Release date: April 24, 2023      Hits: 2698    Comment: 0    
Note: I.C.T.F.:Intermodal Container Transfer Facility, an on-dock facility for moving containers from ship to rail or truck.I.

I.C.T.F.: Intermodal Container Transfer Facility, an on-dock facility for moving containers from ship to rail or truck.

I.p.a.: Including particular average

IATA: International Air Transport Association.

ICAO: International Civil Aviation Organization. A specialized agency of the United Nations, with headquarters in Montreal. Its task is to promote general development of civil aviation (e.g. aircraft design and operation, safety procedures, contractual agreements).

ICB: International Container Bureau

ICC: International Chamber of Commerce

ICCH: International Commodities Clearing House

ICCO: International Cocoa Council

ICD: Inland Clearance Depot

ICHCA: International Cargo Handling Co-ordination Association

ICS: International Chamber of Shipping or Institute of Chartered Shipbrokers

ID: import Duty

IDR: import Duty Report, stipulates the value of an imported good and the amount to be paid as duty. Nigeria only.

IFF: Institute of Freight Forwarders.

Igloo: Container designed to occupy full main deck width of carrying aircraft.

IMDG: International Maritime Dangerous Goods code

IMF: International Monetary Fund

IMO: International Maritime Organisation

import License: A certificate, issued by countries exercising import controls, that permits importation of the articles stated in the license. The issuance of such a permit frequently is connected with the release of foreign exchange needed to pay for the shipment for which the import license has been requested.

In-Bond: A customs program for inland ports that provide for cargo arriving at a seaport to be shipped under a Customs bond to a more conveniently located inland port where the entry documents have been filed. Customs clears the shipment there, and the cargo is trucked to its destination, which normally is close to the inland port.

Incoterms: A codification of terms used in foreign trade contracts that is maintained by the International Chamber of Commerce.

Incremental Cost to Export: The additional costs incurred while manufacturing and preparing a product for export ( e.g., product modifications, special export packaging and export administration costs.) This does not include the costs to manufacture a standard domestic product, export crating and transportation to the foreign market.

Inducement: Some steamship lines publish in their schedules the name of a port and the words by inducement in parentheses. This means the vessel will call at the port if there is sufficient amount of profitable cargo available and booked.

Inland Carrier: A transportation line which hauls export or import traffic between ports and inland points.

INSA: International Shipowners' Association

Inspection Certificate: A document certifying that merchandise (such as perishable goods) was in goods condition immediately prior to shipment.

Integrated Carrier: Forwarder which uses own aircraft, whether owned or leased, rather than scheduled airlines.

Intellectual Property: Ownership of the legal rights to possess, use or dispose of products created by human ingenuity, including patents, trademarks and copyrights.

Interline: Mutual agreement between airlines to link their route network.

Intermeddle: Referring to the capacity to go from ship to train to truck, or the like, the adjective generally refers to containerized shipping or the capacity to handle same.

Intermodal: Carriage of a commodity by different modes of transport, i.e. sea, road, rail and air within a single journey.

IOE: Institute of Export

IRN: import Release Note

Irrevocable Letter of Credit: A letter of credit with a fixed expiration date that carries the irrevocable obligation of the issuing bank to pay the exporter when all of the terms and conditions of the letter of credit have been met.

ISF: International Shipping Federation

ISO: International Standards Organization also referred to as the International Organizational for Standardization.

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