Neutral unit of construction (airlines)

Neutral unit of construction (airlines)

The neutral unit of construction or neutral unit of currency (code: NUC) is a private currency used by the airline industry,[1] to record fare calculation information.[2] A set of exchange rates are issued by the International Air Transport Association (IATA) every month.[3] The ticket component prices are converted from the original currency (of the country of commencement of travel) and recorded on the airline ticket.[4]

The NUC system came into being on 1 July 1989, having superseded the older "Fare Construction Unit" (FCU) system.[4] As of 2008, the NUC is pegged approximately to the US dollar ($1 ≈ 1 NUC).[5]

A similar unit, formerly used by the European railway industry is the UIC Franc (XFU).

References

  1. ^ Passenger Services Conference Resolutions Manual. International Air Transportation Association. 2007. ISBN 978-92-9229-010-8. 
  2. ^ "eTACS Airline Cargo System". Flight Data Management. http://www.fdminc.net/cargo/cargointro.html. Retrieved 2008-11-28. "The airline can define as many currencies as required. The conversion rates can be based on the IATA NUC or standard bank rates." 
  3. ^ "Section I – General Rules". Alaska Airlines. http://www.alaskaair.com/as/www2/company/tariff/international/tariff_intl_section1A.asp. Retrieved 2008-11-28. "IATA Rate of Exchange means the rate of exchange notified by IATA monthly to convert local currency fares to a Neutral Unit of Construction (NUC) and to convert total NUC amounts to the currency of the country of commencement of transportation. [...] Neutral Unit of Construction (NUC) means the unit value equivalent of local currency fares, add-ons and related charges derived by converting same using the IATA rate of exchange. [...] Rate of Exchange (ROE) is the rate based on the IATA Clearing House Rate which will be revised at least four times yearly and is to be used for conversion of local currency fares to NUC's [sic] and vise [sic] versa." 
  4. ^ a b Medlik, S. (2003). Dictionary of Travel, Tourism and Hospitality. Butterworth-Heinemann. p. p.121. ISBN 0750656506. http://books.google.com/books?isbn=0750656506. "Neutral Unit of Construction (NUC) The basis of air fare calculations established by the International Air Transport Association (IATA), which replaced the Fare Construction Unit (FCU) on 1 July 1989. In the new system individual amounts in local currencies are converted to NUC by the use of NUC conversation factors and the total NUC amount is converted back to the local currency of sale. The conversion factors are normally adjusted four times a year." 
  5. ^ "ITA Software Fare Construction". FlyerTalk. 2007-05-30. http://www.flyertalk.com/forum/archive/index.php/t-698446.html. Retrieved 2008-11-28. "NUC is the basic fare unit. It is the abbreviation for neutral unit of construction. It is a fictitious currency equivalent in value to the US dollar. An industry-wide term that carriers and governments use for fare construction purposes and air fare calculations." 



Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Japan Airlines — Not to be confused with Air Japan, the charter carrier. Japan Airlines 日本航空 (Nihon Kōkū) IATA JL ICAO …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

  • China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Switzerland — /swit seuhr leuhnd/, n. a republic in central Europe. 7,248,984; 15,944 sq. mi. (41,294 sq. km). Cap.: Bern. French, Suisse. German, Schweiz. Italian, Svizzera. Latin, Helvetia. * * * Switzerland Introduction Switzerland Background: Switzerland s …   Universalium

  • Libya — /lib ee euh/, n. 1. Anc. Geog. the part of N Africa W of Egypt. 2. Italian, Libia. a republic in N Africa between Tunisia and Egypt: formerly a monarchy 1951 69. 5,648,359; 679,400 sq. mi. (1,759,646 sq. km). Cap.: Tripoli. * * * Libya… …   Universalium

  • cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources …   Universalium

  • Canada — /kan euh deuh/, n. a nation in N North America: a member of the Commonwealth of Nations. 29,123,194; 3,690,410 sq. mi. (9,558,160 sq. km). Cap.: Ottawa. * * * Canada Introduction Canada Background: A land of vast distances and rich natural… …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”