NCM Code (Nomenclatura Común del Mercosur)
A product classification system used in Mercosur countries (Argentina Brazil Paraguay and Uruguay) for international trade.
Definition
A product classification system used in Mercosur countries (Argentina Brazil Paraguay and Uruguay) for international trade. The NCM code is an 8-digit number based on the Harmonized System (HS Code) and is used to determine applicable tariffs taxes and trade restrictions. Accurate NCM code classification is crucial for customs clearance in Mercosur markets
Related Terms
NCBFAA (National Customs Brokers and Forwarders Association of America)
The NCBFAA is a prominent trade association in the United States representing customs brokers freight forwarders and other international trade professionals.
Net Tonnage (NT)
A measurement of a ship's usable internal volume excluding non-revenue-earning spaces such as crew quarters engine rooms and navigation areas.
Non-Vessel Operating Common Carrier (NVOCC)
An NVOCC is a company that provides ocean freight services without owning or operating its own vessels.
Notify Party
The individual or company listed on the Bill of Lading or Air Waybill that must be informed upon the arrival of a shipment.
Actual Gross Weight
The total weight of a shipment including the product itself packaging materials pallets and any other shipping aids.
Accessorial Fees
Additional fees charged by carriers for services beyond standard transportation.
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