaty was to convene a conference 25 years after entry into force to decide whether the treaty would continue indefinitely or be extended for a specified time.
Nuclear Regulatory Commission - The NRC regulates the transfer of nuclear facilities, materials and parts with uniquely nuclear applications (such as items associated with nuclear reactors). Energy regulates the transfer of information relating to nuclear technology. The State Department controls defense articles and services, such as nuclear weapons design and test equipment. Commerce controls a range of dual-use items with potential nuclear application. - License applications for the export of NRL items are reviewed by Energy and may be referred to an interagency working group known as the "Subgroup on Nuclear Export Coordination" (SNEC). The - SNEC comprises representatives from State, Defense, Commerce, the Arms Control and Disarmament Agency (ACDA), and the NRC. See: International Atomic Energy Agency Nuclear Suppliers Group Zangger Committee.
Nuclear Suppliers Group - The NSG is an organization of nuclear supplier nations, which coordinates exports of nuclear materials and equipment with the International Atomic Energy Agency (IAEA) inspectorate regime. The reason for creating the NSG was to allow member states some flexibility (which they do not enjoy in the Zangger Committee) in controlling items to non-nuclear weapons states. The NSG's independence from the NPT enables NSG to enlist the cooperation of supplier states that are not signatories to the NPT and thus not involved in the nuclear export control activities of the Zangger Committee. The NSG's control list is more comprehensive than the Zangger Committee's "trigger list"; it requires the imposition of safeguards on exports of nuclear technology in addition to nuclear materials and equipment. The NSG developed a multilateral list for national adoption of export controls on dual-use commodities with a nuclear application.
Number of slots: The recorded number of the containers on the vessel. The container capacity of a container vessel is shown with twenty-feet equivalent unit.
NVD:No Value Declared.
NVO:Non-vessel-operating common carrier, a ships agent, conducts business for the ship but does not operate the vessel.
NVOCC: Non Vessel Operating Common Carrier.NVOCCs are those who own their own containers but don't own and operate vessels. NVOCCs buy container space in vessels from vessel operators and in turn sell sea freight service to their customers
NVO-MTO - Non-vessel-operating multimodal transport operator
o.a. - Over all
O.A.L. - Overall length
O.B.O. - Oil/bulk/ore carrier
O.C.I.M.F. - Oil companies International Marine Forum
O.C.P. rate:Overland Common Point rates which are generally lower than local tariff rates. They were established by the U.S. West Coast steamship companies in conjunction with railroads serving the western U.S. ports so that cargo originating or destined to the American Midwest and East would be competitive with all-water rates via the U.S. Atlantic and Gulf ports. O.C.P. rates are also applicable to eastern Canada.
O.E.C.D.:Organization of Economic Cooperation and Development, headquartered in Paris with membership consisting of the world's developed nations.
O.G.P.I - Original fross premium income (reinsurance)
O.M.C.A.S. - Outstanding marine claims advisory settlements
O.N.R. - Original net rate
O.P. - Open (or floating) policy
O.P.E.C. - Organisation of PetroleumExporting Countries
The above details describes about terms called in shipping such as Notice of Redelivery , Notify Party ,Net Tonnage ,Nuclear Energy Agency ,Nuclear Non-Proliferation Treaty,Nuclear Regulatory Commission,Nuclear Suppliers Group,Number of slots,Overall length 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 Non-Tariff Measures ,Nordic Investment Bank,Nordic Council,Norske Veritas
Terms used in shipping such as Non-Tariff Measures ,Nordic Investment Bank,Nordic Council,Norske Veritas
Related posts about free online training on overseas trade:
How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Different types of export containers
How to get GSP certificate of origin in India?
Types of export containers
Foreign Trade Policy of India 2015-20
Office to contact in Jammu and Kashmir for Certificates of origin non preferential
Guidelines to close an EOU, EHTP or STP units Part 2
Guidelines to close an EOU, EHTP or STP units part 1
How does Letter of Credit work?
How does STP units work in India?
How does TT (Telegraphic Transfer) work?
How does Wire transfer work in international business?
Sea carriers
sea exports
SEZ benefits
Shipping lines worldwide