Glossary Of International Shipping Terms: I
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 commodities and maritime regulations become internationally acceptable.
I P I
Interior Points Intermodal. A term used by ocean carriers to describe door-to-door delivery service.
I.T.
In Transit Document (Form 7512) issued by a licensed Customs Broker which allows U.S. Customs to monitor in bond shipments moving in the U.S.
IMDG Code
International Maritime Dangerous Goods Code. The IMCO recommendations for the carriage of dangerous goods by sea.
Import
To bring in goods from a foreign country.
Import Licence
A document required and issued by some national governments authorizing the importation of goods into their individual countries.
Import Permit
Usually required for items that might affect the public health, morals, animal life, vegetation, etc. Examples include foodstuffs, feedstuffs, pharmaceuticals (human and veterinary), medical equipment, seeds, plants and various written material (including tapes, cassettes, movies, TV tapes or TV movies). In some countries an import permit is the same as an import licence.
In Bond
A term, which indicates that an imported shipment was not cleared by Customs at the border, and is moving under a surety bond.
In Transit
In passage from one place to another.
Inbound
Inward bound. Direction of vessel or cargo going to port of discharge or final destination.
Incoterms
Incoterms are a set of uniform rules codifying the interpretation of trade terms defining the rights and obligation of both buyer and seller in an international transaction, thereby enabling an otherwise complex basis for a sale contract to be accomplished in three letters. Incoterms are drafted by the International Chamber of Commerce.
Inland Clearance Depot
A CFS with Customs Clearance Facilities.
Insulated Container
A container insulated on the walls, roof, floor and doors, to reduce the effect of external temperatures on the cargo.
Insulated Tank Container
The frame of a container constructed to hold one or more thermally insulated tanks for liquids.
Interchange
Transfer of a container from one party to another.
Intermodal
Pertaining to transportation involving more than one form of carrier: truck, ship and rail.
Intermodal Transport
Moving ocean freight containers by various transportation modes. The fact that the containers are of the same size and have common handling characteristics permits them to be transferred from truck to railroad to air carrier to ocean carrier.
International Organization for Standardization (ISO)
ISO is a worldwide federation of national standards bodies from some 130 countries, one from each country. It is a non-governmental organization established in 1947 to promote the development of standardization facilitating international trade. ISO's work results in international agreements which are published as International Standards.
Invoice
Documentation supplying Customs with the type of goods, quantity, price of each type and terms of sale. The type of invoice required is determined by the shipment’s value.
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