Acronym 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.
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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…
Read MoreNormal valu
A customs term meaning the price at which merchandise is sold or offered for sale in principal markets of the country from which it is exported. In some countries a comparison of the price said paid or payable by a…
Read MoreNostro account
A bank account held by a bank with its foreign correspondent bank, in the currency of the foreign country.
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