Shipping Glossary
| 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.
|
| 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.
|
| INCOTERMS |
The recognized abbreviation for the International Chamber of Commerce Terms
of Sale. These terms were last amended, effective July 1, 1990.
|
| Intermodal |
Used to denote movement of cargo containers interchangeably between
transport modes, i.e., motor, rail, water, and air carriers, and where
the equipment is compatible within the multiple systems.
|
| IPI |
Abbreviation for "Inland Point Intermodal." 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 Bank |
Bank that opens a straight or negotiable letter of credit and assumes
the obligation to pay the bank or beneficiary if the documents presented
are in accordance with the terms of the letter of credit.
|
| 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.
|
