N
National
Carrier: A for-hire certificated air carrier
that has annual operating revenues of $75 million to $1 billion; the carrier
usually operates between major population centers and areas of lesser
population.
National Industrial Transportation League: An association representing shippers' and receivers'
interests in matters of transportation policy and regulation.
National Motor Bus Operators Organization: An industry association representing common and charter bus
firms; now known as the American Bus Association.
National Motor Freight Classification (NMFC): A tariff, which contains descriptions and classifications
of commodities and rules for domestic movement by motor carriers in the US.
National Railroad Corporation: Also known as Amtrak, the corporation established by the
Rail Passenger Service Act of 1970 to operate most of the United States' rail
passenger service.
Negotiable
BOL: Provides for the delivery of goods
to a named enterprise or to their order (anyone they may designate), but only
upon surrender of proper endorsement and the bill of lading to the carrier or
the carrier's agents. Also known as an order bill of lading.
Negotiations: A set of discussions between two or more enterprises to
determine the business relationship.
Net
Assets: Total net assets are calculated as
Total Assets - Total Liabilities; where the total assets are made up of fixed
assets (plant, machinery, and equipment) and current assets which is the total
of stock, debtors, and cash (also includes A/R, inventory, prepaid assets,
deferred assets, intangibles, and goodwill). The total liabilities are made up in
much the same way as long-term liabilities and current liabilities (includes
A/P, accrued expenses, deferred liabilities).
New Product Introduction (NPI): The process used to develop products that are new to the
sales portfolio of a company.
Node: A fixed point in a firm's logistics system where goods come
to rest; includes plants, warehouses, supply sources, and markets.
No Location (No Loc): A
received item for which the warehouse has no previously established storage
slot.
Non-Negotiable
BOL: Provides for the delivery of goods
to a named enterprise and to no one else. Also known as a straight bill of
lading.
Non Vessel Operating Common Carrier (NVOCC): A firm that offers the same services as an ocean carrier,
but which does not own or operate a vessel. NVOCCs usually act as
consolidators, accepting small shipments (LCL) and consolidating them into full
container loads. They also consolidate and disperse international containers
that originate at or are bound for inland ports. They then act as a shipper,
tendering the containers to ocean common carriers. They are required to file
tariffs with the Federal Maritime Commission and are subject to the same laws
and statutes that apply to primary common carriers.
North American Free Trade Agreement (NAFTA): A free trade agreement, implemented January 1, 1994,
between Canada, the United States and Mexico.
Notify
Party: The name of an organization, or
individual, that should be notified when a shipment reaches its destination.
Not otherwise specified/Not elsewhere specified (NOS/NES): This term often appears in ocean or airfreight tariffs
respectively. If no rate for the specific commodity shipped appears in the
tariff, then a general class rate (for example: printed matter NES) will apply.
Such rates usually are higher than rates for specific commodities.
NVOCC: See Non-Vessel Operating Common Carrier.
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