The logic of nulls in databases has been subject of investigation since their introduction in Codd’s Relational Model, which is the foundation of the SQL standard. In the logic based approaches to modelling relational databases proposed so far, nulls are considered as representing unknown values. Such existential semantics fails to capture the behaviour of the SQL standard. We show that, according to Codd’s Relational Model, a SQL null value represents a non-existing value; as a consequence no indeterminacy is introduced by SQL null values. We show that the domain independent fragment of the extension of first-order logic accounting for predicates with missing arguments is equivalent to Codd’s relational algebra with SQL nulls. Moreover, we illustrate a faithful encoding of the logic into standard first-order logic. At the end, we show how to capture in this framework the UNIQUE, PRIMARY KEY, and FOREIGN KEY constraints as defined in the SQL: 1999 standard.