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Shipping Glossary

Shipping Glossary

Net Deplacement

Deplacement of the empty ship ready for operation, stated in tons. Syn.: Net Weight Ship

Net Short Ton

2,000 pounds

Net Tare Weight

The weight of an empty cargo-carrying piece of equipment plus any fixtures permanently attached

Net Terms

All costs of loading/unloading inclusive of quay dues are borne by the shipper

Net Ton Index

Measuring unit according to IMO survey. According to the ship survey agreement it replaces the former measuring unit of net registered tons

Net ton, or short ton

2,000 lbs

Neutral Body

Operates within the framework of a rate conference. Established by the member carriers to act as a self-policing force to ferret out malpractices and other tariff violations. The neutral body has authority to scrutinize all documents kept by the carriers and the carriers' personnel. Has right of entry to all areas of the carriers' facilities, including desks, briefcases, etc. Violations found are reported to the membership, and significant penalties are assessed. Repeated offenses are subject to escalating penalties. Revenue from penalties is used to support the cost of the neutral body's activity

NLC

NON-LOADING PORT CHARGE AT ORIGININ

NMS

NVOCC FILING MANIFEST SURCHARGE

Nomenclature of the Customs Cooperation Council

The Customs tariff used by most countries worldwide. It was formerly known as the Brussels Tariff Nomenclature and is the basis of the commodity coding system know as the Harmonized System

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