International Trade Finance Terms from TEFO - N

N

NAFTA

North American Free Trade Agreement.

National Association Of Export Companies

A nonprofit organization to act as the information provider, support clearinghouse forum, and advocate for those involved in exporting and servicing exporters.

National Customs Brokers And Freight Forwarders Association

(USA) A non-profit organization which serves as the trade organization of customs brokers and international freight forwarders in the U.S.

National Trade Data Bank (NTDB)

(USA) An electronic data base which contains international economic and export promotion information supplied by 15 U.S. governmental agencies.

National Treatment

National treatment affords foreign individuals and firms the same competitive opportunities, including market access, as are available to domestic parties.

Nationalization

Takeover by a government of a public or private activity.

Negotiable

Legally capable of being transferred by endorsement or delivery.

Negotiable Bill of Lading

A bill of lading transferable by endorsement by virtue of its terms which make the goods which it covers deliverable to "bearer", or to the order of a named party, or to the assigns.

Nested

Packed one within another; for example the way paper cups are stacked as a way of saving space.

Net Cash

Payment for goods sold without any deduction allowed from the price.

Net National Product

The total amount of goods and services produced in a nation in a given period of time less the quantity of goods and services needed for its production.

Net Price

Price after all deductions, discounts, rebates, etc have been taken.

Net Weight

The weight of goods without packaging. The weight of the contents of a package.

No Show

Freight that has been booked for shipment on a carrier, but has not physically arrived in time to be loaded before departure of the carrier. This term is also applied to passengers who do not arrive for a departure

Notary Public

A person commissioned by a state for a stipulated period to administer certain oaths and to attest and certify documents. In some countries, the authority of a notary public is much more extensive.

Notify Address

Address of the party mentioned in the transport document to which the carrier is to give notice about the arrival of the shipment.

Notify Party

Name and address of a party indicated in the transport document to be notified by the shipping company of the arrival of a shipment.

NTDB

(USA) National Trade Data Bank: A data base used as the central collection point for US government generated export promotion information.