NQM definition
Examples of NQM in a sentence
For the purpose of calculating the non-qualifying value of materials pursuant to paragraph 2(b), the following formula shall be applied: N.Q.M. = T.V.M. – Q.V.M. where: (a) T.V.M. is the total value of materials; and (b) Q.V.M. is the qualifying value of materials, which is the value of the materials that can be attributed to one or both the Parties.
The Far Fanning project was most recently evaluated by NQM in 2009.
For the purpose of calculating the qualifying value content of a good, the following method of calculation shall be applied: FOB value of good - NQM FOB value of good where QVC is the qualifying value content of a good, NQM is the value of non-qualifying materials and FOB is the free-on-board value of a good.
Using the above illustration, since the FOB = 1.00 and the NQM = 0.70, the QVC is only 30%.