Resource  |  Career
 
 
 
 
Search Glossary:
 
 

I.M.C.O.

International Maritime Consultative Organization. A forum in which most major maritime nations participate and through which recommendations for the carriage of dangerous goods, bulk commodi- ties, and maritime regulations become internationally acceptable.

I.M.D.G. Code

International Maritime Dangerous Goods Code. The regulations published by the IMO for transporting hazardous materials internationally.

I.S.O.

International Standards Organization which deals in standards of all sorts, ranging from documenta-tion to equipment packaging and labeling.

I.T.

Abbreviation for "Immediate Transport." The document (prepared by the carrier) allows shipment to proceed from the port of entry in the U.S. to Customs clearing at the destination. The shipment clears Customs at its final destination. Also called an "In-Transit" Entry.

I/A

Abbreviation for "Independent Action." The right of a conference member to publish a rate of tariff rule that departs from the Agreement's common rate or rule.

ICC

Abbreviation for:
(1) "Interstate Commerce Commission"
(2) "International Chamber of Commerce"

IE

Stands for "Immediate Exit." In the U.S., Customs IE Form is used when goods are brought into the U.S. and are to be immediately re-exported without being transported within the U.S.
 

Immediate Exportation

An entry that allows foreign merchandise arriving at one port to be exported from the same port without the payment of duty.

Import

To receive goods from a foreign country.

Import License

A document required and issued by some national governments authorizing the importation of goods.

In Bond

Cargo moving under Customs control where duty has not yet been paid.

In Gate

The transaction or interchange that occurs at the time a container is received by a rail terminal or water port from another carrier.

In Transit

In transit, or in passage.

Incentive Rate

A lower-than-usual tariff rate assessed because a shipper offers a greater volume than specified in the tariff. The incentive rate is assessed for that portion exceeding the normal volume.

INCOTERMS

The recognized abbreviation for the International Chamber of Commerce Terms of Sale. These terms were last amended, effective July 1, 1990.

Indemnity Bond

An agreement to hold a carrier harmless with regard to a liability.

Independent Action

Setting rate within a conference tariff that is different from the rate(s) for the same items established by other conference members.

Independent Tariff

Any body of rate tariffs that are not part of an agreement or conference system.

Inducement

Placing a port on a vessel's itinerary because the volume of cargo offered at that port justifies the cost of routing the vessel.

Inherent Vice

An insurance term referring to any defect or other characteristic of a product that could result in damage to the product without external cause (for example, instability in a chemical that could cause it to explode spontaneously). Insurance policies may exclude inherent vice losses.

Inland Carrier

A transportation line that hauls export or import traffic between ports and inland points.

Inspection Certificate

A certificate issued by an independent agent or firm attesting to the quality and/or quantity of the merchandise being shipped. Such a certificate is usually required in a letter of credit for commodity shipments.

Installment Shipments

Successive shipments are permitted under letters of credit. Usually they must take place within a given period of time.

Insulated Container

A container insulated on the walls, roof, floor, and doors, to reduce the effect of external temperatures on the cargo.

Insulated Container Tank

The frame of a container constructed to hold one or more thermally insulated tanks for liquids.

 
Total: 43 Records, Display 1-25