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FrançaisAcronym used in proforma invoices and commercial invoices to express that the merchandise shipped, usually samples. do not have commercial value and therefore do not pay tariffs in customs clearance.
Read MoreNon-automatic licensing
A non-automatic licence is an import licence which is not granted automatically. The licence may either be issued on a discretionary basis or may require specific criteria to be met before it is granted. See also multi-agency classifications of NTMs.
Read MoreNon-Disclosure Letter for Company Purchase
This type of Non-Disclosure letter is a written statement prepared and signed by the Seller and Buyer of the business that indicates their intention to enter into a legally binding contract to transfer the ownership of the company. This Letter…
Read MoreNon-negotiable B/L
A transport document showing that shipment has been made with a designated carrier. For vessel shipments, the consignee field will not contain the word “order”, but will include the name of the party entitle to claim the cargo. Since a…
Read MoreNon-tariff barriers (NTBs)
Market access barriers that result from prohibitions, restrictions, conditions or specific requirements and make importing products difficult and/or costly. The term covers any restriction or quota, charge, or policy (other that traditional customs duties), domestic support programmes, discriminatory labelling and…
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