Warehouse Dictionary

National Carrier thru NOS/NES



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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 Motor Freight Classification (NMFC)
A tariff, which contains descriptions and classifications of commodities and rules for domestic movement by motor carriers in the US.
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.
Net Weight
The weight of the merchandise, unpacked, exclusive of any containers.
New Product Introduction (NPI)
The process used to develop products that are new to the sales portfolio of a company.
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-Certificated carrier
A for-hire air carrier that is exempt from economic regulation.
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-stock inventory
inventory that is not tracked within your perpetual inventory system. Non-stock inventory will generally not have an item-master record or internal SKU number. An alternate meaning for non-stock inventory is order-as-needed inventory. In this case, you do have an item-master record and an internal SKU number, but do not carry stock of the item.
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.
Notify Party
The name of an organization, or individual, which 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.

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