| LOGISTICS DICTIONARY |
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| [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.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 documentation 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. In-Transit Entry (I.T.) Allows foreign merchandise arriving at one port to be transported in bond to another port, where a superseding entry is filed. 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. |