I.A. (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.
IATA (International Air Transport Association): The trade and
service organization representing international airlines from more
than 100 countries.
ICAO (International Civil Aviation Organization): A United Nations
agency organized to ensure orderly worldwide technical development
of civil aviation.
ICC: Abbreviation for Interstate Commerce Commission/ International
Chamber of Commerce.
IE (Immediate Exit): The US Customs IE Customs form is used
when goods are brought into the US and are to be immediately re-exported
without being transported within the US.
I.F.M. (Inward Freight Manifest): A complete listing of all
cargo entering the country of discharge. Required at all world ports.
Failure to provide, errors in preparation, or late submittal causes
the vessel operator to be fined. IFM is the primary source of cargo
control, against which duty is assessed by the receiving country.
Since it is a revenue-producing document, it must be accurate.
I.M.C.O. (International Maritime Consultative Organization): A
United Nations-affiliated organization representing all maritime
countries in matters affecting maritime transportation, including
the movement of dangerous goods, bulk commodities and maritime regulations.
The organization also is involved in deliberations on marine environmental
I.M.D.G. Code (International Maritime Dangerous Goods Code): The
regulations published by the IMO for transporting hazardous materials
Immediate Exportation: An entry that allows foreign merchandise
arriving at one port to be exported from the same port without payment
Immediate Transport (I.T.): Allows foreign merchandise arriving
at one port to be transported in bond to another port, where a superseding
entry is filed.
Import: To receive goods from a foreign country.
Import license: A document issued by a carrier required and
issued by some national governments authorizing the importation
of goods into their individual countries.
In Bond: A term applied to the status of merchandise admitted
provisionally to a country without payment of duties, either for
storage in a bonded warehouse or for transshipment to another point,
where duties eventually will be 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
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 normal
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 a rate within a conference tariff
that is the 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 by that port justifies the cost of routing
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
Insulated Container: A container insulated on the walls, roof,
floor and doors, to reduce the effect of external temperatures on
Insulated Tank: The frame of a container constructed to hold
one or more thermally insulated tanks for liquids.
Interchange Points: A terminal at which freight in the course
of transportation is delivered by one transportation line to another.
Intercoastal: Water service between two coasts. In the US, this
usually refers to water service between the Atlantic and Pacific
Interline Freight: Freight moving from origin to destination
over the lines of two or more transportation carriers.
Intermediate Points: A point located en route between two other
Intermodal: Term used to denote movements of cargo and containers
interchangeably between transport modes (motor, water and air carriers)
where the equipment is compatible within the multiple systems.
Interstate Commerce Commission (ICC): The US federal body charged
with enforcing acts of the US Congress that affect common carriers
in interstate control.
Invoice: An itemized list of goods shipped to a buyer, stating
quantities, prices, shipping charges, etc.
Inward Foreign Manifest: (IFM): A complete listing of all cargo
entering the country of discharge. Required at all world ports and
is the primary source of cargo control, against which duty is assessed
by the receiving country.
Inland Point Intermodal (IPI): Refers to inland points (non-ports)
that can be served by carriers on a through bill of lading.
I.S.O.: International Standards Organization which deals in
standards of all sorts, ranging from documentation to equipment
packaging and labeling.
Issuing Carrier: The carrier issuing transportation documents
or publishing a tariff.
I.T. (Immediate Transport): U.S. Customs document prepared by
carrier to allow a shipment to proceed from port of entry in United
States to Customs clearing at destination. The shipment clears Customs
at its final destination.